Qatar’s real estate industry has proofed according growth in now this year. The skyline of Doha’s business district is every time described as having been transformed fully night in 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 a major aspect of the motivator to pull in remote speculation, real estate visas would now be able to be granted to purchasers, enabling them to live in the country without sponsorship.
For most residents, however, renting remains the living arrangement of action of decision. The individuals who wish to rent a flat, villas or room have a wide choice to browse in each location of the city. Following quite a while of heightening, rental costs have balanced out as new tasks develop and opportunity rates increment. The rights and commitments of tenants and landowners are outlined in the rental laws.
The Ministry of Municipality and Environment oversees the preparation of all records related to the selling, leasing, waiver and bequeathing of real estate. Some selected records and documents must bear the approval of the Real Estate and Residences Registration Office to be considered valid. Land owners should visit the office before completing their real estate registrations at the Ministry of Justice.
MD Properties – Qatar