Friday 1 July 2011

The Peninsula - Residency for more property investors

Three foreign investors on The Pearl-Qatar have obtained Qatari residence permits, under the sponsorship of their properties, according to the new rule that allows non-Qataris to own real estate and residential property in the country.

A Jordanian, an Indian and a Briton have become the first property owners in the luxury island to receive Qatari residence permits under the new rule.

They join the few foreigners who have already been issued residence permits under Cabinet Resolution No. 6 of 2006 that allowed non-Qataris to own real estate and commercial properties in 18 locations in the country including The Pearl. The first two expatriates — a Pakistani and an Egyptian — had been granted residence permits under the new rule in April this year.


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