Page 41 - QBG

Real Estate and Property Sector

Qatar’s construction and real estate industry has witnessed intense growth in
recent years. The skyline of Doha’s business district is often described as having
been transformed overnight into what is now a panorama of strikingly unique
skyscrapers.

The construction industry is expected to continue to grow in the coming years,
as the country opens up to foreign property investment. Under current legislation,
non-Qataris may invest in selected real estate projects, such as the West Bay
Lagoon and The Pearl – Qatar. As part of the incentive to attract foreign
investment, real estate visas can now be granted to buyers, allowing them to
live in the country without sponsorship.

For most residents, though, renting remains the living arrangement of choice.
Those who wish to rent an apartment, villa or room have a wide selection to
choose from in every area of the city. After years of escalation, rental prices
have stabilized as new projects mature and vacancy rates increase. The rights
and obligations of tenants and landlords are outlined in the rental laws.

40 Qatar Business Guide Official Sponsor
2016 - 2017