The General Authority for Regulating the Real Estate Sector – Real Estate – revealed the high number of rental contracts registered in the first half of this year to the highest level and number registered in the first half in 6 years, where the number of contracts reached about 58,246 contracts, this number represents a significant increase compared to the first half of the year 2024, which recorded about 46,073 contracts, i.e. with an annual growth of approximately 26%.
Real Estate confirmed that the Al -Wakra municipality witnessed the largest request on rental contracts, especially in areas such as Al -Wukir, Al -Mushd and Al -Thaama, which combined 5,337 lease contracts, and these areas are one of the preferred options for expatriates with medium income due to the availability of housing at reasonable prices.
The General Authority for Regulating the Real Estate Sector «Real Estate» has announced the start of activating the provisions of Law No. (6) of 2014 regarding the regulation of the real estate sector, as part of its efforts to develop the sector and enhance the investment environment in line with the Qatar National Vision 2030.
This step represents a qualitative shift in enhancing transparency, protecting the rights of all parties, organizing the real estate market according to the highest standards, and the initiatives included the launch of the initial registration of real estate developers, the establishment of licensing committees and the resolution of real estate development disputes, and the issuance of instructions for the real estate development warranty account in cooperation with the Qatar Central Bank, with the aim of controlling and organizing the market and ensuring the rights of all parties. To implement the requirements of this law effectively, the authority has created the initial registration of real estate developers and the establishment of the licensing committee, which is concerned with organizing registration and licensing operations according to the highest standards of transparency and discipline. The real estate development disputes committee was also established, to be a specialized platform for a fair and rapid semester in real estate disputes, which enhances confidence between all active parties in the market.
During a press conference held yesterday, His Excellency Eng. Khaled bin Ahmed Al -Obaidli, Chairman of the Authority, confirmed that this step represents a qualitative shift in promoting transparency, protecting the rights of all parties, and organizing the real estate market according to the highest standards. The initiatives included the launch of the initial registration of real estate developers, the establishment of licensing committees and the resolution of real estate development disputes, and the issuance of instructions for the real estate development warranty account in cooperation with the Qatar Central Bank.
His Excellency explained that the authority will start with the license of real estate developers and development projects based on accurate standards to ensure the credibility and efficiency of the market, while strengthening the supervisory role to implement projects and follow up the commitment of the developers to the requirements and specifications approved to protect the rights of all parties.
