Qatar to allow foreigners to own properties in more areas

01/11/20

The government of the State of Qatar recently announced that it will allow foreigners (including legal and natural persons or companies and individuals) to own real estate in more areas in the country in a bid to attract foreign investment to diversify the economy.

Qatari and non-Qatari citizens may own and use residential and non-residential properties in twenty-five areas (or in other words to own in nine areas and to use in use in sixteen areas) by the means of freehold and leasehold respectively.

The nine areas for freehold are West Bay (Legtaifiya), The Pearl Qatar, Al Khor Resort, Dafna (Admin District No. 60 & 61), Onaiza (Administrative District), Lusail, Al Kharaij, and Jabal Thuaileb.

The sixteen areas for leasehold for a period of 99 years are: Musheireb, Fareej Abdul Aziz, Doha Jadeeda, Al-Ghanim Al-Ateeq, Al-Riffa and Al-Hitmi Al-Ateeq, Aslata, Fereej Bin Mahmoud 22 & 23, Rawdat Al Khail, Mansoura, Fareej Bin Dirham, Najma, Umm Ghuwailina, Al Khalaifat, Al Sadd, Al Mirqab Al Jadeed, Fareej Al Nasr and the Doha International Airport area.

The government of the State of Qatar will grant the residency to owners and their families, who own property with a value of at least QAR 730,000.00 (USD 200,000.00) and a permanent residency to owners and their families, who own property with a value of at least QAR 3,650,000.00 (USD 1,000,000.00). The permanent residency includes benefits such as health, education and investment in some commercial activities.

It is expected that the decision will stimulate the Qatari real estate market and accelerate the economic development in the country.

Please click on the link and reach out to learn more about the latest changes in the Qatari real estate market as well as other initiatives of the most relevant stakeholders in the State of Qatar and 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