Yes, you can own property in Qatar; and no, you don’t need to be an Arab national to do so. Owning property in Qatar offers many benefits, including financial freedom and the chance to increase your real estate portfolio. Before you get too excited, it’s important to understand that Real estate can be tricky, especially when you consider how the whole industry works differently depending on where you’re located around the world. Qatar aims to diversify its industrial sectors and has done so in large part by creating and maintaining a welcoming and friendly business environment. Several foreign and domestic companies are present in the country, and there has been an increase in efforts to attract investors, particularly in the real estate sector.
Any Foreign Individual can have freehold ownership and leasehold rights of real estate in the designated areas.
There are 10 areas where foreigners can buy properties:
1. West Bay (Area 66),
2.The Pearl-Qatar (66)
3. Al Khor Resort (74),
4. Rawdat Al Jahaniyah (investment area),
5. Al Qassar (administrative area 60),
6.Al Dafna (administrative area 61), 7.Onaiza (administrative area 63), 8.Al Wasail (69),
9. Al Khraij (69)
10.Jabal Theyleeb (69).
Foreigners who buy real estate in the aforementioned areas will be granted residency and that can also be extended to his/her family. When a non- Qatari citizen purchases real estate, he/she has rights over the structure and the land too, which makes him/her an outright owner. Investing in these areas will lead to 100% guaranteed profit and a new business model in Qatar as well as in the world.
Msheireb (Area 13),
Fereej Abdelaziz (14),
Doha Al Jadeed (15),
New Al Ghanim (16),
Al Refaa and Old Al Hitmi (17),
Fereej Bin Mahmoud (22),
Fereej Bin Mahmoud (23),
Rawdat Al Khail (24),
Mansoura and Fereej Bin Dirham (25),
Umm Ghuwailina (27),
Al Khulaifat (28),
Al Sadd (38),
Al Mirqab Al Jadeed and Fereej Al Nasr (39)
and the Doha International Airport area (48).
In case of a leasehold purchase, it is necessary for the original sponsor to agree to transfer the sponsorship to his/her property. Buyers who don’t reside in Doha, to purchase the property must have a Qatari Visa. When a buyer purchases a leasehold, the sale will take place with the understanding that the lease will last for 99 years, after which time the buyer has the option to renew the lease. Those leasing the property can use it for commercial purposes, live in it, transfer the lease, or rent it out.
Qatar is reviving efforts to make the property market more attractive to foreign residents, investors, and funds. This will have benefits for both domestic and international investors, and contribute to the diversity of the economy. Also, these areas enable a combination of capital development and harmony between developers, owners, and investors, because of the architectural symbolism and which combines different cultures. With this decision, the Qatari real estate market will see improvement and an increase in the volume of real estate transactions.
1. A recent set of regulations will permit property owners with properties valued at more than $200,000 and $1,000,000 to obtain residence permits, and citizens of non-allied nations to apply for citizenship, respectively, Encompassing healthcare, education, and investment in commerce.
2. The confidence and adaptability of a foreign investor are further increased as there is 100% Foreign Ownership in all Sectors.
3. Also, after meeting all Qatar’s obligations, one can send the earnings made as a foreign investor back to their home country.
4. There is zero tax on personal income.
5. Qatar has had a robust engagement with the international community in terms of entering into international treaties with over 60 countries. This increased integration has been good for Qatar and its economic growth. Because of this, making investments in the economy is very profitable and secure.
6. It is Qatar’s goal to provide all of its residents with an attractive standard of living. The process has become much easier now that the government has taken steps to create a fair playing field for both citizens and non-citizens to obtain employment opportunities as well as run personal businesses.
It all depends on the location of the property, but here are the average prices:
The Pearl: between QR 12,000 to QR 25,000 sq. per meter
Najma and Monsoura: between QR 5,500 to QR 6,500 sq. per meter
Al Sadd: Between QR 7,500 to QR 8,500 sq, per meter
Who doesn’t want year-round sunshine, fine food, beaches and desserts wherever you look, high standards of living, tax-free income? It will all come running to you if you decide to invest in Qatar! An increasingly vibrant economy in Qatar has created new ways to make investing more profitable and beneficial to citizens as well as foreigners.