Buying Residential Land in Qatar
With the rapid development that Qatar is seeing, expats and residents are looking to invest in real estate in one of the fastest developing countries in the region, especially with the plans that are underway for the 2022 FIFA World Cup. With the Qatari Government working hard at ensuring that the county is ready for the worldwide event, more and more expats are joining the workforce in Qatar, and are making the move across the world to make Qatar their new home.
With recent law changes in the country and regulations introduced in 2004, expatriates can now purchase property in specific large-scale developments in Qatar – such as The Pearl, West Bay Lagoon and Al Khor Resort Project. It is worth noting that residents who purchase property in Qatar are entitled to a homeowner’s residence permit, which is valid for five years and allows the owner and their immediate family to live in Qatar. Before making an decisions or signing any agreements in regard to owning property in Qatar, we advise that you hire a legal advisor and seek the advice of a legal office when it comes to buying property in Qatar. And while the developer of the property can advise whether it is legal for foreigners to purchase a unit, this should also be verified with Doha Municipality or the Ministry of Justice’s Real Estate Registration Department, or a reputable estate agent. Your legal advisor should be able to walk you through the entire process in detail and ensure that the agreement is legitimate and legitimate, making the process hassle and stress- free.
Purchasing land in Qatar automatically entitles you to a homeowner’s residence permit
One of the most popular areas to buy residential land in Qatar is West Bay Lagoon, which is a beautiful and luxurious waterfront area. It is one of the most serene and quiet areas in Qatar, however, its central location still gives it direct access to West Bay, which is the center of Doha. The area is predominantly filled with luxurious villas and villa compounds, which makes purchasing a land perfect, as you will certainly be with good company should you plan on building your dream house. One of the reasons that make West Bay Lagoon a popular area is the direct access to the sea, which many make use of and take advantage of during Qatar’s warm months.
Another area that makes for a good investment when buying a land in Qatar is The Pearl, which is also a lavish and visually stunning location in Qatar, and is very popular with expats and residents when it comes to finding properties for rent. Buying a land in The Pearl is certainly an investment that will surely pay off, as the area is constantly developing, with new projects being announced regularly. There are a number of different areas in the Pearl, which includes Qanat Quartier, Porto Arabia and Madina Central, with the latter offering a number of restaurants, cafes and entertainment and service facilities to residents of The Pearl, as well as the visitors who frequent the area.
Purchasing property in Qatar is a straightforward and simple process, and is a investment that is worth getting into, as the pay off and results are usually significant!