An update on the most recent real estate reforms in Qatar

09/03/21

Investing in Qatar`s real estate sector is more attractive than ever before due to the recent reforms.

Foreign investors are able to access a wider range of properties in more locations due to a resolution announced by the Council of Ministers in 2020.

To prepare and provide more information and to showcase the property ownership opportunities and possibilities in the country, the Investment Promotion Agency Qatar (IPA Qatar) organised the ‘Spotlight on Qatar’s Real Estate Market Reforms’ webinar recently.

The event saw presentations by different ministries and industry experts, who detailed the requirements to own real estate in the country and a perspective on the developments as well as a market outlook.

The introduction of foreign ownership of commercial real estate adds to Qatar’s value propositions for investors. It keeps pace with the country’s economic development plans and opens up additional opportunities for strategic investments and partnership possibilities between national and international businesses.

In regard to residential properties, a two-tiered residency program has been introduced. Foreign investors, who invest a minimum of QAR 3.65 million (USD 1.00 million), will receive permanent residency which includes benefits such as free education and free healthcare. Foreign investors, who invest more than QAR 730 thousand (USD 200 thousand) will have an advantage of residency for the duration of the property ownership.

The procedures for foreign investors have been streamlined with a dedicated section on the website of the Ministry of Justice from clarifying the requirements to submitting the applications. A transaction can be completed in less than fifteen minutes and residency claims can be processed in a matter of days.

Since the introduction of these reforms, Qatar’s real estate sector has performed very well. Real estate transactions have increased by 35 percent in 2020 compared to 2019. The value of real estate transactions increased to QAR 31.0 billion in 2020 from QAR 22.7 billion in 2019.

In 2020, the most significant increase in new office supply has been in Lusail, both in the Marina District and the Energy City. The office supply in Lusail exceeds 600,000 sqm and has already witnessed a migration of businesses from other parts of the country.

Please click on the link and reach out to learn more about the latest developments in the real estate sector in the State of Qatar as well as Business Start Up Qatar.

Other News

BSUQ News 104 - Thumb

M7 and QSTP partner to target Qatar’s fashion and design sectors

M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.

The agreement provides for M7, an affiliate...

Read more
BSUQ News 103 - Thumb

Contracts in construction at the top of the mega projects in Qatar

A Qatar International Centre for Conciliation & Arbitration (QICCA) webinar discussed...

Read more
BSUQ News 102 - Thumb - New

Bedaya and stakeholders equip entrepreneurs on their journey in Qatar

The Bedaya Centre for Entrepreneurship & Career Development recently concluded a series of workshops as part of their ongoing foundation program.

The workshops were delivered online with the object...

Read more
BSUQ News 101 - Thumb - New

QFTH ends second wave of incubator and accelerator with demo day

Qatar FinTech Hub (QFTH) recently held the virtual Demo Day for the second wave of the incubator and accelerator program.

The major FinTech event hosted key players from Qatar’s ecosystem as well...

Read more
BSUQ News 100 - Thumb - New

A snapshot of the venture capital market in the State of Qatar

Qatar`s venture capital market has proven to be resilient despite the pandemic according to the most recent data and information.

The Qatar Venture Investment Report 2020...

Read more
BSUQ News 99 - Thumb - New

Qatar raises awareness for best practices in circular economy

The Josoor Institute held a webinar discussing the circular economy, an economic approach aimed at minimising waste, very recently.

The Josoor Institute is...

Read more
BSUQ News 98 - Thumb - New

Stakeholders in Qatar reiterate their commitment for tourism and travel

The State of Qatar has revealed an ambitious National Tourism Strategy which aims to position the country as a leading destination for tourism and travel.

Qatar has a lot to offer...

Read more
BSUQ News 97 - Thumb

Takeaways and lessons learned from the first Qatar Economic Forum

The Qatar Economic Forum concluded very recently and demonstrated the country’s position as an important centre for business, trade and investment. The virtual event provided a platform to exchange views,...

Read more

Page Break