‘Qatar has invested well in real estate and future’

In Doha, Qatar, participants at the fourth Qatar Real Estate Forum affirmed that the country has effectively invested in the real estate sector and future preparations. Eng. Mubarak Al Nuaimi, Director of Licensing and Training Affairs at the Real Estate Regulatory Authority (Aqarat), noted Qatar's real estate sector is growing steadily, as evidenced by sales and investment increases.

Regarding real estate residency, Al Nuaimi mentioned that Aqarat received numerous international applications, emphasizing the need for clear information on its benefits. He expected the development of a real estate incentives system to help Qatar achieve global rankings in the sector. Al Nuaimi explained that Qatar has been working to regulate the sector by creating an attractive framework, implementing clear legislation, and assigning oversight responsibilities to Aqarat.

Highlighting Qatar's competitive advantages, Al Nuaimi cited excellent infrastructure, quality education, advanced healthcare, and security. He stressed the importance of encouraging domestic investment in the sector, noting that cooperation with developers has provided property products for various societal segments. Work is ongoing with banks to develop credit solutions for real estate financing.

Regarding artificial intelligence, Al Nuaimi explained that efforts are underway to enable investors inside and outside Qatar to easily invest in real estate using AI-powered tools. He stressed that success in today's property market increasingly requires such technology. CEO of Real Estate of the Future, Nikki Greenberg, echoed these sentiments, stating that Qatar has invested in the necessary foundations to prepare for the future and is making notable progress in technology.

Greenberg noted that autonomous vehicles, service robots, and AI-powered operations signal a new technological era, and Qatar is laying the groundwork to prepare for it.