IPA Qatar to hold virtual event on latest real estate reforms
22 Feb 2021 - 8:22
The Peninsula
Doha: To navigate the unprecedented property ownership opportunities now available to international investors and individuals in Qatar, the Investment Promotion Agency Qatar (IPA Qatar) is organizing a special virtual event titled ‘Spotlight on Qatar’s Real Estate Market Reforms’ tomorrow. The event will be held in collaboration with the Ministry of Justice (MoJ), the Ministry of Municipality and Environment (MME), Qatari Diar, United Development Company (UDC), and Sotheby’s International Realty.
Talks of anticipated growth in Qatar’s real estate market have been intensifying following the issuance of the Council of Ministers’ Decision No. (28) of 2020 on the ownership and use of real estate in the country, which scaled up eligible properties geographically and introduced a range of sought-after privileges to real estate investors for the first time.
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The Law Amending Electricity Market Law and Other Laws numbered
7257 was published and entered into force on 2 December 2020
(
Omnibus Law ). The Omnibus Law
introduced important changes in the Law No. 5346 on Utilization of
Renewable Energy Sources for the Purpose of Generating Electrical
Energy (
Renewable Energy Law ). Main
amendments are as follows:
Changes in the Definitions:
The Omnibus Law changed the provision where the definitions are
made in the Renewable Energy Law: The definition of renewable
energy sources does not include gas obtained from
biomass anymore. On the other hand, the municipality