Advantages of Owning Real Estate in Qatar
The Ministry of Justice said that the State of Qatar provides distinguished facilities that give individuals the opportunity to make the best choice to own real estate in the region.
The ministry explained - through a video posted on its Twitter account - that individuals can, with simple steps and through one window, obtain the title deed and, accordingly, obtain the benefits of permanent residence, which include that the individual and his family's access to health and education for free, and investment in economic activities.
The ministry confirmed that Qatar is at the forefront of global indicators in the ease of doing business and the best globally in the ease of registering real estate ownership and the lowest fees for real estate registration in the region.
In its report, the Ministry of Justice highlighted the advantages of the State of Qatar, as it is characterized by its infrastructure equipped with the latest communication technologies, world-class architectural designs, smart and advanced transportation, and transportation systems, and commercial, educational, health, tourism and entertainment facilities.
In addition, through real estate investment in the State of Qatar, individuals can easily communicate with the world through the best airport in the Middle East, with the ease of obtaining instant visas from Hamad International Airport.
It is worth noting that the State of Qatar, through Cabinet Resolution No. (28) of 2020, has specified the areas in which non-Qataris may own and use real estate and the conditions, controls, benefits and procedures for their ownership and use of the real estate so that non-Qatari ownership and use of real estate is in specific areas.
The number of areas for non-Qatari ownership of real estate is 9, while the number of areas for non-Qatari use of real estate is 16, bringing the total of areas allocated for real estate ownership and use for non-Qatari to 25.
Where citizens of the Gulf Cooperation Council countries can own real estate in the "investment" areas approved and announced by the Council of Ministers. Investments can be made in businesses related to commercial, residential, industrial, tourism, and educational activities.
As for non-Qataris, they can invest and own land, buildings, and facilities in three specific projects:
The Pearl - Qatar
West Bay Lake
Al Khor Resort Project
They can also obtain benefits through the following opportunities:
Real estate lease for a period of 99 years, renewable for a similar period.
Ownership of “housing units” for a period not exceeding 99 years, the right to transfer property to others, and the right to benefit from profit, benefit, or advantages.
This article was previously published on qatarmoments.To see the original article, click here