The Real Estate Platform of Qatar, which provides exact data and statistics about the real estate industry, was introduced by the Ministry of Municipality.
In the initial stage of the real estate platform project, every relevant national system was fully linked, leading to the creation of over 80 indicators for real estate industry participants. A single central platform houses multiple interactive screens that display the indicators.
At a ceremony held at Expo 2023 Doha, the platform was inaugurated by Municipality Minister H E Dr. Abdullah bin Abdulaziz bin Turki Al Subaie.
Along with other senior officials, Ministers of Justice (H E Masoud bin Mohammed Al Amri) and Communications and Information Technology (H E Mohammed bin Ali Al Manna) attended the event.
Regarding the platform, the Minister of Municipality emphasized how crucial it is to attain transparency for the nation’s real estate industry, cheering the direction of intelligent leadership and the collaboration of the public and private sectors.
He claimed that by offering adequate data and the required amenities, this platform helps local and foreign investors on their journey.
“It will add other services in the future based on evaluating the opinions of stakeholders, making it a comprehensive and effective tool for stakeholders, enhancing Qatar’s role as a leading country in the field of real estate technology,” said the Minister.
The platform intends to improve the implementation of the real estate sector development strategy by Amiri Decree No. 28 of 2023, which establishes the General Authority for Real Estate Sector Development, according to Eng. Tariq Juma Al Tamimi, Director of the Technical Office at the Ministry of Municipality.
“The first phase of the real estate platform project included the development of more than 80 indicators for stakeholders in the real estate sector through full linkage between all relevant systems in the country,” said Al Tamimi.
He added that this stage serves as the foundation for achieving a qualitative shift in the platform’s final development and that the indicators were dispersed across multiple interactive screens within a single, unified platform.
With accurate and trustworthy data, the platform seeks to increase transparency and enable efficient decision-making. Additionally, it will make it possible for all parties involved in the real estate industry to view data and statistics organizationally. There will be rent, mortgages, and sales indicators in different parts of the nation. Introducing the necessary procedures will also allow them to know the average prices, compare years with total transparency, and provide a list of approved real estate brokers to the relevant groups.
The project’s second phase will involve establishing connections with additional governmental and private partners to improve the accuracy of data and certain services provided throughout the real estate system. In terms of the third phase, will enable the direct provision of all Real Estate Authority services via the platform.