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Doha, July 2 (QNA) - The Real Estate Regulatory Authority (RERA) organized a forum Wednesday.
The forum aims to facilitate procedures and explore growth opportunities in the sector.
This comes as part of its ongoing efforts to develop an integrated and attractive investment environment by improving the investor experience, enhancing transparency, and increasing the efficiency of services.
This will contribute to driving growth and diversifying the national economy.
The forum witnessed broad participation from government agencies, developers, real estate brokers, banks, and a number of local and international investors, emphasizing the importance of coordination between the various stakeholders in the real estate system.
The forum reviewed the Real Estate investor's journey, an initiative that aims to digitize the entire process of purchasing and owning real estate in the State of Qatar through a unified platform.
It also provides an attractive environment for foreign direct investment by facilitating access to information, improving transaction efficiency, and simplifying procedures related to ownership and registration.
This digital journey was developed in collaboration with the Civil Service Bureau and Government Development, the Ministries of Interior and Justice, and several strategic partners from government agencies to ensure integrated roles and accelerate the pace of progress.
The forum highlighted the joint efforts made by the Authority, in cooperation with relevant authorities, to develop a unified digital window that enables investors to easily complete all procedures, from the moment the ownership decision is made until the completion of all related transactions.
In his opening remarks, HE Chairman of the Real Estate Regulatory Authority (RERA) Eng. Khalid bin Ahmed Al Obaidli emphasized that this forum is the culmination of a series of meetings and coordination meetings with relevant authorities.
The aim is to redesign the real estate investor journey in an integrated digital manner, based on the use of Artificial Intelligence (AI) and the unification of databases.
This will contribute to improving the user experience, enhancing transparency, and increasing the efficiency of the real estate business environment in the country.
Director of the Licensing Department at the Authority Eng. Mubarak Al Naimi, gave a presentation outlining the main stages of the investor journey, which begins with searching for investment opportunities and continues until the property is registered and all procedures are completed electronically.
Al Naimi noted that developing this digital journey has contributed to streamlining processes, making them more efficient and faster, in line with the aspirations of local and international investors and the digital transformations taking place in the sector.
The forum provided an interactive platform bringing together stakeholders in the country's real estate sector.
Participants discussed the most prominent legislative and financing developments and reviewed future growth opportunities in the Qatari real estate market, in line with the goals of Qatar National Vision 2030.
The forum also witnessed active participation from banking institutions, which discussed real estate financing mechanisms, the facilities available to investors, and their role in promoting financial inclusion in the sector.
The forum featured dialogue sessions during which a number of investors shared their experiences in owning real estate in Qatar.
They also addressed the most prominent challenges they face and the vital role of government agencies and financial institutions in facilitating procedures and accelerating completion, enhancing the attractiveness of the Qatari real estate market and reflecting the development of its digital and legislative infrastructure. (QNA)
