Buying properties in Doha

Sir,

1. facing - corner of lagoon and shopping plaza - space1---> 166m2 - 11th flr - 2 bedroom / 1 housemaid

room / 3 bathroom / kitchen / livingroom

TCP - QR1,300,000.00 (QR949,000.00 - 3 installment)

(QR351,000.00 - QR9,000.00/monthly)

2. facing shopping plaza - space2 ---> 94m2 - 21st flr - 2 bedroom / 1 housemaid room

/ 2 bathroom / kitchen / livingroom

TCP - QR860,000.00 (QR651,000.00 - 3 installment)

(QR209,000.00 - QR9,000.00/monthly)

Hope these questions below can help you.

1. When's the availability of occupation? - March

2008 handover

2. What's the duration for 3 installment? - 3 months (negotiable)

3. Total Number of months for Monthly installment. -

you will continue the balance for

2yrs for 94m2 space and 3 1/4 yrs for 166m2 space.

starting march

4. Any Tax applicable beyond the mentioned price? -

Freehold NO tax ni QATAR

5. What about registration? - sign an agreement for

transfer once agreed to buy the flat

6. Is the property in free zone? - yes

7. Residence Visa is available if buy this property? -

yes automatically. With this project, you get the residential card for you and your wife and kids including you parents.

on behalf of the owner,

dennis

http://www.ryusgeneralmerchandise.com

Winnie

We moved here one month ago. We live in a compound run by my husbands company. Please wait and see what you think of the quality of the workmanship in construction at the moment. We have what is known as 'quality' housing. The property is big but the finishings on the workmanship is rubbish eg plumbing and paintwork. We also have had problems with the a/c and water/ sewage. We are lucky in that we just call the co. maintenance people at no cost to us. I hear the horror stories of similar workmanship in top class developments. trying to find workmen/ builders plumbers etc can be a nightmare as there is often a language barrier. Sewage is an underlying problem (no pun intended). Come over and visit developments and ask around. Everything here is word of mouth. There are some good developments but I don't know them. Be aware alot of construction is going up so fast that corners are being cut. Cheap labour is brought in from abroad and these people have very little if any training and are on a time constraint more often than not.

By the way when you start to get your residents permit process going be prepared for a very frustrating and slow process. Ask here about the medical before you or your family do it. You will need to be prepared. You will laugh about it afterwards but not at the time.

Welcome on board. Sense of humour and endless patience required for survival.

just double post

totally over-priced and no one knows how the resale value will turnout, unlike Dubai, Qatar has just opened it's real estate market to expats so no one knows if the properties will depreciate or what.

u want to leave here then ?

is beyond me!

Thank you all for the info and advice!

Nina.

If you are determined to buy here (and I wouldn't, not yet anyway)you may want to look at the Damac development in Lusail. I think it is called The Piazza. These are leasehold only (99 years)and are due to be ready for occupancy in 2008. You can buy offplan now for about $320,000 for a 2 bed of around 1200 square feet.

Damac have a good reputation for quality but the fact that they are giving away free Jaguars with the property makes them sound both desperate and overpriced.

If you have recently sold a property in the US, congratulations, you got out just in time but don't exchange one bubble for another.

They charge something like $100,000 for a studio apartment.

The official site of the pearl is belonging to the developers (united development co.) they don't sell directly to individuals. check the investors sites:

http://www.sabbantowers.com/

http://www.thelandme.com/index.html

also you can see the lagoon plaza (not too far from the pearl http://www.darqatar.com

probably you won't find prices but you can contact them

good luck

I’ve actually seen this site before but haven’t been able to find any pricing information. I’ve even sent them an email requesting some pricing information but never heard back.

Could you please tell me where the prices are listed?

Thank you!

Nina.

Ridiculous prices though

http://www.thepearlqatar.com/main.aspx

Thank you so much for the quick responses.

Yes, it will be our first time in Qatar.

Unfortunately, I don’t think we can wait 3-4 months. As soon as my husband’s visa is processed, we will have to move.

The housing allowance is included in my husband’s base salary. Although his salary is very adequate, we would want to see if we could avoid wasting huge amount of money on renting an apartment. Therefore, we are thinking about buying.

I do greatly appreciate your advice. We would definitely give it more time before we make any decision as far as buying. Just to do a little investigation, do you know where I can find a list of properties for sale, so I can get an understanding of what we are dealing with? I’ve checked Gulf-Times but haven’t found anything.

Thanks again,

Nina.

Don't. Please, just don't even think about it right now. Is it your first time in Qatar? Get to know the place first, and I mean it, spend a couple of years here and then take a decision.

The property market here is an imaginary pinky bubble that will explode any time. I believe prices are at high peak now. Everything will fall.

rent is expensive cuz property has increased in value along with the sudden increase in demand so be prepared to pay alot and taking it on loans will just make things worse if ur on a tight budget, i hear that after the asian games rent will go down ( not property value ) so u should wait 3 4 months maybe a year and then make ur final decision, and as to what u heard its true, u can also own outside these areas but its not full ownership u have to share it with a qatari.