In a significant leap towards transparency and innovation in Qatar’s real estate sector, the Ministry of Municipality has unveiled a revolutionary Real Estate Platform, offering precise data and comprehensive statistics for industry stakeholders.

Introduced at Expo 2023 Doha in a ceremony presided over by Municipality Minister H E Dr. Abdullah bin Abdulaziz bin Turki Al Subaie, the platform integrates over 80 indicators derived from the complete linkage of every relevant national system in its initial phase. A centralized platform featuring multiple interactive screens now serves as the home for these indicators.

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Ministers of Justice (H E Masoud bin Mohammed Al Amri) and Communications and Information Technology (H E Mohammed bin Ali Al Manna) joined other senior officials at the inaugural event, highlighting the platform’s strategic importance.

Emphasizing the need for transparency in Qatar’s real estate industry, the Minister of Municipality expressed gratitude for the collaborative efforts of intelligent leadership and the public and private sectors. The platform, he asserted, will empower local and foreign investors with essential data and amenities, with plans to introduce additional services based on stakeholder feedback.

Eng. Tariq Juma Al Tamimi, Director of the Technical Office at the Ministry of Municipality, revealed that the platform aligns with the real estate sector development strategy outlined in Amiri Decree No. 28 of 2023, establishing the General Authority for Real Estate Sector Development.

The first phase of the platform’s development involved creating over 80 indicators for real estate stakeholders through full system linkage. Al Tamimi emphasized that this phase lays the groundwork for a qualitative shift in the platform’s final development, with indicators displayed across multiple interactive screens within a unified platform.

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The platform’s commitment to accurate and trustworthy data aims to enhance transparency, facilitate efficient decision-making, and provide organizational access to data and statistics for all real estate industry participants. Key indicators such as rent, mortgages, and sales will be accessible, allowing stakeholders to scrutinize average prices, conduct year-on-year comparisons with complete transparency, and access a list of approved real estate brokers.

The project’s subsequent phases will involve forging connections with additional governmental and private partners to enhance data accuracy and expand service offerings. The third phase aims to directly provide all Real Estate Authority services through the platform, marking a transformative stride in Qatar’s real estate technology landscape.

With its holistic approach, the Real Estate Platform signifies Qatar’s commitment to becoming a global leader in real estate technology, fostering transparency, and propelling the industry into a new era of efficiency.

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