What makes properties for sale in Lusail desirable to global investors in 2022?
Qatar is one of the most economically stable and fastest growing countries. The local government continues to make progress in developing environmentally friendly energy sources, emerging technologies and superior infrastructure. Most of this evolution revolves around the capital of Doha and its magnificent extensions, such as Lusail City.
Arguably, these government investments continuously increase Lusail's appeal as a delightful place to live, and Lusail's apartments and properties for sale amplify this incredible lifestyle offer. As a result, more and more investors are jumping on board to reap the benefits of real estate. Let’s discover why and what these benefits are.
Why do residents and investors love Lusail?
Lusail City is an urban masterpiece surrounded by "singing" dunes. It’s the first sustainable city in Qatar, featuring apartments for sale along Lusail Marina, brimming with stylish living options on the edge of tranquil waters. Imagine relaxing evening strolls past fountains, trendy food kiosks and fun for children.
Away from the marina is the urban area with a wide range of retail options, such as Place Vendome Mall with its high-end shops and indoor amusement park. Lusail is the place for fun, luxury and relaxation!
What investment returns can you expect locally?
Purchasing Lusail apartments for sale as rental investments offer excellent gross rental yields of 7.9%, which, perhaps to your surprise, beats other high-income nations around the world, such as the UK and France, to the top ten for 2022. The consistently high demand for rental accommodation is a key factor in producing such impressive returns.
Moreover, not too high property prices, combined with generous rental incomes from a global comparison point, essentially mean that investors have no difficulty paying off their mortgages or making a rental profit in Lusail.
What makes capital appreciation probable?
Another knock-on effect of strong housing demand is capital appreciation (increasing property prices), which is particularly evident in Qatar's fastest developing areas, such as Lusail City.
The FIFA World Cup 2022, held in the state-of-the-art Lusail Stadium in November this year, is also expected to play an important role in building property values and cause a boom in the real estate market.
Tourists will ascend the city to appreciate sportsmanship and incredible scenery and attractions, and workers from abroad will lay down new roots that will further stimulate housing demand and boost the local tourism industry.
Are there any limits for overseas investors?
Following a new law in 2020, there are virtually no restrictions for foreign investors who can buy Lusail properties over QR 730,000 and be granted residency for themselves and their immediate family (whether or not they wish to reside in Lusail). If you buy over QR 3.65 million, permanent residency includes significant health and educational benefits.