Qatar Guide: Property

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  Introduction

  The property market in Qatar

  In 2004 Qatar followed the example of its neighbour, Dubai, and opened up the real estate market to foreign investment. However, Qatar controlled the rate at which properties were developed to avoid a housing bubble.

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  Finding property in Qatar

  Developers and estate agents

  Many properties in Qatar are new and sold by developers, but you may use a real estate agent to help you make sure all forms are filled out and filed correctly. The Qatari real estate industry caters to foreign investors and expatriates, so you should be able to find someone who speaks English.

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  The purchase process

  Signing the contract and registering your property

  Once you have found a property you wish to buy, you should notify the developer or the seller and set up a meeting. You will sign an agreement which states that you intend to buy the property. This ensures that the seller will not sell the property to anyone else until you have your financing completed.

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  Getting a mortgage

  Financing your Qatar property

  As an expat, you may apply for a mortgage in Qatar. Mortgage requirements are rather stringent, although this has been slowly changing as Qatar encourages more foreign investment in designated properties.

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  Additional property costs

  Utilities, taxes and insurance

  Qatar does not levy any property tax or purchase tax. However, you will need to calculate for utility costs, and it is a good idea to purchase home insurance.

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