18 areas in which you can purchase property as a non Qatari.
The best known of which are the areas stated previously, The Pearl and West Bay Lagoon (inc. Zig Zag Towers). Also there is Lusail, a whole new city which is presently being built next to the West Bay area, and where the first apts in 'Foxhills' will be available to move into from mid 2013. These will be made up of low rise apartment buildings built around Italian style Piazzas.
Additionally there are 14 other areas, within central Doha, in which you can purchase residential property or land, however these are mainly in the older and far more built up areas of Doha.
If you require more information on available properties or land, then please take a look at our website:
www.mirageproperty.com
where you will find a good selection of properties available for purchase. If there is anything of interest or you require further info, please feel free to contact us directly, via the 'Enquiry' button on the website. One of my sales consultants will then respond and try to assist in any way they can.
Once you have chosen your ideal property, a reservation agreement is to be signed with the seller and a reservation deposit needs to be paid (will form part of the purchase price).
2. Mortgage Pre-assessment
Even most mortgage lender grant mortgage upon the completion of a project, if mortgage is crucial for buyer, we suggest buyer to communicate with banks and have a pre-assessment on how much buyer can borrow, prior to signing of property contract.
3. Due Diligence
Prior to signing of property contract, we suggest buyer to carry out a due diligence check on the developer and development on the following:
the company registration certificate (if the seller is an entity) or proof of seller's identity (if the seller is a private individual) or proof of a personal who is duly authorised to sign all legal documents (if the seller is an entity or an attorney of the seller)
the title certificate for the land
the planning permission/consent
the building licence
all other relevant permissions for the commencement of the project
any lien, debt, development finance, or encumbrances against the land and/or the project
at least one of bank guarantee, insurance and/or assurance ensure the completion of the project or an escrow system to provide security for the buyer's property payments
an independent quantity surveying (QS) system during the construction period
The above due diligence check is more appropriate to be done through a local law firm or conveyancing lawyer.
4. Exchange Contract
Before singing preliminary purchase contract, buyers are suggested to consult a local law firm or conveyancing lawyer on analyse the risk, any unfavourable terms of the contract. Upon signing of the contract, first instalment/payment is often required.
5. Ownership Certificate
Once the property is completed, the following procedures need to be completed in order for the seller to transfer the final title to the buyer:
a. Bring the title of the property to the archive office of the real estate registry
b. Fill sale-purchase agreement that is available in the real estate registry
c. The archive office registers the title information in the Archive database
d. The seller takes the file from the archive office to the registrar office in the real estate registry
e. The registrar office checks non-encumbrances
f. The buyer pays the transfer fee at the real estate registry
g. The notary office checks whether the seller is the owner before allowing the transfer to take place
h. The director of the real estate registry office approves the transfer agreement
i. The buyer takes the approved transaction to the registrar office for final records
There is no specific procedure or process. All what you need to do is to choose what you want to buy and to finalize the deal amongst the three of you (owner/agent, Bank and you)...
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18 areas in which you can purchase property as a non Qatari.
The best known of which are the areas stated previously, The Pearl and West Bay Lagoon (inc. Zig Zag Towers). Also there is Lusail, a whole new city which is presently being built next to the West Bay area, and where the first apts in 'Foxhills' will be available to move into from mid 2013. These will be made up of low rise apartment buildings built around Italian style Piazzas.
Additionally there are 14 other areas, within central Doha, in which you can purchase residential property or land, however these are mainly in the older and far more built up areas of Doha.
If you require more information on available properties or land, then please take a look at our website:
www.mirageproperty.com
where you will find a good selection of properties available for purchase. If there is anything of interest or you require further info, please feel free to contact us directly, via the 'Enquiry' button on the website. One of my sales consultants will then respond and try to assist in any way they can.
I look forward us being of assistance.
Kind regards
Craig at Mirage
...in the pearl, west bay lagoon and Barwa Al-khor (Law no.17 of 2004).
Procedures for buying are
http://www.propertyfrontiers.com/research/country-guides/africa-and-the-middle-east/qatar/buyers-guide.aspx
1. Reserve the property
Once you have chosen your ideal property, a reservation agreement is to be signed with the seller and a reservation deposit needs to be paid (will form part of the purchase price).
2. Mortgage Pre-assessment
Even most mortgage lender grant mortgage upon the completion of a project, if mortgage is crucial for buyer, we suggest buyer to communicate with banks and have a pre-assessment on how much buyer can borrow, prior to signing of property contract.
3. Due Diligence
Prior to signing of property contract, we suggest buyer to carry out a due diligence check on the developer and development on the following:
the company registration certificate (if the seller is an entity) or proof of seller's identity (if the seller is a private individual) or proof of a personal who is duly authorised to sign all legal documents (if the seller is an entity or an attorney of the seller)
the title certificate for the land
the planning permission/consent
the building licence
all other relevant permissions for the commencement of the project
any lien, debt, development finance, or encumbrances against the land and/or the project
at least one of bank guarantee, insurance and/or assurance ensure the completion of the project or an escrow system to provide security for the buyer's property payments
an independent quantity surveying (QS) system during the construction period
The above due diligence check is more appropriate to be done through a local law firm or conveyancing lawyer.
4. Exchange Contract
Before singing preliminary purchase contract, buyers are suggested to consult a local law firm or conveyancing lawyer on analyse the risk, any unfavourable terms of the contract. Upon signing of the contract, first instalment/payment is often required.
5. Ownership Certificate
Once the property is completed, the following procedures need to be completed in order for the seller to transfer the final title to the buyer:
a. Bring the title of the property to the archive office of the real estate registry
b. Fill sale-purchase agreement that is available in the real estate registry
c. The archive office registers the title information in the Archive database
d. The seller takes the file from the archive office to the registrar office in the real estate registry
e. The registrar office checks non-encumbrances
f. The buyer pays the transfer fee at the real estate registry
g. The notary office checks whether the seller is the owner before allowing the transfer to take place
h. The director of the real estate registry office approves the transfer agreement
i. The buyer takes the approved transaction to the registrar office for final records
j. Buyer receives the final title in his name7
khannan, jawad, what areas can expats buy VILLAS in?
Do you know any agents who can can give more info on this?
absolutely NOT!
Keep in mind that there are designated areas where an expatriate can buy.
There is no specific procedure or process. All what you need to do is to choose what you want to buy and to finalize the deal amongst the three of you (owner/agent, Bank and you)...
I have done before you in the Pearl.
Yes they can, in certain areas.