United Development Q P S C : Company Welcomes the Ministry of Justice’s Decision to Register Property Ownership Online
May 02, 2024 at 05:35 am EDT
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Doha, Qatar - 1 May 2024: In response to the recent announcement by the Minister of Justice regarding the online registration of property ownership, United Development Company (UDC), master developer of The Pearl and Gewan Islands, expressed its support and optimism towards this strategic initiative. This decision, which comes as part of the ministry's efforts to modernize and develop its legal and service systems, aligns perfectly with Qatar's vision of digitization and excellence in investor services.
UDC believes that the digitalization 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.
UDC recognizes 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.
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United Development Company QPSC is a Qatar-based company, which is engaged in a number of industry sectors. The principal activity of the Company, along with its subsidiaries, is to contribute and invest in infrastructure and utilities, hydrocarbon and energy, urban development, environment related businesses, marina and related services, fashion, hospitality and leisure, business management, advertising, providing information technology solutions and insurance agency activities, among others. The Company operates thorough the following segments: Urban Development, which includes real estate development and construction activities; Hydrocarbon and Energy, which includes production and sale of chemicals and hydrocarbon materials; Hospitality and Leisure, which includes the investment and development of hotel and leisure facilities, as well as Infrastructure and Utilities, which covers construction and management of district cooling systems and marina activities.