Owning a property in the city of Lusail represents a great investment opportunity for citizens, residents and even foreign investors, as owning real estate in Lusail is a freehold system and obtaining real estate residence for residents and foreigners
What are the investment advantages and financing repayment systems?
For citizens:
According to Lusail City - if you are a Qatari citizen and are looking to buy a house or invest in real estate, according to the new real estate financing controls approved by the Qatar Central Bank, citizens will receive a large number of privileges
For ready-made or under construction properties for housing purposes:
Real estate financing up to 80% of the value of the property and a repayment period of up to 30 years.
For properties intended for investment or commercial purposes:
Financing up to 75% of the value of the property and a repayment period of up to 25 years
For residents:
As for residents, they will get Lusail properties with freehold with residence, in addition to taking advantage of the new real estate financing controls that help you buy your own property with attractive loan financing and longer repayment periods.
Prefabricated or under construction properties for private housing purposes:
Financing up to 75% of the value of the property and a repayment period of up to 25 years
Real estate for investment or commercial purposes
Financing up to 70% of the value of the property and a repayment period of up to 25 years
For investors:
Investors can take advantage of the new mortgage finance controls that have made it easier than ever to invest for a property in Qatar by obtaining financing from local banks on concessional terms and a longer repayment period, as well as the right to freehold and residence.
Financing up to 60% on ready properties and repayment period of up to 20 years
50% financing on properties under construction and a repayment period of up to 15 years
Qatar Central Bank had decided to make some amendments to mortgage financing controls.
The Qatar Central Bank has set a set of basic controls and requirements when financing ready and under construction properties for individuals for all purposes, which is one of the sources of payment of the salary for the customer so that the total deductions from the salary and social allowances for all types of obligations on the customer's salary at the banking system do not exceed 75% of the basic salary and social allowance for Qataris and 50% of the total salary for non-Qataris.
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