Aqarat Hosts Real Estate Brokers Forum To Advance Realty Sector

Doha, Qatar: The Real Estate Regulatory Authority (Aqarat) recently hosted the first Real Estate Brokers Forum in collaboration with Property Finder. The forum aimed to enhance cooperation between the public and private sectors to advance the real estate market.

The forum was attended by Minister of Justice and Minister of State for Cabinet Affairs H E Ibrahim bin Ali Al Mohannadi; Minister of Municipality H E Abdullah bin Hamad bin Abdullah Al Attiyah; Chairman of Aqarat Eng. Khalid bin Ahmed Al Obaidli; and Undersecretary of the Ministry of Justice (MoJ) H E Saeed Abdullah Al Suwaidi.

The forum provided an ideal platform to strengthen market regulations and support investment growth, while reaffirming the government's commitment to promoting a regulated and consistent real estate ecosystem.

About 600 real estate professionals attended the forum to discuss key developments and address the challenges facing real estate brokers. The discussions aimed to enhance growth and sustainability of the real estate market, ensuring the highest standards of efficiency in line with the Third National Development Strategy. The forum sought to improve communication between regulatory bodies and real estate brokers, identify solutions to the challenges facing the sector, and review real estate regulations and legislation to enhance the work environment.

The MoJ Undersecretary underscored the importance of enhancing partnerships among key stakeholders in the country's real estate sector.

He highlighted that, given its legal and regulatory expertise in managing the sector, the MoJ is committed to developing and leveraging these partnerships to meet the expectations of real estate stakeholders. The goal is to maximize the benefits of regulations and decisions issued in this field, whether in direct real estate investment, property development, or ownership and usufruct rights for both Qatari and non-Qatari investors.

In his speech, the Chairman of Aqarat emphasised the importance of regulatory development, noting that the forum is taking place amidst global trends reshaping the region, particularly with the growing influx of individuals to the region, especially to the State of Qatar, in search of improved living environments and lifestyles.

This trend has led to an unprecedented surge in demand for a regulated real estate market, supported by a broad base of qualified real estate agents who adhere to the highest regulatory standards, he added. Strengthening Qatar's position as a leading real estate destination depends on establishing an appropriate framework for foreign investment, enhancing investor confidence, and improving the environment for expatriates, Eng. Al Obaidli noted.

Country Manager for Bahrain and Qatar at Property Finder Eng. Khaled Al Saeh emphasised the importance of collaboration to raise the standard of living in the region.

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