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rent a villa Qatar
rent a villa Qatar

The Emerging Real Estate Industry of the State of Qatar

The state of Qatar or locally known as Dawlat Qatar is a sovereign Arab estate which is located in the Western Asia region. The country is situated on the Qatar Peninsula which is a small part of Arabian Peninsula. The country only shares physical borders with the Kingdom of Saudi Arabia. The rest of its territory is surrounded by the Persian Gulf. The country gained independence in the year 1971 and since then it has emerged as a wealthy country and is included among the region’s richest countries. The country has the world’s largest reserves of oil and natural gas and has the largest GDP per capita figure in the whole world. Its economy is also considered to be the fastest growing among the countries in the world. This rapid growth of economy is due to the trading of natural gas, oil, petrochemical and other similar products. The population of Qatar is less than 2.5 million with the work force being the expatriates from different parts of the world.

The economy of Qatar is quite stable and is growing at a rapid rate due to the increasing oil prices in the international market. The basic economy is based on the oil and natural gas production and export which comprises of around 70% of the total revenue earned by the government. The country has oil reserves of around 15 billion barrels and natural gas reserves consisting of natural gas amount ranging from 80 trillion cubic meters to 800 trillion cubic meters. Due to the stable and rapidly growing economy, the standard of living of the people of Qatar is quite high. A lot of great facilities and amenities are offered to the citizens of Qatar. Labor laws have also improved in the past few years. All of these factors have made Qatar as one of the most desired places that a person wants to live and work at in order to improve their living standard by a significant amount.

The overall cost of living in Qatar depends on the life style that a person is used to getting. The people moving into the country have to take care of a few things and keep a few things in mind to lead a smooth life in the country. The common issue that was faced by the expatriates is that of accommodation. However recent developments and constructions have solved this problem for the people moving in the country to a great extent. There are a lot of residential properties available for sale in the country as well as the people can easily rent a villa, apartment or house service from a lot of firms operating in the region.

There are a lot of real estate companies that are operating in the country as well as many agents that can assist a person in obtaining a piece of property in the country of Qatar. These firms and agencies also provide Real Estate online services with the help of websites and forums through which the property can easily be obtained according to the requirement of the individual.
 


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