Activation of the Real Estate Sector Regulation Law to Enhance Sustainability and Transparency
Doha, April 29, 2025
The General Authority for Real Estate Sector Regulation – Aqarat announced today in a press conference the activation of the provisions of Law No. (6) of 2014 regarding the regulation of the real estate sector. This initiative is part of its ongoing efforts to develop the sector and enhance the investment environment in alignment with Qatar National Vision 2030.
His Excellency Engineer Khalid bin Ahmed Al Obaidli, Chairman of the Authority, emphasized that this step represents a qualitative leap in promoting transparency, protecting the rights of all parties, and organizing the real estate market according to the highest standards. The initiatives include the launch of preliminary registration for real estate developers, the establishment of licensing and real estate development dispute resolution committees, and the issuance of real estate development escrow account guidelines in collaboration with the Qatar Central Bank.
His Excellency explained that the Authority will begin licensing real estate developers and development projects based on strict criteria to ensure the credibility and efficiency of the market. This will be accompanied by enhanced regulatory oversight to ensure project implementation and developer compliance with approved requirements and specifications to protect the rights of all stakeholders.
The conference also witnessed the signing of strategic Memorandums of Understanding with GMG Holding Group and Commercial Bank, in support of efforts to strengthen public-private partnerships and develop the real estate investment environment.
Sheikh Jaber bin Mansour Jaber Al Thani, CEO of GMG Holding Group, stated:
“On this occasion, we express our appreciation for the efforts made by the Authority in regulating the real estate sector. We value the steps that reinforce and establish a sustainable investment environment, supported by clear legal frameworks that enhance trust and transparency between developers and investors. This contributes to the success of real estate projects that meet the needs of society.”
Sheikh Ali bin Abdullah Al Thani, Assistant General Manager and Head of the Government Sector at Commercial Bank, added:
“In line with our vision to support the national development journey, Commercial Bank is proud to be the first bank in Qatar to introduce the real estate escrow account in cooperation with the General Authority for Real Estate Sector Regulation (Aqarat), in a step that enhances transparency, builds trust, and drives the sector toward sustainable growth.”
His Excellency Engineer Khalid bin Ahmed Al Obaidli concluded his remarks by reaffirming the Authority’s full commitment to establishing a fair and transparent investment environment and advancing toward a strong and sustainable real estate sector that supports the country’s aspirations for economic diversification and comprehensive development.
He affirmed by saying:
“Together, we are not only building projects, but we are shaping the future of our nation and laying down a legacy of progress, innovation, and prosperity.”
