For myself, I wouldn't buy anywhere in the GCC. It has only been in the last 5 years expats were allowed to purchase - what is given can be taken away, and investors will have little legal recourse - especially if they can't stay in the country to fight it out in the courts.
Another point, how many building do you see in Qatar that are 10 years old, 15 years old, 20 years old, etc.? An add on question, on those older buildings, how many are in good repair/maintained to a quality standard/have been renovated to reflect upgrades in electricity/plumbing/AC etc.?
In many other countries, people have worked to build and maintain and renovate their homes/buildings in order to keep them up to date and safe - that doesn't happen here often. As a flat owner in any one of the projects, will you be able to keep your investment at the same value at which you purchased for the next 20/30 years?
Most of the Qataris I talk to think that a house is "old" if it is more than 10 years old - they're always surprised to learn that my wooden house in North America was built in the 1920s and is very comfortable.
For myself, I wouldn't buy anywhere in the GCC. It has only been in the last 5 years expats were allowed to purchase - what is given can be taken away, and investors will have little legal recourse - especially if they can't stay in the country to fight it out in the courts.
Another point, how many building do you see in Qatar that are 10 years old, 15 years old, 20 years old, etc.? An add on question, on those older buildings, how many are in good repair/maintained to a quality standard/have been renovated to reflect upgrades in electricity/plumbing/AC etc.?
In many other countries, people have worked to build and maintain and renovate their homes/buildings in order to keep them up to date and safe - that doesn't happen here often. As a flat owner in any one of the projects, will you be able to keep your investment at the same value at which you purchased for the next 20/30 years?
Most of the Qataris I talk to think that a house is "old" if it is more than 10 years old - they're always surprised to learn that my wooden house in North America was built in the 1920s and is very comfortable.
Signature line > "You can't fix stupid"