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Qatar’s property market enters a new ownership incentivising era with the upcoming FIFA World Cup 2022

In 2010, Qatar was announced host of the internationally renowned FIFA World Cup 2022. The smallest country to be given the honour of showcasing the popular sporting event. Albeit, a thrilling nation that has manifested significant advancements over the last decade, with the ambition of leaving a lasting legacy. Such as through the construction of thousands of new luxury apartments for rent in Qatar and extensive pre-event infrastructure developments totalling over £200bn. 

With the FIFA World Cup 2022 qualifying teams recently announced, there is more than enough to be excited about in flourishing Qatar. Let’s explore the nation’s new ownership incentivising era that you can start to benefit from today, compiled by our expert real estate agents in Qatar:

A surge in rental demand in the lead up to the FIFA World Cup 2022

As a growing global spotlight surrounds the state, with more than 1.5 million international visitors expected. The Qatari Government is urging residential apartment owners in Qatar to lease available properties to tourists and new workers, in light of a developing trend for short-term rentals in the country. 

The same applies to those who wish to take advantage of the rising selection of homes available, by purchasing a new buy-to-let property. With our in-house property management specialists anticipating increasing rental demand throughout the 2022 FIFA World Cup’s coverage and beyond, resulting in generous rental returns for existing and new property owners, on a short-term or long term basis.

Foreign property investors gain permanent residency in Qatar

If you are in the initial stages of relocating from overseas to Qatar for professional reasons, or perhaps for the nation’s warm and grandeur atmosphere; you will need to apply for a residence permit. Formerly, sponsorship from a business or individual was necessary, however — as of the release of a new scheme in September — you can now buy a property worth $200,000 and be granted temporary residency throughout your ownership. Likewise, a property purchase of $1 million or above in any 25 approved areas throughout Qatar grants permanent residence.  

Benefits such as highly subsidised health care fees are available after applying for a government-issued health card, in addition to reduced education costs, internationally-low electricity, water and gas rates, and no restrictions on money transfers of profits abroad. 

Property prices are affordable whilst the quality is enhanced 

Our eagle-eyed Qatari real estate agents are noticing a rising trend among property buyers and tenants seeking superior property interior standards, deterring from unneeded stress, time and costs associated with lower quality housing. Thus, setting their sights on affordably-priced high-quality homes, luxury apartments with incredible amenities and also out-of-city villas, for a care-free, comfortable lifestyle. 

A fantastic choice is Lusail City, one of the most sought after new developments embodying Qatar’s National Vision 2030. Known locally as ‘The city of the future’ with light railway networks, cycle and pedestrian routes, and a substantial amount of land area dedicated to open and green spaces – located on the coast, with entertainment and recreational facilities spritzed here and there.

If you would like to know more, contact our team at The Pearl Gates today. Our bespoke property investment and relocation advice can help you make the right decisions. We also provide the best deals on local properties for rent and sale in Qatar and unique interior design concepts.

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