REAL ESTATE IN DOHA

Thats the prices they were at the time.

I'm buying another one soon for around 1.8m (although valued at around 2.1m)

A year and a half ago, properties were a bargain but people didn't jump into the bandwagon

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whaomi, thi price is unbelieveable! what did u do? put a gun to the guy's head???

thanks DohaSteve.

@irf, yes and you can renew your lease for another 99 years, so your grand children are safe.

@ratso, actually, 1.05 m not 1.2m.

So far I've made a very nice profit. At the time everyoone said "that's too expensive, it wont go up much". But now I'm smiling ^_^

but yeah, that Damac deal is insane! I went there thinking I'd get another bargain but they were ridiculous!

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whoami u bought a 163sqm for 1.2m only!!!?...

that means 684qr/ft2!.... wooww very cheap!

damac is selling for 2000qr/ft2 in the yet desert lusail...

it's in your Inbox

sime guys, we will not be alive in 99 years but try to do good for u r grand childern, if u buy free hold

... because even after the 99 years, the lease is extended for another 99 years, ad nauseum ...... it's not like you can sell the land separately or anything

brave of u because it is the first question ppl ask prior to purchase. i think it is lease hold too but yes it is a big deal. middle east is a strange place!!!

Sorry, no idea but I think leasehold. I don't know what the fuss is about. In London, people have been buying leasehold for many, many years, and it's not an issue.

@lamea, QNB gets first dibs when it comes to projects. If we don't deal with the project as a whole, we at least have some sort of interest in it.

@dohasteve, send me a pm with details on your apartments, I might buy them

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i dont know why it gets posted as a double!!! sorry again!

doh steve is ur property free hold or leasehold?

doh steve is ur property free hold or leasehold?

I'm not going to get into the prices, as I have just been accused of using another forum topic "Property Developers: Killing the Golden Goose" to try and sell both the apartments I have at Sabban Towers, when in fact all I was trying to do was make people aware of how overpriced Damac have launched their latest development at.

However, from what I understand regarding the visa, residency is given to the owner, spouse, children and parents. And does it really matter if it's freehold or 99 years? How many of us will still be here in 99 years anyway?

Whoami, I am using QNB for my financing too and was going to PM you about it (don't want to post such things in public), but I don't normally PM unless invited to or replying to someone.

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oops sorry for the double post!

u  know whoami the funny thing is the lady at pearl said the pearl is freehold!~!!!  now i dont trust any of them.

well does QNB cover all projects? only selected ones tha they have made a deal with?

u  know whoami the funny thing is the lady at pearl said the pearl is freehold!~!!!  now i dont trust any of them.

well does QNB cover all projects? only selected ones tha they have made a deal with?

@lamea, its 8.35

at other banks like doha and commercial it's 7% but that does not include certain fees and insurance. QNB covers everything within its rate.

Just so there is no confusion, as far as I know the Pearl is leasehold. This means that it is owned for 99 years.

The Lagoon tower is Freehold.

In Lusail, it's a mixture of Leasehold and Freehold. I know that the new Damac towers in Lusail (which are WAAAAAAAAAY over priced) is Leasehold.

The best thing to do to confirm whether it is freehold or not is to just give them a ring and ask. They can't lie because at the end of the day it's in the contract.

(One of my specializations from my degree is International Corporate Contract Law)

A friend of mine in the office is British and he's been told Freehold too. I'll call today and confirm this to put your mind at ease though.

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they have it on print"freehold for non qatari"but they simply mean non qatari gcc passport holders!!!! not all expats.

i am still not clear on the freehold issue. the lady at the pearl(UDC) as well as the Al Madar (paradise tower) insisted that everything in lusail is on lease and not freehold. later when my dad( who was visiting from uae) grilled the guys from al dar  we realised that zig zag is also on lease not freehold. although initially they insisted it was freehold.

before buying anything pls check in depth. there are double meaning words everywhere on the documents. they promise something and once u have signed things turn out differently.

well good luck on ur investments.

ok thanks for the correction.

what is the rate of interest on mortgage offered by qnb

another thing,the price i quoted is of one bed apt in piazza(damac) as well as for the pearl(UDC)

@lamea, I can guarantee that it's freehold for expats too. A couple of colleagues are interested in buying a place and that's what they were told too by Dar. I work in Corporate Investments in QNB, and we're the one's who funded the majority of their project.

(on a side note, those promotion guys at villaggio are idiots and overcharging, they said it was 1.8m for a 2bed apartment minimum and I just found one for 1.6 (same exact apartment).

You said "one bed apt in qatar is over 1.5 million " but I just bought one (My 3rd in Lagoon Tower) for 1.2m yesterday.

My 1.2m is 163sqm and above the 10th floor.

My 2.2m at the pearl Saban is 175sqm.

There was a 1 bedroom at Tower 31 (the most exclusive tower) on the 18th floor for 1.9m

In the same tower I just bought a studio for 1.1m also on the 18th tower. (and this is the highest you can get at the moment).

I'll put you in touch with some agents if you like.

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we had a detailed talk with the zigzag tower agent at a promotion in villagio and eventually he admitted it is also 99 year lease for non qatari. freehold only for qatari and gcc natioonal.i distinctly remember the price of a two bed   1.3 and above.

have u checked out the present prices.bear in mind that prices are related to the size of the apt and may vary accordingly and they are constantly rising. i mean the prices i enquired last month have gone up by atleast 200000 by now. my friend bought a two bed at sabban towers for 1.89mil and in a month its price has gone up by 150000.

if u are talking about almadar project then frankly we rejected it because its payment was not related to its construction. meaning u kepp paying but there is no guarantee whether and when they will build.this is a technicality many fail to consider.

@lamea, I'm sorry but you are wrong.

It does not start at 1.5million.

You can get one at Paradise Lusail which is said to be done at the end of 2009 for 800k

You can get a near ready flat at the pearl for 1.4m

You can get a near ready 2 bedroom flat at the Lagoon Tower (Zig Zag) for 1.2m

You are also wrong about the 99year leasehold too. The Lagoon Tower for example is Freehold.

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my father is a real estate investor in ajman and dubai and according to him almost all properties in ajman are free hold instead of 99year lease in qatar.

here on hand over of property the owner will get a five year renewable visa for immidiate family.

one bed apt in qatar is over 1.5 million but bear in mind this is qatar. ajman market depends a lot on its close proximity to dubai but dubai market is not thriving as it used to.dozens of building,ready and handed over are still lying vacant and soon the rents as well is prices will fall due to the over suppy. a decline in dubai market will have a major effect on ajman market.who would want a flat in ajman when one is available in dubai.

qatar property market is still in its infancy with a lot of scope for increase.secondly Qatar government has the money to make this venture succeed at all costs just like the asian games. they sure have the money for it.

moreover with mega projects such as energy city as well as  entertainment city the lusail area will be hot property. prices are expected to rise even further.

if u are still interested in ajman and have ready cash then buy ready flats instead of booking in a new project because they are cheaper. soon the prices there are about to rise because so far there was no bank finance available  but now Ajman bank is coming up to help ppl  with finance.

do not know exact rate here... but one bed room could be million or so..... have u purchased in ajman or anywhere else what's ur experience