Qatar moves one step closer to let non-Qataris own property freely in the country

Qatar moves one step closer to let non-Qataris own property freely in the country

By QLNews

Qatar has recently been making giant strides when it comes to modernising itself. First, Qatar made it much easier for people of 80 different nations to enter the country. Then it abolished the exit permit system for a majority of expatriate workers in the country.

The country broke another glass ceiling when it proposed a new law to let expatriates own property in the country. Four months later, the cabinet formally gave its nod to the draft law.

And now, the expatriates’ dream of owning property in Qatar has come one step closer to reality, with Qatar’s Council of Ministers giving its approval to identify areas and places where non-Qataris can own and use real estate, reported CNBC Arabia.

The Council of Ministers agreed to:

* Allow the ownership of property by non-Qatari individuals, non-Qatari companies and real estate investment funds.

* Determine 10 areas where non-Qataris can own property freely

* Determine 16 areas where non-Qataris can lease and use real estate for up to 99 years

* Allow non-Qatari ownership of residential villas within residential complexes

* Allow non-Qatari ownership of shops within commercial complexes

* Grant residence permit to non-Qatari owners of real estate, whether for housing or investment, throughout the period of ownership of real estate.

A Press conference will be held next week where more details of the decision will be presented.

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Cover Image Credit: File
By write2azi• 6 days 20 hours ago.
write2azi

Goood thing, but no money ..!

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