In a significant move to boost real estate development in Qatar, the General Authority for Regulating the Real Estate Sector (Aqarat) signed a strategic memorandum of understanding (MoU) with Qetaifan Projects. This agreement marks an important step toward enhancing transparency, accountability, and compliance in the real estate sector.
The MoU positions Qetaifan Projects among the first companies ready to meet the regulatory standards for project implementation. This aligns with the Authority’s recent decision to activate provisions from Law No. (6) of 2014 regarding real estate development, including all its latest amendments.
During a press conference, Aqarat Chairman Eng. Khalid bin Ahmed Al Obaidli applauded Qetaifan Projects for its proactive stance. He praised the company’s commitment to complying with legal and regulatory frameworks. This, he noted, shows a strong willingness to cooperate in building a well-regulated real estate sector.
He stressed the importance of this partnership in helping realize the Qatar National Vision 2030. This national vision aims to diversify the economy and promote sustainability. According to the Chairman, such collaborations are crucial to creating a more stable and transparent investment environment.
Furthermore, he confirmed that Aqarat has developed robust regulatory frameworks. These include developer licensing, project monitoring, and protection of all stakeholder rights. He called on other real estate companies to follow this example and contribute to building a trustworthy and resilient real estate market.
From Qetaifan Projects’ side, Chairman and Managing Director Sheikh Nasser bin Abdulrahman Al-Thani highlighted the company’s longstanding dedication to global best practices. He explained that since its inception, Qetaifan Projects has prioritized professionalism and transparency throughout the development process.
He added that this MoU reflects a deep institutional commitment. It aims to enhance real estate development in Qatarand benefits both investors and consumers. He also expressed confidence that this partnership would increase credibility and trust across the market.
Both parties believe the agreement will encourage more developers to align with national regulatory efforts. With continued collaboration, real estate development in Qatar is expected to grow stronger, safer, and more sustainable.
