Purchasing a property in Qatar can be inordinate speculation. Whether someone wants to buy a property to live in or for some other reason, purchasing real estate can pose many benefits. However, if someone is non-Qatari, they need to follow a set of particular rules and regulations. For instance, outsiders are only allowed to buy property in specific areas. And that’s not the only factor they need to know before purchasing a property in Qatar.
Here is a brief short guide that is helpful to find out exactly how a person can buy real estate in Qatar and avert a lot of future obstruction and slip-up.

Where to Buy it?

In the past, non-Qataris had no right to buy property in Qatar. This rule was changed in 2004 when the Qatari government unlocked the real estate market for emigrants. Though, options were limited, as emigrants could only buy real estate in particular districts. To offer further relaxations to the emigrants in their property search, the Ministry of Justice has just launched a precise section on their website about the right of non-Qatari land possession.

Land Ownership:

Whenever someone buys a property worth QAR730,000 or above, they will be automatically granted a homeowners’ residency permit. This permit gives the full right to the buyer to live in Qatar as long as they own the property. The government is trying to speed up the whole process, and it offers precise guidelines regarding the residency application procedure.

Comprehend Qatar’s New Property Law:

Many times Buying a property in Qatar might be a confusing task for residents as well as foreigners. Some things are essential to consider while planning to buy a property in Qatar. Many times potential buyers decide to save some money and don’t hire the agency for their help. The practice might save money but cause a lot of difficulties as well. So it will be wise to hire a reputable property agent to find suitable property deals and complete the whole procedure without glitches.

Closing the Deal:

Once a potential buyer has found a property they are interested in, whether on their own or through a real estate agency, they should negotiate a price before closing the deal. To complete this task, both parties should hire a legal person, such as a lawyer, to help them draw up the agreement and finalise things. Once the legal contract is ready, the buyer will be required to make a down payment to the other party. This down payment is typically around 30% of the actual price.
Make a quick Registration Process:               
Once the deal is complete, both parties need to go to the Real Estate Registration and Authentication Department. In this department, they will get a proper and legal registration that one party has bought the property. This department is a subdivision of the Ministry of Municipality and Urban Planning. Normally the purchasing procedure in Qatar takes around 30 days to complete once the Agreement for Sale has been signed by both parties in the presence of legal authorities. However, if some agent is involved they also need to pay a specific amount to them as well.

Transferability:

Freehold possessions, with the land and assets under the proprietorship of the buyer, can grant the owner a residency. This honor can even encompass the proprietor’s family for the whole period of the ownership. As for leasehold rights, these rules are applicable for a renewable 99-year period. However, it is also possible to transfer the lease. Furthermore, overseas buyers should have a lawful Qatar visa to be able to buy all the legal leasehold rights. If someone has purchased a leasehold property, then it is very important to register it with the Office for Registration of Real Estate. Attorneys are usually called in to aid the home buying process and to make the contract that needs to be reviewed by the lawyers of both parties.