Permanent Resident Permit in Qatar
If you have ever thought about investing and getting a stay permit in Qatar, now is the time. The Investment Promotion Agency Qatar recently established new rules on the conditions, controls, benefits, and procedures for ownership and use of real estate in the country.
Foreigners can now buy houses in 25 areas of Qatar, most of them in the surroundings of the capital Doha, nine on a freehold basis, and the rest with 99 years leaseholds. It introduces the ownership of detached units in residential compounds and shopping malls, along with enhanced residency benefits.
The change announced in September is the latest in a series of measures designed to diversify Qatar’s economy, not depend only on oil and gas, and attract foreign capital for the 2022 World Cup.
This decision is unprecedented, long-awaited in a conservative country. It is useful for both workers and investors who constantly needed visas, as well as opportunities for the local business environment.
What are now the conditions to obtain residency in Qatar?
Obtaining residency in Qatar a short time ago was a complex process. Investors needed sponsorship from a Qatari business or individual for residency. But now things are much simpler for all those interested in obtaining temporary and permanent residence.
A $200,000 property purchase secures temporary residency for the term of ownership. A $1 million purchase buys the benefits of permanent residency, including free schools and healthcare. Through these changes and the new rules, residency can allow many expats to bring their family, including elderly parents.
These situations will naturally create more demand inthe real estate in Qatar, at a time when the health and economic crisis has affected all businesses globally.
What are the areas where properties can be bought for a stay permit?
With the issuance of the Council’s Decision Qatar now has 16 usufruct areas with a 99-year term, and nine areas that offer freehold ownership. The usufruct right areas include Al Sadd, Msheireb, Fereej Bin Mahmoud, Al Mirqab Al Jadeed, Al Mansoura, Al Salata, Old Al Ghanim, Umm Ghuwailina, Doha International Airport area, and New Doha. Freehold property areas include The Pearl-Qatar, Administrative District No. 60 and 61 in Al Dafna, Lusail, West Bay, Onaiza, and Al Khor Resort.
If you intend to work, live, and invest in Qatar, now is the right time. The advantages were remarkable and difficult to obtain a short time ago.
More resources on how to apply on Government website:
Need more details about the measure and its implications, ask for them our real estate brokers at FGREALTY!
If you have ever thought about investing and getting a stay permit in Qatar, now is the time. The Investment Promotion Agency Qatar recently established new rules on the conditions, controls, benefits, and procedures for ownership and use of real estate in the country.
Foreigners can now buy houses in 25 areas of Qatar, most of them in the surroundings of the capital Doha, nine on a freehold basis, and the rest with 99 years leaseholds. It introduces the ownership of detached units in residential compounds and shopping malls, along with enhanced residency benefits.
The change announced in September is the latest in a series of measures designed to diversify Qatar’s economy, not depend only on oil and gas, and attract foreign capital for the 2022 World Cup.
This decision is unprecedented, long-awaited in a conservative country. It is useful for both workers and investors who constantly needed visas, as well as opportunities for the local business environment.
What are now the conditions to obtain residency in Qatar?
Obtaining residency in Qatar a short time ago was a complex process. Investors needed sponsorship from a Qatari business or individual for residency. But now things are much simpler for all those interested in obtaining temporary and permanent residence.
A $200,000 property purchase secures temporary residency for the term of ownership. A $1 million purchase buys the benefits of permanent residency, including free schools and healthcare. Through these changes and the new rules, residency can allow many expats to bring their family, including elderly parents.
These situations will naturally create more demand in the real estate market in Qatar, at a time when the health and economic crisis has affected all businesses globally.
What are the areas where properties can be bought for a stay permit?
With the issuance of the Council’s Decision Qatar now has 16 usufruct areas with a 99-year term, and nine areas that offer freehold ownership. The usufruct right areas include Al Sadd, Msheireb, Fereej Bin Mahmoud, Al Mirqab Al Jadeed, Al Mansoura, Al Salata, Old Al Ghanim, Umm Ghuwailina, Doha International Airport area, and New Doha. Freehold property areas include The Pearl-Qatar, Administrative District No. 60 and 61 in Al Dafna, Lusail, West Bay, Onaiza, and Al Khor Resort.
If you intend to work, live and invest in Qatar now is the right time. The advantages are remarkable and difficult to obtain a short time ago.
More resources on how to apply on Gov Qatar:
Need more details about the measure and its implications, ask for them our real estate brokers at FGREALTY – Property Finder Qatar!