The Ministry of Municipality and Environment (MME) signed a memorandum of understanding (MoU) Thursday, with Qatari Diar Real Estate Investment Company, regarding a mechanism for transferring the condition preventing the disposal of lands allocated by the state for citizens to private lands in the areas of Al-Khuzama and Al Nafl (Ijarah) and Qetaifan South Islands in Lusail City, or the introduction and mortgage of private lands under the housing regulations.
The MoU was signed in the presence of HE Minister of Municipality and Environment and Acting Minister of State for Cabinet Affairs Abdulla bin Abdulaziz bin Turki al-Subaie. It was signed by the Director of Lands and Survey Department Mohammed Abdulrahman al-Abdullah on behalf of the MME and by the Chief Development and Asset Management Officer Engineer Yousef Abu Bakr al-Musleh on behalf of Qatari Diar.
The signing comes within the framework of the existing co-operation between both sides in the field of developing and allocating land and real estate in the country.
In his speech during the signing ceremony, Director of Lands and Survey Department Mohammed Abdulrahman al-Abdullah stressed that the MME seeks to increase and provide the finest residential areas for the welfare of citizens by ensuring the selection of housing areas for citizens in modern cities that reflect the real estate development in the country and following Qatar's directions in creating modern and sustainable cities in line with Qatar National Vision 2030.
He pointed out that the urban planning sector at the MME will receive citizens' requests to transfer the condition preventing them from disposing of or entering their own lands in exchange for a cash allowance in those areas so that the applicant can benefit from the housing loan in accordance with the conditions and controls in force at the Lands and Survey Department, especially in order to achieve the vision of Qatari Diar in the establishment and completion of all construction works in Lusail City, in line with the housing system.
He added that the Lands and Survey Department will study the beneficiary's request to transfer the condition preventing the disposal of state land to private land in the areas of Al-Khuzama and Al-Nafl (Ijarah) and Qetaifan South Islands in Lusail City, where the applicant is required to submit a copy of the title deed of the plot of land and a copy of the purchase contract for the plot of land located in Lusail City or a waiver agreement, according to the special conditions in force in the MME, and then the request submitted to transfer the condition preventing the disposal or entry of private land is approved in coordination with other competent authorities.
Engineer Yousef Abu Bakr Al-Musleh stressed the keenness of Qatari Diar to provide opportunities for Qatari citizens to invest and live in Lusail City, the largest sustainable smart city in the country. He said the company provided in Lusail City a lot of options and opportunities for residential, commercial and other real estate investment.
Al-Musleh explained that the areas covered by today's agreement are among the most distinguished residential areas within the city and that the opportunity to transfer the condition preventing disposal from state lands to private lands will enable citizens to benefit from housing and construction loans and to live in these areas in the modern city of Lusail, which is characterised by an integrated infrastructure and facilities, diverse and comprehensive services, and this will contribute to advancing the development of Lusail City in general. QNA
The signing comes within the framework of the existing co-operation between both sides in the field of developing and allocating land and real estate in the country.
In his speech during the signing ceremony, Director of Lands and Survey Department Mohammed Abdulrahman al-Abdullah stressed that the MME seeks to increase and provide the finest residential areas for the welfare of citizens by ensuring the selection of housing areas for citizens in modern cities that reflect the real estate development in the country and following Qatar's directions in creating modern and sustainable cities in line with Qatar National Vision 2030.
He pointed out that the urban planning sector at the MME will receive citizens' requests to transfer the condition preventing them from disposing of or entering their own lands in exchange for a cash allowance in those areas so that the applicant can benefit from the housing loan in accordance with the conditions and controls in force at the Lands and Survey Department, especially in order to achieve the vision of Qatari Diar in the establishment and completion of all construction works in Lusail City, in line with the housing system.
He added that the Lands and Survey Department will study the beneficiary's request to transfer the condition preventing the disposal of state land to private land in the areas of Al-Khuzama and Al-Nafl (Ijarah) and Qetaifan South Islands in Lusail City, where the applicant is required to submit a copy of the title deed of the plot of land and a copy of the purchase contract for the plot of land located in Lusail City or a waiver agreement, according to the special conditions in force in the MME, and then the request submitted to transfer the condition preventing the disposal or entry of private land is approved in coordination with other competent authorities.
Engineer Yousef Abu Bakr Al-Musleh stressed the keenness of Qatari Diar to provide opportunities for Qatari citizens to invest and live in Lusail City, the largest sustainable smart city in the country. He said the company provided in Lusail City a lot of options and opportunities for residential, commercial and other real estate investment.
Al-Musleh explained that the areas covered by today's agreement are among the most distinguished residential areas within the city and that the opportunity to transfer the condition preventing disposal from state lands to private lands will enable citizens to benefit from housing and construction loans and to live in these areas in the modern city of Lusail, which is characterised by an integrated infrastructure and facilities, diverse and comprehensive services, and this will contribute to advancing the development of Lusail City in general. QNA