Should You Invest?
Taking similar steps to Dubai, Qatar is developing very rapidly.
With restrictions on foreign ownership not as strict as they used
to be, there are more and more foreigners looking to invest in the
country. Major cities such as Doha are receiving increasing numbers
of expatriates choosing to reside there each year.
- The government is both increasing and encouraging investment
into the country to increase tourism.
- Qatar has shown at least fifteen years of strong economic
growth.
- The rental market is becoming increasingly popular and rental
yields are high, particularly in the capital Doha.
- Investors have to be careful as the real estate market is
generally pro-tenant.
- Moderate to high income tax is relevant to both foreigners
residing in the country and foreign investors with buy-to-let
property will get taxed on their monthly rental income.
Rental Yields
Rental yields are currently very good in Qatar and rents have
tripled over the past six years. A five bedroom house which costs
QAR1.8 million (US$494,105), gets a monthly rent of QAR18< ,000
(US$4,941) which averages out as a rental yield of 12%. The West
Bay area of Doha is a residential district which can earn very high
yields as it is very popular and upscale.
Price History
Qatar is a very new and up and coming country with a growing
property market, increased tourism and improved infrastructure.
Foreign investors and their immediate family automatically receive
residential rights to reside in Qatar and all these factors are
serving to increase Qatar's potential as a property hot spot. With
property in demand house prices are becoming a lot more expensive
and with a growing interest from investors prices are continuing to
rise.
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