Real estate prices in the Qatari city of Lusail...

Real estate prices in the Qatari city of Lusail witnessed a remarkable increase during the last quarter of last year and the beginning of the new year, including residential and administrative units, rent and ownership.
According to the expectations of real estate experts, prices will continue to increase during the coming period, for several reasons, the most important of which is that Lusail is one of the modern areas in Qatar that were included in Qatari Cabinet Resolution No. 28 of 2020, and it is permissible to own and use real estate for non-Qataris, and it is one of the areas Included in freehold ownership, in addition to other areas such as West Bay (Legtaifiya), The Pearl, Al Dafna, Al Khor Resort, Onaizah (administrative region), Al Kharaij, and Jabal Fox.

The completion of a number of real estate and service projects in the city during the current year will push prices further up.

integrated city
Lusail is an integrated city, which was built in recent years and includes dozens of hotels, administrative units, ministries headquarters, economic and financial institutions, and banks. It was planned to accommodate approximately 200,000 people. Its planning includes many entertainment venues, medical, sports, marketing, commercial and administrative facilities. It is located north of Doha, next to an island The Pearl, divided into four islands and 19 districts.

Expanding the circle of foreign ownership revives Qatar's real estate
Among its most prominent landmarks is Lusail Stadium, which will host many matches of the 2022 World Cup. Lusail includes Qetaifan Island, which is part of the mainland of Qatar, and a waterway has been established in it, making it part of the Arabian Gulf and Lusail, with many recreational areas. This is in addition to Seif Lusail, a place that contains various tourist and entertainment facilities, such as cafes, commercial markets, and places of recreation with various tools and equipment.

attractions
Regarding the future prices of real estate units in Lusail during the coming period, Khalifa bin Khamis Al-Maslamani, a real estate expert and appraiser approved by the Supreme Judicial Council and Banks, said: "The city of Lusail and its neighboring areas such as The Pearl and West Bay are considered to be among the areas that attract investors because of their unique advantages. And in light of the decisions and laws that allow foreigners to own and enjoy the right to benefit in that area, it is expected that prices will continue to rise during the current year.”