For those who settle down in Qatar for the long run, investing in property in Qatar is 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 buy a villa in Qatar. One of the most important factors to remember is that buying 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.
While this is an exciting move, there are a number of factors to consider before doing so. Of course, budget is the number one factor that comes to mind, as well as location, space and style. While you might consider using the property for your own personal use, there are many residents that now look at buying properties in Qatar as an investment and solely as a business deal. And while there are number of properties for sale in Doha, the county’s capital and all around hub, more and more residents and investors are looking away from the city limits and investing in other cities in Qatar, especially as the government is placing an increased effort in expanding the cities of the country.
One of those areas is Al Wakra, which is located on the eastern side of Qatar, just south of Doha. The city was originally a small fishing and pearling village, but over the years, it has devolved into a big town with a population of more than 30,000 and it is considered to be one of the major cities in Qatar and is home to Barwa Village, one of the most popular residential areas in the city.
Al Wakrah is developing into a full fledged city
Spread out over 400,000 square metres, Barwa Village consists of 18 low-rise commercial and residential complexes that offer 918 retail units, 96 studio apartments, 262 one-bedroom apartments and 100 two-bedroom apartments. The area and compounds is considered to be very budget friendly, and is very popular with medium income families and individuals, who are looking for excellent quality housing that won’t break bank.
Investing in Barwa Village is a very smart choice, as more and more people are shifting away from Doha and venturing out into other areas. There are a number ofvillas for sale in Barwa Village, ranging from 3 to five bedroom homes. All homes on offer are spacious and neatly kept. Facilities are also available on site, including playgrounds and swimming pools. The area is largely considered as a gated community, and residents of Barwa Village can easily create friendships and bonds with compatible neighbors.
Once you’ve found the right property for sale in Qatar, it is advisable to seek the services of legal professional. Foreign ownership in Qatar has specific laws and regulations, so an experienced lawyer or legal advisor will ensure that the process of buying an apartment in Qatar follows all necessary laws to protect you, and as well ensures that the process is hassle and stress free.