Thanks to the constant development and development taking place in Qatar, and as well the preparations for the country to host the 2022 FIFA World Cup, the government is now encouraging foreigners to invest in the real estate market, and has changed the rules for of foreign ownership and investment in the country, allowing foreigners tobuy property in Qatar in a number of large-scale developments and specific areas. Those specific areas are the freehold zones around the country, including Al Wakrah, The Pearl and Lusail, with more areas predicted to follow.
There are a number of things to consider if you’re looking to purchase a home in Qatar, especially as the real estate market is one that is very active and constantly on the rise. Which are would you like to purchase the property? What is the budget? Are you purchasing it to live in, or will you be renting it out? All these questions should be answered before proceeding. It is also advisable to talk to a real estate agent or legal professional to ensure that you understand all the steps necessary before signing any documents or making any deals. The first thing you must do is verify the property through the Doha Municipality or the Ministry of Justice’s Real Estate Registration Department, to ensure that the property is in a freehold area and is eligible for sale, as some properties are not available for sale.
The area that offer properties for sale in Qatar are numerous, and one central location offering homes for sale is Al Rayyan, which is the third largest municipality in Qatar. It is a well-known location, and offers a number of properties for sale. Popular with families and young professionals, there are a number of schools in Al Rayyan, in addition to malls, restaurants, cafes and more, making it an active area for those who are looking for that lifestyle.
There are a number of villas for sale in Al Rayyan, that are well maintained, and are spacious, usually offering 3 or four bedroom units. There are also a number of compounds for sale in Al Rayyan, which of course include the added benefits of swimming pools, gyms, community rooms and children’s play areas. Gated community living in Qatar is very popular, especially that it allows children to play around safely, and for families to enjoy the added facilities that are usually offered with this type of accommodation. Another reason that Al Rayyan is popular is because of the prices of the homes – which in retrospect, are more budget friendly than other family friendly areas in Qatar, such as AL Waab.
Those who invest in property for sale in Qatar have a choice of living in the property themselves or renting it out; and whichever route you decide to take will certainly be a fruitful one, considering the bright future that is in store for this country.