Aqarat Hosts Second Forum For Real Estate Developers

(MENAFN- Gulf Times) The Real estate Regulatory Authority (Aqarat) has hosted the second forum for real estate developers, aiming to enhance co-operation and co-ordination between the authority and real estate developers as part of efforts to simulate the sector.
The forum, which discussed the status and developments in the real estate sector as well as laws and legislation to stimulate and regulate the sector, comes within its framework to enhance direct communication with realty developers, and listen to their opinions and suggestions to develop services, improve performance and advance the realty system in the country in line with Qatar National Vision 2030.
The forum witnessed the participation of Khalid bin Ahmed al-Obaidli, chairman of Aqarat, and a large number of real estate developers and executive directors of major real estate development companies in the country in addition to an elite group of experts from inside and outside Qatar.
Al-Obaidli stressed on the pivotal role in consolidating the partnership between the authority and real estate developers and enhancing the attractive investment environment by organising the sector and developing its services in addition to activating legislation and laws that contribute to the advancement of the real estate sector.
"The forum is an exceptional opportunity to enhance cooperation between the public and private sectors to achieve sustainable development in the real estate sector and meet the needs of the growing market, as well as enhance cooperation and exchange of views and experiences between various parties concerned with the real estate sector," he said.
Mubarak al-Nuaimi, Director of Licensing Affairs at Aqarat, gave a detailed presentation of the most prominent strategic initiatives adopted by it, reviewing the progress made in the initial registration of realty developers, which aims to organise and document real estate development work, in addition to establishing the licensing committee and activating the guarantee account.
He reviewed not only the most prominent initiatives launched by the authority such as the real estate investment map and automation of services but also its vision regarding organising the third edition of the Qatar Real Estate Forum 2025, which will bring together a group of experts and decision-makers at the national and international levels.
The presentation also addressed the mechanisms for activating real estate development dispute resolution committees to ensure the speed and efficiency of resolving disputes in the sector, in addition to reviewing the realty development journey, starting from obtaining the necessary licences and classifications to digitising the investors' journey, which contributes to enhancing transparency and attracting foreign direct investment.
The challenges and proposals presented by real estate developers during the first forum were addressed and these issues are currently being studied and action plans are being developed to deal with and resolve them in co-operation with the relevant authorities in order to develop the real estate sector.
These initiatives discussed in the forum come within a comprehensive strategy adopted by Aqarat to develop and modernise the legislative and legal framework for the real estate sector which contributes to enhancing its growth and sustainability and achieving the highest standards of efficiency in the real estate market in line with the Third National Development Strategy.

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