Getting detailed information about the real estate market of Qatar before making purchase here is considered beneficial for investors as it saves them from getting indulged into problems and also makes their purchase simple and easy for them.

Buying a property in overseas is not an easy thing as you need to keep a lot of things in view before making your purchase. You need to get detailed information about the economic, legal, safety and real estate conditions of that place where you are purchasing assets as you are investing your money there. There are a lot of places in the world that are considered a desirable spot for investors in term of investment return, Qatar is one of them.

Qatar is listed amongst the big real estate markets of the world, where making an investment or purchasing a property is considered profitable for investors. Here in this article, we have stated some FAQs about buying property in Doha, Qatar as a lot of people want to get information about this emirate before buying property here. These are:

1) Is it legal to buy real estate & property in Qatar for foreign investors?

Yes, it is. However, before 2004 it was illegal, but now the government of Qatar has changed its policy and is now allowing the foreign investors to make investments in Qatar’s real estate market.

2) Which ones are the best locations to buy property?

There are a number of locations in Qatar that are considered to be fruitful in terms of investment. But these days there are three areas that are high in demand namely the pearl, Al khor and West Bay Lagoon. Investments in these areas are stated to be highly profitable because of their increasing demand due to developments in infrastructure, education and health sectors in these locations.

3) What are the property rates in Qatar?

Well, the property rates in Qatar experience a lot of fluctuations because of which there is no fixed rate. Sometimes there is hype in the real estate rates and sometimes it faces a fall out like in 2008, the property rates in some location of Qatar fell by 50%. The rates change according to the going trends in the real estate market.

4) What is the currency used for transactions?

Well, it is all up to buyer and seller that in which currency they like to make their transactions. But mostly the transactions are conducted in Riyals, Dollars and Euros.

5) What are the legal issues that investors face while buying property or apartments in Doha?

Well, there are no special kinds of legal issues for investors in Doha, Qatar. It is almost similar to other countries. You just need to register your property with the land department in order to get the title of legal ownership.

6) Is there any special tax on buying property or apartments in Qatar?

No, there is not. The government of Qatar is in fact providing tax freedom to investors in order to bring more investments to the country.

7) What is the procedure for purchasing property in Doha, Qatar?

There is no specific procedure. You can easily buy property here in Qatar just by paying price to the seller but after that you will need to register with the land department because only then you will get the title of ownership.

Author Bio

This post is written on behalf of List a property Bahrain.