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.
@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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