Plot of Land
Hello everyone
I hope you people are able to answer my question regarding buying a plot of land.
I am aware that in case foreigners want to purchase properties in Qatar it is restricted to West Bay, Lagoon, Lusaille etc.
However, is it different when it concerns a plot of land????????
Also, do you know any banks who offer a competetive interest rate?? below 8.5%
Hope it's not toooooooo difficult questions.
In any case, I appreciate all the comments I can get.
Thanks!!!!!!!!!!!
Lou, Kaizen and Franky...
thanks for your responses.. Kaizen, it was a very useful link mate..
I tjecked today with Commercial Bank who offered a 8.25% interest rate..
Haven't seen QNB though.. Will have a look in the coming days.
But still, compared to Europe, these interest rates are sky high. But then on the other hand, the potential return could be pretty descent as well
what do you figure, the property prices would rise at least 15% a year????
I think the yield is not gonna be very high now, but will become higher during the next couple of years when more businesses invests in Qatar
http://qatarrealestate.blogspot.com/
the QNB offer 8.1%
Foreigners can only buy real estate and residential units in designated areas: The Pearl, West Bay Lagoona nd Al Khor Resort Project. The term 'real estate' is defined under qatari law to encompass 'lands, buildings and constructions thereof', it means that it also includes a plot of land.
no clue abt the banks, sorry