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Updates in foreign ownership laws in Qatar now allow foreigners to invest in properties for sale in Qatar and own property in the country. This is largely due to the fact that the Qatari government wants to encourage foreign ownership, especially as it prepares to host the 2022 FIFA World Cup. While some residents take this step as a business deal or investment, some residents also utilize this property as a private home as well, during their time in Qatar. Naturally, expats tend to look for properties for rent in Qatar during their time there, but more and more are choosing to purchase properties, at times, solely for the purpose as an investment opportunity and business deal, while some choose to reside in those homes themselves instead of renting them out. As a homeowner in Qatar, you are automatically granted a residency, which is also passed on to your family members. However, once the property is sold, the residency is canceled.
And because Qatar continues to attract expats from all over the world, more and more effort is being targeted on creating real estate projects and developments; Qatar is quickly becoming one of the most sought after countries in the region for investors and is becoming a valuable place for a business to start up or open. Qatar has all the makings of a metropolitan city, with lavish shopping malls, luxury hotels and leisure activities all available, which has fuel investor interest.
One of the areas that offers a number of properties for sale in Doha is Old Airport Road, which is one of the first and original residential areas in Doha. Many choose to find housing at Old Airport Road as it offers an affordable alternative for quality housing, and is also located in the center of the city. Properties for sale in Copthorne Hotel Doha, Old Airport Road are considered to be central units in the city, with a number of malls, restaurants and more all located in that area. It is considered to be a very popular area with families, largely due to the number of international schools that are located there; as well with young professionals who are not looking to spend a lot on rent. Apartments for sale in Copthorne Hotel Doha, Old Airport Road vary in size, and depending on your needs, you should find the right investment for you and your family. The area is well liked by expats and nationals alike, and since it is a very central location with easy access to all points of interest in Qatar, it won’t be too hard should you go on to rent out the home instead of living in it yourself.
Before making any decisions or signing an agreement, make sure you consult with a lawyer or legal office, and also verify that the property is indeed available for foreign ownership through the Doha Municipality or the Ministry of Justice’s Real Estate Registration Department. This will ensure that the process is as stress free as possible.