The Qatar Chamber’s committee on real estate has called for permanent laws and regulations for the real estate market.
In a recent meeting, chaired by Abdulrahman Abduljaleel Abdulghani, Qatar Chamber (QC) board member and head of the committee, members stressed the need for stricter new laws to regulate the relationship between landlords and tenants and devise a deterrent mechanism to nip manipulation in the property market.
The committee unanimously agreed that rental rates are exaggerated and unjustifiable and they reflect negatively on other sectors and commercial services.
According the committee, the trend of high renal rates has also spread to Doha’s outskirts, which earlier were considered to be low-rent areas.
The committee members felt that leaving the market to the supply and demand norms would give more room for manipulation and exploitation.
The members also discussed the recommendations of the Advisory Council regarding reducing the annual increase of rental rates of real estate units.
Further, they felt the need for more commercial streets in various areas around the country, equipped with comprehensive service infrastructure to revive economic activities.
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