Guide to Non-Qatari Ownership and Use of Real Estate in Qatar
Expats in Qatar are a big part of the population, making up around 85%. They choose to rent or buy a property during their stay in the country, which means they play a significant role in the real estate market. Therefore, Qatar’s government has introduced several initiatives to encourage and facilitate real estate investment in the country. These initiatives include Decision No. 28 of 2020 that has specified the areas where non-Qataris may own or use the real estates in addition to the conditions, controls, benefits and procedures for their ownership and use of such properties. Top Real Estate Agency
Many non-Qataris have several questions in mind when considering investing in Qatar, we will address some of these inquiries to provide you with a comprehensive understanding of non-Qataris’ Ownership and use of the real estates in Qatar.
Why should I invest in Qatar?
Qatar stands as the most secure tax-free country within the GCC, boasting a stable economy and a welcoming atmosphere for families. As for purchase investments, you will not only secure a prosperous future but will also be granted a permanent tax-free residence in Qatar along with guaranteed inheritance.
The Qatar National Vision 2030 balances economic growth, human development and environmental protection. It provides a clear path to ensure the health, prosperity and welfare of the country’s citizens.
This vision encompasses economic, social, human and environmental pillars to guide the country’s progress in the coming decades for the benefit of the entire population. Labor Rooms for Rent in Qatar
What is meant by Freehold and usufruct (99-Year) Ownership?
Usufruct, or 99 years Ownership entails the leaseholder’s authority to sell, transfer, or lease real estate for a duration of 99 years.
Freehold ownership in Qatar refers to the right to possess real estate within areas designated by a decision of the Council of Ministers; foreign individuals can acquire such ownership through freehold ownership or usufruct ownership.