The Council of Ministers has approved a draft law regulatingreal estate tokenization and the trading of real estate tokens, together withits draft implementing regulations, in a step aimed at developing thelegislative framework of the real estate sector and making use of moderndigital technologies.

Real estate tokenization refers to converting ownership ofreal estate, or rights in rem attached to it, into secure and tradable digitaltokens, with each token representing a specific share in the property. Thetokens are created, registered, and traded through a licensed platform linkedto the real estate register at the Ministry of Justice.

The real estate tokenization framework will also be subjectto the supervision of a number of competent regulatory authorities, includingthe Qatar Financial Markets Authority, the Real Estate Regulatory Authority,and the Qatar Central Bank.

The draft law aims to expand real estate investmentopportunities and enable participation by a broader range of investors, whileenhancing liquidity in the real estate market, attracting new capital, andencouraging local and foreign investment.

The project comes amid a growing regional trend toward realestate asset tokenization, as seen in the United Arab Emirates, which haswitnessed the implementation of similar models in this field.

The draft law is still atthe legislative stage and has not yet entered into force, pending completion ofthe required legislative procedures and its issuance, and publication.