Investors at Pearl-Qatar island offered Qatari residency permit

Saeed al-Sulaiti and Abdulrahim al-Ibrahim at the press conference yesterday

United Development Company (UDC), master developer of The Pearl-Qatar (TPQ), has announced that all investors on the Island can apply for Qatari Residency Permits. Jordanian, Indian and British nationals are among the first property owners at The Pearl-Qatar to receive residency permits, under the new rule that allows a non-Qatari to own real estate and residential property in the country.
At a press conference announcing this development, Saeed al-Sulaiti, Head of Administration at UDC, said: “This announcement of the award of residency permits to the first three housing unit owners, who are nationals of Jordan, the UK and India, is a big step forward. This further enhances international investor confidence in this project. The Pearl-Qatar represents a monument of monuments, a milestone in Qatar’s past, present and future. This announcement also reflects the strength and security of the Qatari economy.”
Sponsorship for non-Qatari’s applying for residence permits will be held by the Ministry of Interior, who will also provide exit permits upon departure from the country.
Abdulrahim al-Ibrahim, Director of the The Pearl-Qatar Central Authority Directorate, said that only 5-7% of non-Qatari investors were actually expected to apply for residence permits.
Residence permits will be granted regardless of the number or size of property owned, and for the first time in the region, investors are able to sponsor their dependents and next of kin.
The Pearl-Qatar Central Authority Directorate (TCAD) is responsible for processing applications submitted by The Pearl-Qatar property owners. With more than 3,000 people currently living on the Island, the number of residents continues to experience significant growth.
Approximately 65% of the total TPQ project has been sold to investors representing 52 different countries, while the remaining properties are not yet for sale. Upon completion The Pearl-Qatar project will have around 18,000 properties for sale or lease.