Qatar’s construction and real estate industry has witnessed intense growth in recent years. The skyline of Doha’s business district is often described as having been transformed overnight into what is now a panorama of strikingly unique skyscrapers.
The construction industry is expected to continue to grow in the coming years, as the country opens up to foreign property investment. Under current legislation, non-Qataris may invest in selected real estate projects, such as the West Bay Lagoon and The Pearl – Qatar. As part of the incentive to attract foreign investment, real estate visas can now be granted to buyers, allowing them to live in the country without sponsorship.
For most residents, though, renting remains the living arrangement of choice. Those who wish to rent an apartment, villa or room have a wide selection to choose from in every area of the city. After years of escalation, rental prices have stabilized as new projects mature and vacancy rates increase. The rights and obligations of tenants and landlords are outlined in the rental laws.
The Ministry of Municipality oversees the preparation of all records related to the selling, leasing, waiver and bequeathing of real estate. Some selected records and documents must bear the approval of the Real Estate and Residences Registration Office to be considered valid. Land owners should visit the office before completing their real estate registrations at the Ministry of Justice.