In line with its new strategy to attract additional capital into the real estate sector, the government of Qatar has further liberalized property ownership norms in the could along with adding more regions where properties could be owned by Non-Qataris.
As per the revised conditions, foreign individuals can now own properties in nine regions (from the earlier three) and are allowed to use real estate at 16 regions under usufruct limitations which allows the operation of properties for extended lease without the authority to damage or reshape the assets.
Individuals will be allowed to set up Non-Qataris organizations in the above mentioned 25 regions (9 regions with not commitments and 16 under the usufruct clause).
The government is also offering residency to individuals and their families who invest $200,000 on any property in the country for the duration of their ownership.
Owners of property worth no less than $1 million will get the same benefits as permanent residents in terms of healthcare, education, and some commercial activities.
- Qatari and non-Qatari citizens may own a detached unit in one of the residential complexes, and they may also own the detached units (offices and shops) in commercial malls, in other areas, provided that they do not modify the nature, shape or appearance of the unit.
- Qatari and non-Qatari citizens now have the right to free ownership of residential units, inside residential complexes and shops inside malls.
- The validity for 16 usufruct areas is 99 years.
Real Estate investment funds
The government will also facilitate setting up Real Estate investment funds which provide an opportunity that was previously unavailable to middle and limited-income citizens to invest in the real estate sector.