Qatar presents a viable solution to investors and private owners and continues to provide excellent growth

Qatar has followed Dubai’s example in offering ownership of property to foreigners in select areas in Qatar. Many areas have been opened up to property leases by non-GCC nationals, on a 99-year renewable basis. Non-GCC nationals who lease can use the properties commercially or for their own benefit, transfer the lease to another party, sublet or rent. Many projects offer a 99-year lease, coupled with residency rights for non-GCC citizens.

As Qatar moves its economic dependence away from oil and gas the government have begun creating openings and introduced incentives that have attracted many international businesses to the country. This has had significant affect on the local economy and has created an environment of growth and prosperity long-term. Many overseas professionals who have relocated to the region have significant purchasing power and have demanded freehold property to purchase in Qatar.

The Qatar constitution has altered to allow foreign freehold ownership and hence the creation of a viable and competitive property sector in Qatar. Property being built is on par with that being constructed in Dubai. High spec and high rise are the main features and as mentioned the majority of buyers and renters of these properties are expatriate professionals.