Qatar’s ramping up efforts to push foreign real estate investment into the country thanks to reforms and regulations that experts say will encourage investment into the property sector.
According to a recent article in The Peninsular Qatar, 2019 is likely to see growth in the real estate sector thanks to government support, ease of visa policies, and legislative changes on the ownership of properties by foreign investors.
The Peninsular Qatar writes: “According to the new draft law, Qatar is going to introduce bold reforms by liberalising its economy to non-Qatari investors who may invest in all economic sectors up to 100% of the capital, and they may own no more than 49% of the share capital of Qatari listed companies on the Qatar Exchange, after the approval of the Ministry of Economy and Commerce on the percentage proposed in the company’s memorandum of association and articles of association. Also, Qatar has further eased its visa polices.”
Coupled with this, as Qatar continues investing in large scale infrastructure and construction projects ahead of the 2022 FIFA Wold Cup and in line with its extensive Qatar National Vision – all real estate sectors are set for significant expansion in the coming years. Experts estimate that the combined value of ongoing infrastructure projects sits at around QR 200 billion.