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 the ability the ability to purchase property for investment or ownership in Qatar.
The Qatar constitution has altered to allow foreign 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.
While nothing in investing is certain many international property investors see Qatar offering at least as much potential as Dubai and as supply is not as ready available as other UAE regions Qatar may well be a solid prospect on many levels.
Taking its place on the worlds stage. Qatar is an independent Arab state, embracing the future with unswerving optimism and enviable potenital. A member of the GCC, PEC, The United Nations, The International Monetary Fund, The International Bank for Reconstruction & Development and the World Trade Organization, Qatar has achieved within decades what other countries take centuries to accomplish. Situated at the heart of the Arabian Gulf, Qatar is in close proximity to Saudia Arabia, Bahrain, United Arab Emirates and Iran. Almost completely surrounded by Sea, Qatar is a fascinating, well preserved, natural and historical site, hence an ideal family location and a very safe place to visit, live and work and purchase a Qatar Property. |
