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.
The Economic Zones Company – Manateq has announced to invest more than QAR 10 bn (USD 2.75 bn) as part of a five-year plan for new projects and to develop the infrastructure in the industrial zones of...Read more
The benefits of Qatar`s free zones and the country’s attractive investment climate were recently showcased at a virtual event hosted by the Los Angeles World Affairs Council & Town Hall.
The State...Read more
The Qatar Entrepreneurship Conference - Rowad Qatar 2020 - recently concluded in Doha. The event was organised by the Qatar Development Bank (QDB) as part of the Global Entrepreneurship Network (GEN) movement....Read more
This helpful guide will explain all about banking in Qatar.
The country maintains a substantial network of national and international banks and banking in the country is easy. Qatar’s Wage Protection...Read more
Qatar Business Incubation Center (QBIC) recently launched the second wave of their Lean Manufacturing Program (LMP) for local entrepreneurs with the interest to learn more about...Read more
The General Tax Authority (GTA) has announced an extension for the registration on the ‘Dhareeba’ Tax Portal. The new deadline will be December 31st, 2020.
In addition, the General Tax Authority...Read more
The Qatar Chamber (QC) in collaboration and cooperation with the Ministry of Administrative Development, Labour and Social Affairs (MADLSA) recently issued a guide for companies...Read more