Qatar’s Shura Council has approved a draft law to make changes to the country’s real estate development regulatory laws. This was announced at the Shura Council’s regular weekly session in Tamim bin Hamad Hall on Monday. The session was led by the HE Speaker of the Shura Council Hassan bin Abdullah Al Ghanim.
APPROVAL OF DRAFT LAW COVERING REAL ESTATE DEVELOPMENT
The Council approved a draft law revising certain sections of Law No. (6) of 2014 regarding real estate development. This occurred after a review of the Legal and Legislative Affairs Committee's report and a discussion between the Council members.
The draft law proposed some changes to definitions of terms and phrases within the draft. Additionally, it proposed the establishment of two registers. One would be for those with a real estate development license and the other for those in the profession.
APPROVAL OF DRAFT LAW COVERING DEFINITION CHANGES
The amendments to Law No. (6) of 2014 also changed definitions related to real estate developers. They set out the developer's duties and managed the relationship between the developer and the bank. This included the need for opening an account in an agreement between the two, with both parties agreeing to the rights and obligations of each.
The changes included requiring the developer to submit a statement of project expenses. This grants the employees of the Real Estate Regulatory Authority judicial authority. Then it also creates a 'licensing committee'. This committee handles issuing licenses for real estate development, and developers. But it also issues licenses for companies managing and maintaining real estate construction.
OTHER APPROVED AMENDMENTS
The Council also approved a draft law amending certain provisions of Law No. (24) of 2006. This law concerns Fertilizers and Agricultural Soil Improvers in GCC countries. This was after the government referred the report of the Services and Public Utilities Committee to the Council for review.
But, the Council agreed to continue the work of the Cultural Affairs and Information Committee. This is to consider a proposed law on documents and archives.
At the end of the session, the HE Speaker of the Shura Council addressed the proposal submitted by a member of the Council. This proposal related to the Shura Council requesting the inclusion of an emergency clause on criminalizing contempt for religions and spreading hatred among Qatar’s population. This also involves supporting the values of coexistence, tolerance, international peace, and security. These will be discussed on the agenda of the 146th General Assembly of the Inter-Parliamentary Union, taking place next March.
WANT MORE REAL ESTATE INSIGHT?
Subscribe to the Cityscape newsletter here