Property for sale in Qatar
Qatar is a country in the Arabian peninsula whose territory includes arid desert and a long coastline of beaches and dunes on the Persian Gulf. On the coast there is also the capital, Doha, known for its futuristic skyscrapers and avant-garde architecture inspired by the ancient Islamic tradition. Qatar borders south with Saudi Arabia and is otherwise surrounded by the Persian Gulf. The real estate market in Qatar has only recently opened to non-Qatar. Foreigners are allowed to purchase property for sale in Qatar in just some designated developments.
One of the advantages of buying property for sale in Qatar is that owners are automatically entitled to a residence visa for themselves and their immediate family under certain conditions.
Despite the difficult geo-political situation, the country continues to focus on realizing new and constantly improving real estate offers. This is supported by real estate developments planned to host the 2022 FIFA World Cup.
The real estate market has undergone many changes over the last year and, although the stock continues to be launched, there are significant downward pressure on prices due to the economic climate and further real estate offer. Landlords and owners are reacting to this dynamic to ensure the best price while they differ from other similar property offers by offering months of free rental and free utility bills.
Investors in property for sale in Qatar have been able to capitalize on long-term capital gains, while others are now seizing the opportunity to start looking for their next home as the property becomes more accessible.
Improving homes, moving to more desirable areas and even entering property for the first time is becoming a reality for many people. This means that while commissions may have a lower monetary value, the volume of transactions remains strong with the potential for further growth.
A new bill for foreign real estate is expected to increase sales of residential and commercial properties in Qatar, as well as increase foreign direct investment, and another knock-on effect could be an increase in foreign assets establishing regional bases in Qatar.
For those looking for a property for sale in Qatar centrally located in more than one community, rather than a new and big city-style development, Mushireb will offer the perfect combination.
Lusail and Msheireb are good examples of new and attractive areas for customers in Qatar. Interest in these areas and in other emerging neighbourhoods, such as Al Sakhama and Umm Salal, has seen a steady increase in the interest of consumers.
The most popular areas continue to be The Pearl, Al Sadd and West Bay for the apartments, and Al Waab and Abu Hamour for the villas. As for the sales market, The Pearl continues to be on the top of the list, along with West Bay and West Bay Lagoon.
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