Invest Qatar Presents Real Estate Opportunities at MIPIM 2024 in France
The Investment Promotion Agency Qatar (Invest Qatar) organized the Qatar Pavilion, for the second consecutive year, at MIPIM 2024, the world's premier real estate event held in Cannes, France, in collaboration with Qatari Diar, United Development Company (UDC) and Ariane Real Estate, the Pavilion provided visitors with an exclusive glimpse of the latest real estate projects and investment opportunities in Qatar.
Invest Qatar's participation aimed to showcase Qatar's rapidly evolving real estate sector and its business-friendly regulations. Significant initiatives to streamline the real estate investment process for foreigners include establishing the Real Estate Regulatory Authority and enacting laws and reforms allowing non-Qatari real estate ownership. Additionally, Qatar maintains an unwavering commitment to enhancing its business environment and strengthening its position as a vibrant hub for investors.
In line with the national real estate promotion strategy, aimed at diversifying the economy and attracting foreign investment, Invest Qatar hosted a series of business engagements with industry leaders, developers, and investors. These networking meetings, held over the four-day event, facilitated connections between potential investors and Qatar's leading real estate developers.
Vice Chairman and Managing Director of Ariane Real Estate Mohamed Al Ali said: "The appealing returns and stability of the real estate market in Qatar makes it an attractive destination for foreign investment, supported by a stimulating and encouraging economic growth environment and the benefits of property ownership, all contributing to a conducive and encouraging climate. We are pleased to highlight during our participation in the 2024 International Real Estate Exhibition the significant growth potential of the real estate sector by showcasing our projects designed to reflect our vision and commitment to creating integrated, sustainable cities and communities. We engage with industry leaders and global companies to provide information about available opportunities in Qatar."
CEO of Qatari Diar Eng. Ali Mohamed Al Ali said: "We are pleased to participate in MIPIM 2024 at the Qatari Pavilion organized by Invest Qatar. These significant participations reflect the continuous efforts of the agency in promoting Qatari investments both locally and internationally, reaffirming its commitment to enhancing Qatar's position as a major investor on the global stage. Additionally, Qatari Diar's participation underscores its interest in bolstering its global presence in the real estate investment sector."
In the same context, Executive Director Commercial at UDC Faisal Nasser Al Emadi said: "This platform offers us an exceptional opportunity to spotlight our developments and investment prospects at The Pearl and Gewan Islands, while supporting endeavors to attract foreign investors and provide them with competitive returns and residency advantages in Qatar. The positive response from international investors underscores their appreciation for the high-quality standards, integrated services, facilities, and the rewarding investment potential of our developments." Established in 1990, MIPIM has become the annual meeting point for property developers, investors, city planners, and industry leaders from the international real estate space. This years edition drew over 6,000 investors and 22,500 delegates from more than 90 countries.
In a significant policy shift, Qatar opened its real estate market to non-Qataris, signaling a bold move to attract foreign investment and individuals by virtue of a Council of Ministers Resolution No.28 of 2020. This decision allows non-Qataris to own and use properties within 25 designated areas. This decision enables non-Qatari property ownership, including offices, shops, units and villas within residential complexes, as well as the development of real estate on designated plots of land. Additionally, it offers various residency privileges, such as residence permits, free healthcare, and education, provided in accordance with specific investment criteria.
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