Qatar Property Investment For Sale
"Taking similar steps to Dubai, Qatar is developing very rapidly."
Qatar is probably one of the most stable countries in the Middle East after having managed to avoid the violent unrest that has blighted many of its neighbours. This is partly due to Qatar’s immense wealth.
With strong GDP, Qatar is one of the fastest growing economies in the world being the world’s biggest exporter of liquefied natural gas (LNG). The increase in international oil prices and government investment in expanding its gas sector has helped Qatar achieve the world’s highest per-capita income with the world’s lowest unemployment. At present Qatar has oil reserves of over 25 billion barrels which enable it to continue production at its present levels for the next half a century. Qatar also controls 13% of the world’s gas reserves – the third largest in the world.
With so much wealth Qatar is growing at break neck speed and looking to expand both private and foreign investment in non-energy sectors, whilst undertaking some massive infrastructure projects including the Qatar metro system, light railway and the Qatar-Bahrain causeway.
Such rapid expansion has resulted in a growing property market and tourism industry, with permanent residency visas being offered to foreigners buying freehold property here. With good rental returns in the capital Doha and a thriving foreign expatriate community, Qatar has a lot to offer.