For those who settle down in Qatar for the long run, buying property in Qatar is now a valid option. While most expats choose to rent during their time here, there has been an increase in the number of residents who are choosing to invest in property in Qatar. This has also fueled investor interest in Qatar, ensuring that there is continuous progress and development taking place in the country. One of the most important factors to remember is that buying a property in Qatar automatically grants you a residency, which is also applicable to your family members. However, once the property is sold, the residency is canceled. The high interest in Qatar by local, regional and international companies and investors has pushed the government to expand and develop areas across the country, beyond Doha, the capital.
There are a number of areas in Qatar that offer properties for sale, including Al Wakrah, which has developed from a small fishing and pearling village into one of Qatar’s biggest and busiest cities. Al Wakrah has witnessed an immense growth and major development over the past few years and with a population of over 30,000 residents, it is a true testament to the rapid expansion that Qatar is witnessing, and investors continue to expand and develop Al Wakrah, with a constant flow of projects taking place, especially as the country prepares to host the FIFA 2022 World Cup.
Al Wakrah is developing into a full fledged city
Al Wakrah offers residents an insider look into Qatari cultural and tradition, as it is considered to be more of a traditional area, one that includes stunning mosques, old homes and a harbour. It is also home to Al Wakrah fort, considered to be a significant landmark in the country. The city is bordered by the Arabian Gulf on the eastern side, making it a coastal city. Major developments plans are underway for Al Wakrah, which include a park and a country club. A cornice-like water front is also planned, along with a number of hotels, a golf course and a railway station.
Villas for sale in Al Wakrah are a very popular option for families, especially that real estate values continue to raise, specifically in Al Wakrah, as the city continues to expand and progress. Homes for sale in Al Wakrah are certainly a long term commitment, and thankfully for owners, range in size, style and budget, making it easier for you to find exactly what it you are looking for in a home.
For those who are looking for a business opportunity, there are a number of whole buildings for sale in Al Wakrah which are a great investment for any business person. Qatar is certainly a prime example of a booming country, and with the high number of investment opportunities and development projects underway, buying a villa in Qatar is only one way to make an investment for your future.