Ministry of Municipality slashes land rents in Industrial Area by 90%

Ministry of Municipality slashes land rents in Industrial Area by 90%

QLNews
By QLNews

In an initiative to support the country’s national economic growth, Qatar's Ministry of Municipality has decreased the rental value of its land in the Industrial Zone — allocated for commercial activities — from QAR100 to QAR10 per SqM annually.   

Qatar’s Minister of Municipality HE Abdullah bin Hamad bin Abdullah Al Attiyah issued Ministerial Decision No. 123 of 2024, decreasing the rent of plots of land in the Industrial Area under the Ministry’s jurisdiction in comparison to rates set in the previous ministerial decision.

The ministerial decision will be implemented on the day following its publication in the Official Gazette.

The decision aims to support activities on Industrial Area lands affiliated with the Ministry of Municipality, whether commercial or industrial, for logistical activities, or for workers’ housing purposes. 

It stipulates reducing the rental value of lands allocated for commercial activities from QAR100 to QAR10 per square meter annually, which is a 90% reduction.

The rental value of lands for logistics projects will be reduced from QAR20 to QAR5 per square meter annually. Lands with an industrial license will go down from QAR10 to QAR5 per square meter annually.

Al Attiyah said the move was part of their plan to achieve the Third National Development Strategy 2024-2030 objectives.

“The initiative aims to help the country achieve sustainable economic growth, improve market mechanisms, and improve the competitiveness of local products as part of the country’s ongoing efforts to achieve the Qatar National Vision 2030,” he said.

Regarding the rental value for mixed activities, the ministerial decision clarified that if the land area was used for commercial activity without industrial or logistical activities, then the full rental value of QAR10 per square meter annually would be levied.

The rental value of QAR10 per square meter will be levied for each of the food outlets for the covered area of the existing facility, lands used in a commercial activity as a service annex for the industrial or logistical activity, petrol stations, and their supporting services, and supporting car service stations, according to the covered area of the commercial building.

If the land is used for non-commercial activities, such as workers’ housing as a service annex to an industrial or logistics facility, the rental value would be QAR5 per square meter annually. 

As for lands fully used for residential use, without industrial or logistical activity, the rental value would be QAR10 per square meter annually.

The decision said that when land is used for showroom activities, the rental value will be calculated at QAR5 per square meter annually if it is used to display goods produced, manufactured, or stored on the site for the same existing activity, according to the facility contract, and for the same plot tenant.

This will be calculated at QAR10 per square meter annually for the area covered by the existing showroom if it is for commercial use and for use by someone other than the actual investor of the land.

The new decision stipulates the signing of contracts for Industrial Area lands affiliated with the Ministry of Municipality for 25 years, starting from the date of receipt of the leased land, with the possibility of reviewing the rental value every five years, starting from the date of implementation of the ministerial decision.

After the expiry of this period, the Minister of Municipality may reconsider this value.

---

Make sure to check out our social media to keep track of the latest content. 

Instagram - @qatarliving

X - @qatarliving

Facebook - Qatar Living

YouTube qatarlivingofficial

Log in or register to post comments

More from Qatar Living

Where to learn Arabic in Qatar

Where to learn Arabic in Qatar

By Dipti Nair

The symbolic meaning of the ‘Riyal’

The symbolic meaning of the ‘Riyal’

By : Fazmina Samat

 

7 Historic Forts to Explore in Qatar This Eid

7 Historic Forts to Explore in Qatar This Eid

Discover Qatar’s rich history this Eid by exploring its iconic forts. From the UNESCO-listed Al Zubarah Fort to the scenic Barzan Towers, each site offers a glimpse into the country’s past. Whether you're a history buff or looking for a unique adventure, these forts provide the perfect getaway.
Breaking the law? Here’s the cost!

Breaking the law? Here’s the cost!

By : Fazmina Samat
Fascinating Facts About Qatar You Probably Didn’t Know

Fascinating Facts About Qatar You Probably Didn’t Know

Qatar is a land of fascinating stories, rich traditions, and surprising wonders. From its unique flag to ancient purple dye production, there's so much more to discover about this vibrant nation. Read on to explore Qatar like never before!
Have you really seen Qatar’s National Emblem?

Have you really seen Qatar’s National Emblem?

By : Fazmina Samat

 

Beat the Heat: 5 Tips to maintain your car this summer

Beat the Heat: 5 Tips to maintain your car this summer

When Qatar’s summer temperatures hit extreme highs keeping your car cool isn’t just a luxury, it’s a necessity. Here are some smart and practical tips to help your vehicle stay cooler and safer during the hottest months.