18 Jun, 2020
Where Can Expats Buy Property in Qatar?
Are you looking to buy a property in Qatar, and don’t know where to start?
Here’s an article to brief you on which areas in Qatar are expats permitted to buy properties, conditions of purchase and privileges of property ownership.
The ministerial executive decision of the law opens up promising prospects for foreigners to buy property in Qatar and the utilization of real estate in 26 strategic areas.
Non-Qataris can have freehold ownership of property in 10 areas while 16 areas have been identified where they can use real estate for 99 years.
This comes in implementation of Law No. 16 of 2018 on the regulation of non-Qatari ownership and use of real estate. Under the provisions of this law, non-Qataris may own and use real estate in many areas according to the conditions, regulations and procedures, which shall be determined by a decision of the Cabinet based on the proposal of the Committee for the Regulation of Ownership and Use of Non-Qatari Property – HE the Minister of Justice and Acting Minister of State for Cabinet Affairs Dr Issa bin Saad al-Jafali al-Nuaimi
Privileges of ownership and use of real estate
- Granting residence permit to property owners, without the need of an employer, for property valued not less than $200,000, which is equivalent of QR730,000.
- Granting permanent residence privileges to property owners, with property with the value of not less than $1,000,000 which is the equivalent of QR3,650,000. Privileges includes, Health and education in government institutions within the state, and investment in activities of sectors of national economy.
- In the case of death, of non-Qatari-beneficiary, such right would be transferred to the heirs.
- The privilege of property ownership is extended to non-Qatari companies, in the same areas specified below. In addition, the new law allows real estate investment funds. Applicable to companies established within or outside of Qatar.
Freehold ownership areas
Freehold ownership areas according to Law No.16 of 2018 on Regulating Non-Qatari Ownership and use of Real Estate
|1.||West bay (Legtaifiya)||66|
|3.||Al Khor Resort||74|
|4.||Al Gassar ( Administrative area)||60|
|10.||Rawdat Al Jahhaniya (Investment area)|
|Commercial offices and shops inside commercial complexes|
|Real estate units inside the residential complexes|
Areas where non-Qataris can use real estate for 99 years (Lease hold areas)
Areas for the use of non-Qataris in the real estate sector in the state of Qatar according to Law No.16 of 2018 on Regulating Non-Qatari Ownership and use of Real Estate.
|No||Zone Name||Zone Number|
|2.||Fereej Abdel Aziz||14|
|3.||Al Doha Al Jadeeda||15|
|4.||Old Al Ghanim||16|
|5.||Al Rufaa and Old Al Hitmi||17|
|7.||Fereej Bin Mahmoud||22|
|8.||Fereej Bin Mahmoud||23|
|9.||Rawdat Al Khalil||24|
|10.||Al Mansoura and Fereej Bin Derhem||25|
|15.||Al Mirqab Al Jadeed and Fereej Al Nasr||39|
|16.||Doha International Airport Zone||40|
WHY INVEST IN QATAR?
- Qatar will host for FIFA World Cup 2022
The combination of Qatar’s rapid development and growth in the real estate industry and as the country prepares to hosts FIFA World Cup 2022, have encouraged many foreign investors to invest in future projects. As a result, more interest is being recorded when it comes to buying apartments in Qatar, especially after more areas have opened up for foreign ownership.
- Great Project offers in Qatar’s most sought after properties, Lusail City
Of course, while The Pearl still remains on top of buyers’ minds, more interest has been recorded in Lusail and its many different districts. Known as the future city of Qatar, Lusail offers residents brand new apartments for sale as well as villas, which are located in Qatar’s most recent development project.Lusail City is the first and largest sustainable city in Qatar. It personifies the Qatar vision 2030, its ambitious and ground-breaking concepts makes the country’s tomorrow more sustainable, smarter, and more aligned with its natural surroundings.We are offering Flexible Payment plan, Monthly instalments, Ownership for Qataris & Non-Qataris on our Lusail projects. Click the link at the end of this article to know more about the projects.
- The new law has opened doors for Non-Qatari’s to Purchase both Apartments and Villas
In previous years, the most prominent areas for property sales were The Pearl, West Bay and West Bay Lagoon. One of the most important factors of the law is that the areas open for property purchases to foreigners also include central Doha, which offers more villas than the previously mentioned locations.
- Property price decrease
Between July-December 2019, a price decrease was observed across the real estate market and an increase in the number of transactions recorded. Areas with price decrease includes: West Bay Lagoon, Lusail and the pearl for apartments and Abu Hamour, Al Duhail , Al Wakair and Al Kharaitiyat for Villas.
- Expat friendly environment
According to the Qatar Statistics Authority, three-fourths of Qatar’s population are comprised of foreigners.
WHY HIRE MIRAGE PROPERTY?
Mirage International Property consultants have been active in the local and international real estate market for 16 years. We not only specialize in International and Local Sales, but also in Leasing, Property Management and Facilities management.
Our commitment in providing intelligent real estate solutions have been reflected in our continuous pursuit to implement and uphold an effective Quality, Health, Safety and Environment Management System in line with international standard requirements. Moreover, MIPC is a member of the Association International Property Professionals (AIPP) since 2011, an official trade association for the international property industry based in the United Kingdom. Furthermore, as of December 2019 MIPC proudly received its official accreditation of ISO 9001, ISO 14001 and ISO 45001 certification.
What other reasons do you need?
Become a property owner in one of the most sought after and profitable locations!
Click the link to view our properties for sale or directly book a free consultation!
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