Qatar, much in alignment with its counterparts in the GCC has seen a consistent and rapid growth in the real estate sector because of multiple reasons. The key incentive provided by the government is tax benefits. Qatar relatively imposes less number of taxes as compared to other countries. There is no tax on personal income, inheritance, value added tax, etc. There are also no property taxes.
There is also no tax liable out of capital gains from sale of property. In case of capital gains received by non-Qatari residents, the capital gains tax is 10%. Even then, there is provision of capital gains tax return. The cost of living in Qatar is actually reasonable and lower than most developed countries.
Let’s look at the three best locations of Qatar from real-estate investment point of view.
- The Pearl
Renowned as “The Most Glamorous Address in the Middle East,” The Pearl-Qatar, or simply The Pearl, exemplifies a luxurious lifestyle. Situated on an artificial island off the coast of West Bay, it boasts scenic waterfront promenades, upscale retail destinations, and opulent residential properties. The real estate options in The Pearl encompass a variety of extravagant dwellings, including villas, apartments, and townhouses. Notably, this prestigious development comprises 12 distinct districts, each with its own distinctive character and charm. Of them, the best in terms of real estate investment are Beach Villas, Costa Malaz, Medina Centrale, and Viva Bahriya.
- West Bay
For those seeking breathtaking cityscapes and upscale shopping centers in Qatar, West Bay is the perfect destination. This vibrant waterfront district offers a cosmopolitan lifestyle, characterized by soaring skyscrapers, contemporary architecture, and luxurious residential properties. Notably, West Bay is also home to the exquisite West Bay Lagoon, an exclusive gated community renowned for its waterfront villas, lush parks, and a diverse range of amenities. It’s worth mentioning that, similar to The Pearl, foreigners and expatriates can purchase freehold properties within West Bay Lagoon, further adding to its appeal.
- Lusail
Spanning an expansive area of 38 square kilometres, Lusail is a city in Qatar that comprises four exclusive islands and 19 diverse districts catering to residential, commercial, entertainment, and mixed-use purposes. With an impressive selection of 22 internationally-rated hotels, Lusail’s multicultural environment is poised to significantly boost hospitality, tourism, and investment opportunities in Qatar. Lusail prioritizes green and sustainable living, evident through the presence of lush greenery, pocket parks, and two major park networks—the Crescent Park and the Wadi Park. These elements offer ample space for walkways, sports fields, bicycle lanes, and access to marina promenades and water bodies, enhancing the city’s environmental ambitions while providing a high quality of life for its residents and visitors. The city is designed to accommodate over 200,000 residents amidst its scenic surroundings, while its 19 districts will house approximately 170,000 professionals. Additionally, Lusail is expected to attract around 80,000 visitors who will enjoy its wide range of entertainment, recreational, retail, and hospitality facilities, resulting in a vibrant population of nearly 450,000 individuals.
