Are you looking to buy a property in Qatar, and don’t know where to start?
Are you considering purchasing a property in Qatar? Whether you’re an expatriate or an investor, understanding the local rules and opportunities for property ownership is crucial.
In this comprehensive guide, we’ll explore the latest regulations that allow non-Qataris to own and utilise real estate in Qatar’s dynamic market.
The recent ministerial executive decision No. 28 of 2020 of Law No. 16 of 2018 has paved the way for promising prospects for foreigners interested in purchasing property in Qatar. This law determines areas where expats can buy properties, outlines conditions of purchase, and highlights the privileges of property ownership.
Under this law, non-Qataris can attain freehold ownership in designated areas and leasehold rights for 99 years in other strategic locations. The implementation of this law underscores the government’s commitment to fostering a conducive environment for foreign investment.
Privileges of Ownership and Use:
Residence Permit for Property Owners:
Non-Qatari property owners can obtain a residence permit without an employer’s sponsorship if the property is valued at not less than $200,000 (QR 730,000). This permit allows individuals to live in Qatar and enjoy the benefits of residency, provided that the residence period thereof in the State shall not be less than (90) days a year, whether continuously or intermittently.
Permanent Residence Privileges:
Property owners with investments of not less than $1,000,000 (QR 3,650,000) are eligible for permanent residence privileges, provided that the residence period thereof in the State shall not be less than (90) days a year, whether continuously or intermittently. These privileges include access to health and education services at government institutions and the opportunity to invest in various sectors of Qatar’s national economy without the need for a Qatari partner.
Inheritance Rights
In the event of the death of a non-Qatari property owner, the right of ownership and associated privileges are transferred to the heirs, ensuring continuity of benefits.
The law designates specific areas for freehold ownership and leasehold rights, providing investors with a comprehensive understanding of their investment options. From the vibrant West Bay to the burgeoning Lusail City, Qatar offers diverse opportunities for property investment.
Freehold Ownership Areas:
3.
Al Khor Resort
74
5.
Al Kharayej
69
6.
Jabal Thuaileb
69
7.
Al Dafna
60 & 61
8.
Onaiza
63
Additionally, non-Qataris can own real estate units inside residential complexes and commercial offices and shops inside commercial complexes.
Leasehold Areas (99-year lease):
1.
Mushaireb
13
2.
Fereej Abdel Aziz
14
3.
Al Doha Al Jadeeda
15
4.
Old Al Ghanim
16
5.
Al Rufaa and Old Al Hitmi
17
6.
Slata
18
8.
Rawdat Al Khalil
24
11.
Umm Ghuwailina
27
12.
Al Khulaifat
28
14.
Al Mirqab Al Jadeed and Fereej Al Nasr
39
15.
Doha International Airport Zone
48
Why Invest in Qatar?
Qatar has enhanced its appeal to foreign investors with Cabinet Resolution No (28) of 2020, which offers more areas for investment, including commercial properties, and the expansion of Freehold areas. Notably, Lusail is now included in the Freehold list, making it an attractive option for foreign investors. The city embodies the Qatar Vision 2030, offering sustainable and smart living options.
Economic Stability and family friendly:
Qatar offers a stable and resilient economy, with a strategic location that serves as a gateway between East and West. The state has been considered one of the top places to live and work in the Middle East, and with the country’s booming economy thousands of expats from around the world move here each year.
High standard of living:
Qatar offers a high standard of living with a variety of facilities guaranteeing its residents’ wellbeing and safety, high standard education for children, modern medical facilities and a wide range of accommodation options.
Global Connectivity:
The nation is recognized as a major international hub with future-ready digital and physical infrastructures. This global connectivity enables international investors to benefit from a seamless flow of trade and capital.
Political Stability and Growth:
Qatar is known for its political and economic stability. For the last few years, the Gulf state has been concentrating its strategic efforts to creating a business and investment-friendly environment.
Tax Efficiency:
Qatar has an efficient corporate tax system and the absence of personal income tax, making it financially attractive for investors. It was ranked third in the World Bank’s Doing Business report for the impact of tax on business.
Investment with Mirage International Property Consultants
Ready to start your Qatar property investment journey? Partner with Mirage International Property Consultants to navigate the complexities of real estate acquisition seamlessly. With 20 years of expertise in both local and international markets, we specialise in International and Local Sales, Leasing, Property Management, and Facilities management.
Our expert team stands ready to assist you in making informed decisions and leveraging the latest legislative changes to secure property in Qatar’s most lucrative locations. Whether you’re an expatriate seeking a new home or an investor eyeing promising opportunities, Mirage International Property Consultants is your trusted partner for success in Qatar’s dynamic real estate landscape.
