Now is the time if you have ever thought about investing and getting a stay permit in Qatar. The Investment Promotion Agency Qatar recently established new rules on the conditions, controls, benefits, and procedures for the country’s ownership and use of the real estate.
Foreigners can now buy houses in 25 areas of Qatar, most of them in the surroundings of the capital Doha, nine on a freehold basis, and the rest with 99 years leaseholds. It introduces the ownership of detached units in residential compounds and shopping malls and enhanced residency benefits.
The change announced in September is the latest in a series of measures designed to diversify Qatar’s economy, not depend only on oil and gas, and attract foreign capital for the 2022 World Cup.
This decision is unprecedented, long-awaited in a conservative country. It is useful for both workers and investors who constantly need visas and opportunities for the local business environment.
What are now the conditions to obtain residency in Qatar?
Obtaining residency in Qatar a short time ago was a complex process, and investors needed sponsorship from a Qatari business or individual for residency. But now, things are much simpler for all those interested in obtaining temporary and permanent residence.
A $200,000 property purchase secures temporary residency for the term of ownership, and a $1 million purchase buys the benefits of permanent residency, including free schools and healthcare. Residency can allow many ex-pats to bring their families through these changes and the new rules, including elderly parents.
These situations will naturally create more demand in the real estate market in Qatar, at a time when the health and economic crisis has affected all businesses globally.
What are the areas where who can buy properties for a stay permit?
With the Council’s Decision, Qatar now has 16 usufruct areas with a 99-year term and nine areas that offer freehold ownership. The usufruct right areas include Al Sadd, Msheireb, Fereej Bin Mahmoud, Al Mirqab Al Jadeed, Al Mansoura, Al Salata, Old Al Ghanim, Umm Ghuwailina, Doha International Airport area, and New Doha. Freehold property areas include The Pearl-Qatar, Administrative Districts 60 and 61 in Al Dafna, Lusail, West Bay, Onaiza, and Al Khor Resort.
Now is the right time if you intend to work, live, and invest in Qatar. The advantages were remarkable and difficult to obtain a short time ago.
More resources on how to apply on the Government website:
Need more details about the measure and its implications? Ask for them, our real estate brokers at saakin!
Now is the time if you have ever thought about investing and getting a stay permit in Qatar. The Investment Promotion Agency Qatar recently established new rules on the conditions, controls, benefits, and procedures for the country’s ownership and use of the real estate.
Foreigners can now buy houses in 25 areas of Qatar, most of them in the surroundings of the capital Doha, nine on a freehold basis, and the rest with 99 years leaseholds latest dining table. It introduces the ownership of detached units in residential compounds and shopping malls and enhanced residency benefits.
The change announced in September is the latest in a series of measures designed to diversify Qatar’s economy, not depend only on oil and gas, and attract foreign capital for the 2022 World Cup.
This decision is unprecedented, long-awaited in a conservative country. It is useful for both workers and investors who constantly need visas and opportunities for the local business environment.
What are now the conditions to obtain residency in Qatar?
Obtaining residency in Qatar a short time ago was a complex process, and investors needed sponsorship from a Qatari business or individual for residency. But now, things are much simpler for all those interested in obtaining temporary and permanent residence.
A $200,000 property purchase secures temporary residency for the term of ownership, and a $1 million purchase buys the benefits of permanent residency, including free schools and healthcare. Residency can allow many ex-pats to bring their families through these changes and the new rules, including elderly parents.
These situations will naturally create more demand in the real estate market in Qatar, at a time when the health and economic crisis has affected all businesses globally.
What are the areas where who can buy properties for a stay permit?
With the Council’s Decision, Qatar now has 16 usufruct areas with a 99-year term and nine areas that offer freehold ownership. The usufruct right areas include Al Sadd, Msheireb, Fereej Bin Mahmoud, Al Mirqab Al Jadeed, Al Mansoura, Al Salata, Old Al Ghanim, Umm Ghuwailina, Doha International Airport area, and New Doha. Freehold property areas include The Pearl-Qatar, Administrative Districts 60 and 61 in Al Dafna, Lusail, West Bay, Onaiza, and Al Khor Resort.
If you intend to work, live and invest in Qatar, now is the right time. The advantages were remarkable and difficult to obtain a short time ago.
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