The real estate business is a flourishing one in the Middle East, and UAE has proved it. Qatar put their steps into it to get a new dimension into their economy. The gas-prosper country has opened its real estate sector to attract foreign investors to make their financials better.
Qatar’s offer is an opportunity for foreign investors. The real estate market has been giving an option to choose a beautiful home and Qatar’s permanent residency. The new business initiative will diversify the nation’s economy apart from oil and gas, and it will bring enough foreign investments to make the nation’s economy stronger.
The 2022 world cup it’s another highlight for the nation to boost its real estate sales. The individual investors who have been investing to buy a residential or commercial property in a specially designated area for foreign investors will be eligible to get a permanent residency.
Real estate in Qatar
The sea-side Pearl Island and Lusail City are two main Qatar property that attracts investors. Freehold property worth of $1 million offers permanent residency in the country. Buying commercial space in shopping malls value of $ 200,000 will gain residential visa eligibility for a limited period.
News source: News Plus USA
