Doha:Participants in the fourth Qatar Real Estate Forum have affirmed that Qatar has effectively invested in its real estate sector and is well-prepared for future developments.
According to Qatar News Agency, during a panel discussion, Eng. Mubarak Al Nuaimi, Director of Licensing and Training Affairs at the Real Estate Regulatory Authority (Aqarat), noted the steady growth of Qatar's real estate sector, as evidenced by increased sales and investment. He pointed out the global interest in Qatar's real estate residency, emphasizing the importance of providing clear information about its benefits. Al Nuaimi also mentioned that Qatar has been focusing on regulating the sector through an attractive framework, clear legislation, and oversight by Aqarat.
Al Nuaimi highlighted Qatar's competitive advantages, such as excellent infrastructure, quality education, advanced healthcare, and security. He stressed the need to encourage domestic investment and collaboration with developers to offer diverse property products. Efforts are also underway with banks to enhance credit facilities for real estate financing. Furthermore, Al Nuaimi underscored the role of artificial intelligence in facilitating real estate investment.
Nikki Greenberg, CEO of Real Estate of the Future, discussed Qatar's progress in technology and investment in key foundations for future preparedness. She noted the emergence of autonomous vehicles, service robots, and AI-powered operations as indicators of a new technological era. Greenberg highlighted Qatar National Vision 2030 and the Smart Qatar program as strategic frameworks guiding the country's development towards a smart state.
Greenberg also discussed the shift towards cities planned with an integrated vision, featuring interconnected infrastructure and urban services. She cited the National Museum of Qatar as a project reflecting future aspirations through its architecture and high-quality spaces. Greenberg concluded that investment decisions should focus on building foundations for future growth rather than merely addressing present needs.
