The Cabinet has given its nod to a draft resolution of the Council of Ministers that determined the areas where non-Qataris are allowed to own and use real estate.
The resolution paves the way for implementation of Law No. 16 of 2018 on the regulation of non-Qatari ownership and use of real estate, the official Qatar News Agency (QNA) reports.
After HE the Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani chaired the Cabinet's regular meeting at the Amiri Diwan on Wednesday, HE the Minister of Justice and Acting Minister of State for Cabinet Affairs Dr Issa bin Saad al-Jafali al-Nuaimi said the Cabinet gave approvals pertaining to the following: allow the ownership of real estate for non-Qatari individuals and non-Qatari commercial companies and real estate investment funds; determine 10 areas where non-Qataris can own real estate; determine 16 areas for the use of real estate by non-Qataris for 99 years; allow non-Qatari ownership of residential villas within residential complexes; allow non-Qatari ownership of shops within commercial complexes; and grant residence to non-Qatari owners of real estate whether for the purpose of housing or investment throughout the period of ownership of real estate.
A press conference will be held next week to explain the details in this regard, QNA said.
In December last year, the Cabinet had approved a draft decision to form a committee to regulate non-Qatari ownership and use of real estate and determine the committee's work system and remuneration.
Under the provisions of Law No 16 of 2018, non-Qataris may own and use real estate in the areas in accordance with the conditions, controls, benefits and procedures, which shall be determined by a decision of the Council of Ministers upon the proposal of the committee, Gulf Times had reported.
In another development, the Cabinet yesterday approved a draft resolution of the Council of Ministers appointing the administrative units comprising the General Tax Authority and determine its terms of reference.