Regulating Real Estate Development in Qatar

Analysis

It is no secret that Qatar is currently undergoing a major construction boom...

It is no secret that Qatar is currently undergoing a major construction boom. It has been reported that Qatar intends to invest an estimated USD 200bn on construction projects and USD 140bn on transportation infrastructure over the next five years. Construction is underway to build new stadia, re-develop the roads, construct a railway system as well as new shopping malls, public open spaces, tourist attractions such as museums and galleries, together with expansion of the hotel industry and the building of housing and apartment towers to accommodate the expected influx of expatriate workers.

As part of the government's initiative to attract investment into the real estate sector, Law No.6 of 2014 (the “Real Estate Development Law”), has been enacted to regulate real estate developers. Prior to the Real Estate Development Law, the legislative framework in Qatar did not comprehensively deal with issues relating to the sale of units in real estate projects that were under construction (“Off-Plan Units”).