“Real Estate” head: the launch of the initial registration of developers and the establishment of licensing and dispute resolution committees
Monitor the implementation of projects and follow up the commitment of developers to the requirements and specifications
Conducting periodic field visits to projects and reviewing the complex completion reports
Instructions to create a real estate development warranty account in partnership with the Central Qatar
The General Authority for Regulating the Real Estate Sector – “Real Estate” 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 Qatar National Vision 2030. 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.
The conference also witnessed the signing of strategic understanding notes with the GMG Holding Group and the Commercial Bank, in support of the efforts to enhance the partnership between the public and private sectors and develop the real estate investment environment.
“Sheikh Jabr bin Mansour Jabr Al Thani, we express our appreciation for the efforts made by the authority in organizing the real estate sector, and we value steps that enhance and establish a sustainable investment environment, which is confirmed by the existence of clear legal systems to support trust and transparency between developers and investors, which contributes to achieving successful real estate projects that meet the needs of society.
Sheikh Ali bin Abdullah Al Thani, Assistant Director General and Head of the Government Sector of the Commercial Bank, said, in line with our vision to support the national development process, the Commercial Bank is proud to be the first bank in Qatar to offer the real estate guarantee account in cooperation with the General Authority for Regulating the Real Estate Sector (real estate), in a move that enhances transparency and trust and pushes the real estate sector towards sustainable growth.
In his speech, Eng. Khalid bin Ahmed Al -Obaidli emphasized that he sought behind the good vision of His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the country, “may God protect him”, which aims to diversify income sources and promote sustainable development, and embody the goals of Qatar National Vision 2030, the initiative to establish the authority, which aims to organize and develop the real estate sector as one of the vital pillars of the national economy.
In this context, he added, and to maintain a prosperous and attractive real estate market, it is our responsibility to continue to strengthen this momentum by stimulating innovation, attracting more qualitative investments, and enhancing the competitiveness of the Qatari real estate market regionally and globally. Al -Obaidli said: Qatar has established its position as a prestigious investment destination, and with the continued development of the advanced infrastructure and the encouraging business environment, we are continuing with confidence towards achieving more successes in this vital sector.
Adding … based on the strategy of the commission that was launched in December 2024, which is based on a group of basic pillars, foremost of which is the activation of legislation and enforcement of laws, we worked on setting the necessary regulatory frameworks to ensure balanced and sustainable growth for this vital sector.
He stressed that within the framework of activating the role of the authority, the implementation of the provisions of Law No. (6) of 2014 to regulate real estate development and its amendments, which constituted a qualitative shift in 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 has also been 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.
Al -Obaidli added: The instructions for establishing a real estate development assurance account were issued in partnership with the Qatar Central Bank, which obliges real estate developers to open a bank account designated for each project, to ensure the use of buyers ’money exclusively in implementing the project, protecting their rights and enhancing transparency and credibility in real estate transactions.
The decision to issue the decision of His Excellency the Minister of Justice and the Minister of State for Cabinet Affairs relating to the organization of the initial real estate registry and determine its data and procedures and registration fees in it, which will enhance the organization of real estate development and sale projects on the map.
In this context, the authority will start licensing real estate developers and real estate development projects, according to accurate criteria aimed at raising the level of reliability and efficiency in the real estate market. Where all requests for licensing will be subject to an accurate technical and legal study to ensure the fulfillment of the approved requirements and controls, in order to enhance the sector’s credibility and protect the rights of all parties.
Al -Obaidli added .. The authority’s role is not limited to granting licenses only, but also extends to monitoring the implementation of real estate development projects to ensure the commitment of developers to the specified time schedules and approved technical specifications. Where the real estate developer must provide the authority with all data and information related to the project, including the details of the implementation scheme, completion rates, financial flows, and any developments that affect the progress of the project, with the aim of enabling the authority to exercise its supervisory role and ensure full commitment to organizational and legal requirements.
He stressed that in order to protect the rights of all parties, periodic field visits will be made, review of the complex completion reports, and follow -up of the warranty accounts movement allocated to each project, in addition to taking the necessary measures in the event that any unjustified violations or delays are monitored.
Adding that through these mechanisms, the authority devotes its commitment to enhancing transparency and consolidating a fair and safe investment environment, which contributes to achieving the sustainable development targeted by Qatar National Vision 2030.
He pointed out that these integrated steps from the establishment of the authority to activate the law, establish the competent committees and issue organizational instructions, represent our firm commitment to building a strong and sustainable real estate sector that supports the state’s march towards achieving economic diversity and comprehensive development.
Al -Obaidli said, I extend my sincere thanks and appreciation to our esteemed partners, and to all the attendees, and to everyone who contributed and contributes to building a strong and prosperous real estate sector in Qatar. Together, we not only build projects, but we create the future of our nation and make a legacy of progress, innovation and prosperity.