Qatar utilizes the revenues of its vast wealth of oil and gas in other sectors to expand its economic base and develop a strong private sector. And through its full and active membership in the World Trade Organization and flexible business regulations. It works to attract foreign investors to engage in other economic sectors; besides oil and gas in the country. Qatar provides many investment incentives, including low electricity, water, and gas rates; exemption from import taxes on heavy-duty machinery.
And their spare parts and raw materials; exemption from import taxes; unlimited quantities of imported materials. There are no restrictions on money exchange and transfer of profits abroad, and flexible regulations and procedures to import skilled and unskilled workers.
Lusail: The City of a Lifetime
Lusail extends 38 square kilometers and includes four exclusive islands and 19 multipurpose residential, mixed-use, entertainment, and commercial districts. Featuring 22 hotels with international star ratings, Lusail’s vibrant, multicultural hodgepodge promises a boon for Qatar’s hospitality, tourism, and investments.
The city will be home to more than 200,000 residents of its scenic surroundings, 170,000 professionals in its 19 districts, and 80,000 visitors to its entertainment, recreation, and retail and hospitality facilities, a population of nearly 450,000 people.
Each of Lusail’s districts features an array of residential, commercial, hospitality, and retail destinations, integrating communal living in a self-contained model, complete with schools, mosques, medical facilities, sports, entertainment, and shopping centers.
The Pearl, Qatar
Pearl Qatar is a man-made island near Doha’s prestigious West Bay District. Featuring Mediterranean-style yacht-lined marinas, residential towers, villas, and hotels, the area also offers a luxurious shopping experience with premium designer boutiques and showrooms.
The Island is also home to modern dining spots – from refreshing ice creams to five-star culinary experiences. And stands out for its pedestrian-friendly squares and plazas, along with its wide range of landscaped gardens.
The Pearl is a popular visitor attraction by its elegance and inviting descriptions, such as the ‘Arabian Riviera.’
The West Bay
The building complex in Doha
Edging the Persian Gulf, West Bay is the site of City Center Mall Doha, with its mainstream stores, plus global trade fairs at the Doha Exhibition & Convention Center.
Qatar National Theater screens movies and stages local plays, while Msheireb Enrichment Center has Qatari history displays. The seafront Corniche Promenade has cycling and jogging lanes, and the area is noted for fine-dining restaurants and upscale hotels.
Msheireb Downtown Doha
Msheireb is the world’s first sustainable downtown regeneration project. That will revive the old commercial district; with a new architectural language that is modern. Yet inspired by traditional Qatari heritage and architecture –its proportion, simplicity, space, light, layering, ornament, and response to climate.
Utilizing the latest sustainable technologies, Msheireb will adhere to the highest standards in green building. The strategic objective of the Msheireb project is to reverse Doha’s development. The pattern has tended towards isolated land use, reliance on car transportation, and energy-hungry structures.
Before Investing In A Luxury Property
Are you fascinated by investing in property and real estate in Qatar? Knowing what to do should be a priority if you are a foreigner who loves the idea. Owning a luxury property away from home is possible if you conduct the proper research and deal with genuine sellers. Learn more about investing in a luxury property in Qatar.
Check out these tips to make your investment in Qatar an intelligent move.
Understand The Type Of Property
There are different types of properties in Qatar that range in style and details. It is possible to find luxury properties in Qatar as apartments, condos, and even townhouses. Some of them come as private properties that are very highly valued.
Depending on your goals and intentions, knowing where you want to put your money is crucial. For people seeking a great holiday home, private property would be ideal compared to those who want a return on investment. The second group may go for condominiums and apartments, which may fetch quick cash.
Check Your Budget
More often than not, a budget is crucial for any purchase, especially in the property business. There will always be properties priced differently depending on one’s pockets. Note that the more detailed a property is, the more likely it is to fetch higher prices. Make sure you understand this well. Unless you have a lot of cash to spare, stick to a budget that makes sense based on your objectives and goals.
Consider The Location
Just because a property is a luxury does not make it ideal. Sometimes, great property may be situated in an inappropriate locality that you keep off. Depending on your investment goal, location is crucial. You want to pick an attractive place for potential clients, especially if you intend to convert the property into a luxury resort or business. On the other hand, different factors may affect your choice of location when picking something for you and your family.
Read More :5 Must-Haves In Your Real Estate Buyers’ Consultation
