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DOHA: The Regency Group Holding yesterday launched “Escrow International” , the first company of its kind in Qatar that will provide high quality real estate services to its customers.
The company promises to offer safe and reliable transactions and transfer of property from seller to buyer within the country. The company will be overseen by Al Asmakh Real Estate Development Company, the realty arm of the Regency Holding Group.
In addition, Al Asmakh Real Estate Development has started a professional division for property valuations and real estate research. The department consists of expert professionals from various disciplines.
The industry diversity and depth provides a multi-dimensional approach to valuations in Qatar. The firm will carry out valuations of all real estate assets including residential, commercial, retail, industrial, hospitality and special uses such as hospitals and schools. All the valuations are carried out in accordance with the standards set by the Royal Institution of Chartered Surveyors (RICS) and International Valuation Standards (IVSC).
Commenting on the role of the new company Fadi Barakeh (pictured), General Manager, Al Asmakh Real Estate Company, said: “We will provide safe and secured real estate transactions, thereby facilitating the transfer of real property with ease and help in reducing losses and financial risks that customer may face”.
“We as a third party, or neutral for both parties, will take all necessary measures to complete the real estate transaction between the seller and the buyer no matter how big the value or complex the deal may be according to the highest standards of transparency and professionalism without discrimination between the parties concerned.” On the possible clients that the company is likely to provide its services, Fadi said, “we are looking at offering our services to the Ministry of Municipality and Urban Planning, Civil Defence, Qtel, Kahramaa and all property developers”.
He said the company will also offer assistance in registration of property, reviewing building permits or property, review statements of leases, check the status of tenants , in addition review and follow up on insurance of property other related services.
“We are confident that customers, whether they are either from Qatar, regional or international, having their account with Escrow will be definitely benefited from our services,” Fadi said.