Qatar is considered one of the top GCC countries when it comes to attracting foreign and local investments. It’s a true breeding ground for all kinds of investments as it is politically and socially stable and enjoys a wide set of production factors.

Besides its perfect location in the heart of GCC region, Qatar has stretched coasts overlooking the Gulf which add to its positive factors.

It’s worth mentioning that Qatar adapts the policies of a free economy as it refrains from imposing any customs or obstacles that could hinder the progress of its booming businesses.

In the context of providing divergent sources of national income, the state has paid a lot of focus on developing its roads network, facilities, ports, and communication network in order to provide a convenient environment for nurturing new projects of all sorts.

Incentives for real estate investment in Qatar

Qatar has various advantages that encourage Real Estate investment, the state offers all needed services and facilities for comparatively low charges.

It displays new industrial land plots every now and then to attract further investments.

In the context of enticing foreign investments in Qatar’s Real Estate Sector, the Qatar government issued a new law in 2004 for developing expats and foreigners’ ownership of residential units.

The government opened a number of locations scattered around Qatar proprietorship including Al Khor Bay project, Western Bay project, Lulu Island, and other areas.

Iconic projects in Qatar real estate

The new airport is considered a truly iconic project due to its massive proportions. The project value is estimated at 7 billion dollars and it sprawls over a huge area.

Lusail City project is yet another iconic infrastructure project taking place in Qatar with a total value of 5.5 billion dollars.

As for the most significant residential projects, Al Waab City comes to the fore with a total cost value of 3.2 billion dollars. The Western Bay project is also another landmark under construction in Qatar.

Hosting the World Cup in 2022 is a resembles a propitious opportunity for domestic and international contractors to display their technical capabilities by taking part in establishing the projects and infrastructure needed for hosting such an event.

Qatar future vision

Real Estate is a substantial pillar of Qatar’s future vision. The state pays a lot of attention to improving the infrastructure and its related industries. This has a positive reflection on the labour market as it accelerates job creation and vitalizes the whole economy.

Doha, for instance, is now loaded with new infrastructure projects in preparation for World Cup 2022. The city is witnessing the establishment of many new hotels and housing complexes.

Hence, real estate is a vital sector in achieving Qatar’s future vision 2030. The state’s vision aims at creating an advanced and modern society by laying down a solid economy that stands on strong pillars, besides initializing a breeding environment for all kinds of investments.

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