Minister of Municipality H E Abdullah bin Hamad bin Abdullah Al Attiyah, Minister of Municipalities and Housing and Chairman of REGA of Saudi Arabia H E Majid bin Abdullah Al-Hogail, Chairman of Aqarat Eng. Khalid bin Ahmed Al Obaidli with other dignitaries during the inauguration of Cityscape Qatar 2025.
Doha, Qatar: Qatar’s real estate sector is progressing at a strong pace, aligned with national goals for sustainable development, digital transformation, and economic diversification. It continues to demonstrate exceptional resilience.
Addressing the panel session entitled ‘Real Estate Policies and Legislation’ during the 3rd Qatar Real Estate Forum, yesterday, President of Real Estate Regulatory Authority (Aqarat), Eng. Khalid bin Ahmed Al Obaidli said, the legislative and legal environment is a fundamental pillar for local and foreign investors.
“We at Aqarat have sought to activate all legislation in a short period since the establishment of the Authority with the combined efforts of our partners from the ministries and concerned authorities in Qatar. We are also discussing with the heads of Gulf authorities to integrate so that these legislations are facilitated for Gulf citizens and investors in any Gulf country,” he added.
The Authority has established an artificial intelligence-powered real estate platform, through which all sales, purchase, and mortgage data are published, and the user is provided with live prices for all completed real estate transactions with ease, Al Obaidli said,
Al Obaidli further explained that modern cities such as Lusail City, The Pearl-Qatar, and Msheireb Downtown Doha, have preserved Qatari customs and traditions while providing a high quality of life for their residents.
Speaking about role of AI in real estate registration, valuation, and governance system, he highlighted the importance of keeping pace with technological developments and noted that some real estate companies are conducting pilot studies to adopt modern technology in real estate operations.
On the other hand, CEO of the Real Estate General Authority (REGA) in Kingdom of Saudi Arabia, Eng. Abdullah bin Saud Al-Hamad said that the real estate sector in the Kingdom has witnessed qualitative transformations over the past period, most notably the legislative transformation within this sector.
He also noted that the new system for non-Saudi real estate ownership was announced and this this system is considered one of the most important pillars of investment in the Saudi real estate sector and will come into effect early next year.
Real Estate Regulatory Authority (Aqarat), Saudi Arabia’s Real Estate General Authority (REGA) signed a MoU
On the sidelines of the 3rd Qatar Real Estate Forum, a memorandum of understanding (MoU) was signed in the presence of Minister of Municipality H E Abdullah bin Hamad bin Abdullah Al Attiyah and Minister of Municipalities and Housing and Chairman of the Real Estate General Authority (REGA) of Saudi Arabia H E Majid bin Abdullah Al-Hogail aiming at enhancing cooperation in legislative and technological fields, as well as aligning national efforts to advance the real estate sector in both countries.
The MoU was signed by Aqarat Chairman Eng. Khalid bin Ahmed Al Obaidli and CEO of REGA Eng. Abdullah bin Saud Al Hammad which outlines cooperation in exchanging expertise and best practices in regulation, legislation, and urban planning, as well as developing technological frameworks to support digital transformation in the real estate market. It also includes coordination at international forums related to the sector.
The forum also saw opening of Cityscape Qatar 2025, a major real estate exhibition showcasing the latest projects from Qatar and the region, with strong participation from both local and international developers.
