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Real estate in Qatar


Real estate acquisition in Qatar

Qatar is the state (or the emirate), located in the southwest of Asia, namely on the Qatar peninsula, adjoining on Saudi Arabia, and also with the Bahrain Islands and the United Arab Emirates (sea border). Qatar is the richest Arab state, the revenue here per capita makes 70 000 c.u., and it considering that fact that gross domestic product grows every year approximately for 8%. Today Qatar prospers thanks to available stocks of gas (takes the third place on export, after such giants as Russia and Iran), oil (21 places in the world on export), also huge attention is paid to the tourist sphere (every year here appears more and more Spa - the centers, modern shopping centers, and also other entertainments). This year Qatar applies for a rank of the largest investor in foreign real estate.

It is necessary to tell that all about thirty years ago this state was closed for foreigners. Only in 1989 by the government of Qatar visas to foreign citizens began being issued. Qatar – a titbit for businessmen who with pleasure invest the capital in real estate of this country for the purpose of obtaining essential dividends from its resale. As it was spoken above, prospers here and tourism that promoted by many factors: hot climate, warm pure sea, delightful beaches, picturesque nature and high quality of service. All these criteria do real estate of Qatar extremely popular in foreign investors.

It should be noted what exactly Qatar is one of the first states of the Persian Gulf which started selling real estate to foreign citizens. Besides nonresidents of the country can rent real estate in the territory of Qatar for 99 years, with the right of extension, and also sublease. The cost of real estate of Qatar promptly grows. One of the main characteristics of real estate of the country – its luxury. If you resolved to buy real estate in the territory of Qatar, you automatic have chance to become the owner of really smart housing. Quite low cost on energy carriers, very high level of comfort, and also excellent quality of buildings will make purchase of Qatar real estate not only favorable, but also the most pleasant procedure.

Among foreign citizens the capital real estate, thus not very well is in great demand, it is in dormitory or business areas, and also the real estate of the The Pearl complex making the serious competition to artificial islands of the state of Dubai. The artificially created island of The Pearl, which area exceeds 400 hectares, is mentioned when speech comes about real estate of Qatar as The Pearl is the first project the real estate in which is realized to foreign citizens as freehold (free full possession). This island has fine tourist infrastructure: 20 km of magnificent beaches which are conveniently located in only 20 kilometers from the international airport of the capital – Doha which is connected with the continent the excellent bulk road. As a whole this complex will consist of 11 000 country houses, spacious townhouses, modern penthouses and apartments. At the end of 2010 the first inhabitants whereas all project as a whole is planned to finish next year here plan to move.

Besides The Pearl there are also other projects in which residential real estate can be got as freehold (in all other complexes objects are realized on a leasehold basis for a period of 99 years). Among them: West Bay Lagoon and Lusail Waterfront City, fine Al Waab City, and also Lagoon Plaza with Al Khor. Together with growth and development of tourist infrastructure, considering economic and political stability of Qatar, the government directed all the forces to construction inhabited, and also a commercial segment of the market of real estate. By the way, foreign citizens with the rights of residents (and their number in the country is very great, making about 75% from population total), and make the most part of buyers of real estate, both in above-mentioned complexes, and in the capital of Qatar as a whole. In general economical foreign citizens prefer once to get a comfortable country house or apartments, than annually to spend the round sum for rent of the pleasant housing.
Having decided to get real estate in Qatar, we recommend to address to the highly professional help of skilled and reliable agencies with real estate in which to you not only will offer a huge number of objects, having picked up in absentia the most optimum for you option, but also will assume all efforts connected as with check of real estate on legal purity, so with registration of all accompanying documentation.

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Category: Realty
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