Signing of the Memorandum of Understanding between the Real Estate Regulatory Authority and Qetaifan Projects

As a continuation of what was previously announced in a past press conference regarding the enforcement of the provisions of Real Estate Development Law No. (6) of 2014 and its amendments, the Authority held a press conference this morning during which a Memorandum of Understanding (MoU) was signed with “Qetaifan Projects” — one of the first real estate development companies to express readiness to comply with the requirements for implementing real estate development projects.

This step comes as part of the Authority’s regulatory role in licensing developers and real estate development projects, and in promoting principles of transparency and accountability in the real estate market.

His Excellency Eng. Khalid bin Ahmed Al Obaidli, President of the Real Estate Regulatory Authority, stated:
“Today, we value the role of Qetaifan Projects as one of the pioneering companies to sign an MoU to comply with the requirements of real estate project implementation and to follow the rules and regulations adopted by the Authority. This reflects their professional commitment and their eagerness to cooperate with the Authority in establishing a well-regulated and transparent real estate environment. This step sets an example for enhancing public-private partnerships in a way that serves the interests of investors, safeguards the rights of buyers, and contributes to the development of a sustainable real estate market aligned with the country’s strategic direction and Qatar National Vision 2030.”

In this context, H.E. Sheikh Nasser bin Abdulrahman Al Thani, Chairman of Qetaifan Projects and Managing Director, stated:
“Since the founding of Qetaifan Projects, we have been committed to adopting the best internationally recognized practices in real estate development, stemming from our belief in the importance of applying transparency and professionalism standards throughout all stages of real estate development — from market study to project completion. Signing the MoU today with the Real Estate Regulatory Authority crowns this approach and reflects our institutional commitment to this sector in a way that benefits both investors and consumers alike.”

He added:
“We are confident that this cooperation will contribute to fostering more credibility and transparency in the real estate market, in line with the state’s goals to advance this vital sector and create a successful and attractive investment environment for both local and international capital.”

The Real Estate Regulatory Authority affirms its continued commitment to strengthening partnerships with real estate developers to ensure compliance with laws and regulations governing the market. The Authority also continues its efforts in supporting projects that meet regulatory requirements and calls on all developers to follow these initiatives to ensure a safe and sustainable real estate environment.