With facilities at par with world-class cities across the globe, Qatar is always a good country to move in and invest in as well. In 2020, the gas-rich nation also opened up its real estate market to foreigners, including expats. With such a bold measure the Gulf country has made its intention clear: it wants to depend less on fossil fuels from now on. Hence, the country has made the first move in attracting foreign investment to its property market. But those who are not yet clear, especially Indian expats, regarding the potency of its real estate market we have enumerated some strong reasons to invest in the country. After going through these we are sure that foreign investors won’t have any doubt regarding the strength of the country’s property market.
Get Temporary Or Permanent Residency
In case you are thinking of shifting to Qatar or you are in the country without a place that you can call your own home then investing in the real estate market can be extremely beneficial now. As per current rules if you invest in a property worth $200,000 or more then the Qatar government will provide you with temporary residence. Also, if the property’s value goes beyond 1 million, then you can get permanent residency in the country. The provision of residencies is a good enough reason to invest your money in the Qatar property market.
Some Properties Have Been Made Accessible To Foreigners
Earlier, non-nationals required local sponsorship to invest in the Qatar realty market. But things have changed in a big way after 2020 when the country opened up its real estate to foreigners. Foreigners are now allowed to purchase properties in 25 designated areas near Doha while in the 9 areas properties can be bought on a freehold basis, as per the new regulations. With regard to the other areas, investors can rent them out on a 99-year lease. This has boosted the confidence of foreign investors to a great extent.
Ease Of Transactions and Excellent RoIs
Usually, property transactions are very lengthy and extremely costly. However, these are hardly an issue in Qatar as it takes just 15 days to conclude property transactions and even the costs of transactions are very much on the lower side. This has genuinely lifted the sentiments of foreign investors and resulted in a frenzy to bag properties in the country’s market. So, these are good signs for those who want to invest in Qatar real estate.
Rental Incomes To Rise During The Upcoming FIFA World Cup
As Qatar braces to host the FIFA World Cup in November this year several avenues are opening up to generate income in the country. One among them is rental space. With visitors pouring into the country from across the world to enjoy the soccer carnival there will be a huge demand for short-term accommodations. Many would prefer renting an apartment or a house, especially the ones waiting for long durations, rather than staying in hotels. So, for those eyeing good rental revenues, the quadrennial event will be nothing short of a blessing as the demand is bound to outstrip supply by a huge margin, leading to a hike in the rental rates.
