According to UDC, the real estate registration law heralds a new era of prosperity for the private sector
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, is a strong advocate for the digitalization of property registration processes. This commitment underscores our belief in the potential of digital transformation to significantly benefit the private sector, particularly within real estate development.
In a recent statement, the company highlighted the significance of Law No. (5) of 2024, which regulates real estate registration and fosters an environment conducive to attracting foreign investors and boosting local sales. This measure simplifies the buying and selling processes, elevating transparency and credibility.
The company is proud to play a role in the new property registration law, which introduces innovative provisions to protect the rights and properties of citizens, residents, and investments. This law is a testament to Qatar’s dedication to enhancing legislative frameworks that foster economic growth and investor trust, ensuring a secure and prosperous future for all.
Additionally, UDC underscored the significance of digital transformation in aligning with Qatar’s National Development Strategy 2024-2030. It highlighted the amendments to property registration laws as evidence of Qatar’s progressive efforts to realize its national vision and strategic development objectives.
Law No. (5) of 2024, recently issued to regulate real estate registration, marks a significant step forward in enhancing real estate registration services in the country. This measure, the first of its kind since the issuance of Law No. (14) of 1964 aligns with the country’s comprehensive development across various sectors.
The law aims to advance future trends in the real estate sector by facilitating citizens’ access to registration services through the latest technological means while incorporating industry best practices.
