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.
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.
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.
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.
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.