Business
UDC welcomes Ministry of Justice decision to register property ownership online
May 01, 2024 | 10:54 PM
United Development Company (UDC), master developer of The Pearl Island and Gewan Island, has expressed support and optimism towards HE the Minister of Justice and Minister of State for Cabinet Affairs Ibrahim bin Ali al-Mohannadi’s recent announcement regarding the online registration of property ownership.This decision, which comes as part of the ministry’s efforts to modernise and develop legal and service systems, aligns perfectly with Qatar’s vision of digitisation and excellence in investor services, UDC emphasised in a statement."UDC believes that the digitalisation of property registration procedures will significantly benefit the private sector, particularly in the real estate development industry. This move will not only attract more foreign investors but also enhance local sales by streamlining procedures and promoting transparency."The new law governing property registration introduces several innovative provisions aimed at safeguarding the rights and properties of citizens and residents, as well as enhancing legal protections for investments. It reflects Qatar's commitment to evolving legislative frameworks that support economic growth and investor confidence,” the statement emphasised.It added: "UDC recognises the importance of digital transformation in aligning with Qatar’s National Development Strategy 2024-2030. The amendments to property registration laws are therefore a testament to Qatar’s progressive approach towards achieving its national vision and strategic development goals."By embracing digital solutions, UDC anticipates a smoother and more efficient property registration process, which will ultimately contribute to the overall growth and sustainability of the real estate sector in Qatar.”
May 01, 2024 | 10:54 PM