Transforming Qatar's Real Estate Landscape with Law Update | Kanebridge News
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Transforming Qatar’s Real Estate Landscape with Law Update

Qatar has announced update to its real estate registration laws, marking the most significant overhaul since 1964.

Mon, Apr 8, 2024 1:05pmGrey Clock 3 min

This significant update marks the debut of digital real estate registration, signaling a pivotal transformation in the country’s property law administration. The Ministry of Justice explains that the implementation of Law No. (5) of 2024, issued by Sheikh Tamim bin Hamad Al-Thani, leads a revolutionary period for public services with the introduction of electronic registration processes for the first time.

This legislation aims to dramatically enhance real estate registration services by leveraging the latest technological innovations. It represents a groundbreaking step since the introduction of Law No. (14) in 1964, aligning with Qatar‘s comprehensive development strategies across various real estate fields.

The Ministry elaborates that the law, with its 55 articles, replaces the old legislation, introducing wide-ranging amendments designed to update and improve service provision in numerous critical areas. These include the realms of real estate registration, record-keeping, documentation, and processes for the adjudication of unregistered property applications. The reforms are geared towards enhancing efficiency, flexibility, and accommodating the broad development of the state and its society.

Sheikh Tamim bin Hamad Al-Thani

Implementing Modern Solutions for Property Management

A pivotal move towards modernization allows for the electronic conduct of real estate registration procedures, ensuring that electronic copies, requests, and transactions are legally valid, just like their paper originals. This effort aims to streamline processes for individuals and legal entities, including companies, facilitating easier access to real estate services.

Protection of citizen rights is a core aspect of the new law, mandating the registration of all transactions that affect ownership rights. The legislation ensures stakeholders are notified through their national address for all actions taken under its provisions. The real estate registration administration is recognized as the definitive authority on ownership, based on entries in the real estate registry.

The law also addresses the technical aspects of property management, such as partitioning and unifying properties, and sets penalties for illegal registration activities. It introduces a reconciliation process for certain offenses, allowing resolution before lawsuit by paying a fine and correcting the violation.

Saeed Abdullah Al Suwaidi, assistant undersecretary for Real Estate Registration and Documentation Affairs

Saeed Abdullah Al Suwaidi, assistant undersecretary for Real Estate Registration and Documentation Affairs, praised the law’s introduction, noting it follows extensive discussions and reviews with stakeholders and legislative authorities.

This effort aims to meet Qatari citizens’ expectations for improved, more convenient judicial services. Al Suwaidi highlighted the comprehensive change designed to satisfy the real estate sector’s needs and citizens’ aspirations by ensuring all legal procedures protect the rights of involved parties during the registration process.

Moreover, the law is integral to Qatar’s national development strategy, aligning with the Qatar Third National Development Strategy 2024-2030 objectives. This strategic direction aims to enhance the country’s investment appeal and develop the real estate sector as a vital economic component.

The Ministry of Justice‘s responsibility to issue executive regulations and decisions will ensure a structured approach to implementing the new legal framework, supporting Qatar’s continued real estate development and legislative progress.



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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.

 

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