Tuesday, 02 January 2024 12:17 GMT

Aqarat Committed To Enhance Real Estate Investor Experience


(MENAFN- The Peninsula) Deepak John | The Peninsula

Doha, Qatar: The Real Estate Regulatory Authority – Aqarat is committed to improving the investor experience, enhancing transparency, and increasing service efficiency-contributing to economic growth and the diversification of the national economy.

Aqarat organised, yesterday the 'Real Estate Investor's Journey in Qatar' forum to enhance ease of procedures and explore growth opportunities. The forum saw wide participation from government entities, real estate developers, brokers, banks, and a number of local and international investors. The event comes as part of the Authority's ongoing efforts to develop an integrated and attractive investment environment.

Eng. Khalid bin Ahmed Al Obaidli, Chairman of the Real Estate Regulatory Authority delivered the opening remarks.

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In a video presentation shown during the event the vision of the Real Estate Regulatory Authority was highlighted. The presentation elaborated how Aqarat is driven by providing a modern digital solution that facilitates access to reliable real estate data and supports investors and decision makers with accurate information that helps with decision making on clear foundations.
As part of Qatar's efforts to enhance transparency in the real estate sector, the Real Estate Regulatory Authority has launched the Qatar Real Estate Platform as a trusted source for real estate information and data.

The platform contributes to achieving data integration among government entities, strengthening trust in the sector.

The forum showcased the real estate investor's journey, which aims to digitise the entire property purchasing process in Qatar through a unified platform. The initiative is designed to create a conducive environment for attracting foreign direct investment, as well as to enhance transparency and facilitate access to information about the real estate sector. The journey was developed in collaboration with the Civil Service Bureau, the Ministries of Interior and Justice, and other government agencies and partners to ensure coordination and integration of efforts.

The event highlighted joint efforts between the Authority and its strategic partners to develop a unified digital portal. This platform is intended to enable investors to complete all procedures smoothly and efficiently-from the moment they decide to invest in property until the completion of all related transactions.

Addressing the forum, Eng. Mubarak Al Nuaimi, Director of the Licensing Department at the Authority, outlined the stages of the investor's journey-from exploring and researching investment opportunities, to the process of property purchase and registration. He demonstrated how redesigning this journey has made it more seamless and effective, aligning with investor expectations and digital advancements in the real estate sector.

Meanwhile Hussein Kamal presented the mechanisms of using the Authority's digital real estate platform, explaining how investors can benefit from smart search tools that provide accurate data on locations, prices, and surrounding services-thus enabling informed investment decisions in a transparent digital environment.

Eng. Tarek Meziane highlighted the innovation and digital transformation segment and gave a presentation on the use of artificial intelligence tools and interactive maps. He showed how these technologies enhance user experience and provide a comprehensive visual overview of market activity, allowing investors to analyze data and make decisions based on accurate and updated indicators.

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