When entering Qatar’s housing market, it’s not only the property’s features, looks and lifestyle that seal the deal. The strength of investment is equally important.
That’s whether you aim to create a steady income from rentals in Qatar, or buy a new home to enjoy blissful living in the sun-kissed gem of a country as a local or expat, which you’ll inevitably sell to upscale or downsize somewhere down the line.
Promote a more secure future in property, with our expert's real estate market analysis and forecast of Qatar's housing market.
Find out if Qatar's housing market is improving now the pandemic’s negative effects begin to diminish.
Qatar’s housing advances
Real estate developers push forward innovative ways to improve sustainability and healthy living.
For instance, Lusail City, a new sustainable city project, adds unique green home technology to the local housing market. In addition, beautiful vegetation commonly surrounds apartment complexes and their sparkling swimming pools to connect residents with nature.
Mordor Intelligence says 13,500 residential units are planned to enter Qatar's housing market this year for buyers to choose from to foster an admirable lifestyle.
Further gateways to permanent residence
Once clouded by regulations, it has become easier to own property in Qatar as a foreign buyer in recent years and avail permanent residency permit.
A deposit of 5% on a flexible payment plan can buy you a brand new luxurious property in one of many freehold areas of Qatar open to foreign ownership as of 2018.
If you buy a property above $1 million, you will be eligible for permanent residence and significant benefits in health, commercial activity and education.
Fantastic examples of options available to foreign buyers:
2 bedroom apartment in Lusail City.
3 bedroom apartment in West Bay.
The Pearl Qatar’s apartments are the best choice for wealthier foreign buyers and expats.
Qatar’s house price performance, forecast and mortgages
The anticipation of the FIFA 2022 World Cup, which kicks off in Doha in November, is causing a mini real estate boom among buyers. Prices rose 2.06% in the three months to Q3 of 2021, to an average of 15,000 QR / sqm by Q2 of 2022.
As for mortgages, the government is constantly striving to make options more accessible. Foreign buyers typically need a deposit of 30% and a monthly income of at least QR 15,000 to get a mortgage up to QAR 3 million with a Qatari bank. However, lending criteria and loan to value may be different depending on the bank’s policies. It‘s advisable to speak to a local reputed lender to understand the mortgage in detail.
Qatar’s rental market performance and forecast
As Qatar’s property market experts, we see rentals in Qatar rise just before and during the FIFA event, when local property owners will list vacant, fully furnished properties on the SC platform. This will take care of the rush of football fans and new workers and drive demand for rentals in Qatar.
This is expected to push rental prices up in due course to profit current and novice investors of rentals in Qatar.
There’s no time like the present to invest in Qatar's promising property market. For help choosing your best property option, contact our local team of real estate professionals today at +974 4464 2525.
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