Council of Ministers Approves Property Coding Bill
The Qatari government has approved a bill to regulate real estate tokenization and the trading of real estate tokens, aiming to improve the real estate investment environment and support innovation. The law defines the nature of the tokens, the rights of owners, and links them to the real estate system to ensure security and transparency. It seeks to attract investors and diversify real estate products as part of the national development strategy for 2024-2030. The draft law will be posted on the "Sharek" platform for ten days before being referred to legislative authorities.
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