Qatar Opens Struggling Property Market to Foreign Ownership
- Latest step to boost economy following Saudi-led embargo
- Real estate prices down 20 percent from their 2015 peak
City skyscrapers stand on the skyline in Doha.
Photographer: Gabriela MajThis article is for subscribers only.
Qatar will allow foreigners to own property, the latest in a series of measures aimed to stimulate the gas-rich country’s economy more than a year into its boycott by Gulf neighbors.
Under a new law issued Tuesday by Qatar’s Emir Sheikh Tamim Bin Hamad Bin Al Thani, foreigners will be able to own property in areas designated by Qatar’s cabinet, according to the official Qatar News Agency.