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Qatar Sotheby's showcases exclusive international and local property.

QATAR DISPLAY

Based on various reports Qatar Government allocation of $130 billion to finance infrastructure and related real estate projects over the next few years, with this alone we can only anticipate the property sector growing healthier. Today everyone in Qatar is also indeed excited about the FIFA 2022 games with new stadiums to be built for the event, also a new airport with no queues, these all have a great impact on Qatar employment opportunities, tourism & hospitality, manufacturing, retail, real estate and stimulating the economy. The unfortunate turmoil in Bahrain and certain parts of North Africa has further made Qatar a safe haven for investors.

Mr. Mike Good, CEO of Sotheby's International Realty via a video recording thanked Qatar Sotheby's International Realty & it's owning companies Qatari Diar and QREP for bringing many of the affiliates to Doha, Qatar, and for undertaking such a unique exhibition.

Kamal Hafez, Associate at Al Tamimi & Company International Ltd Law Firm explained that The Minister of the Interior is authorised to issue entry visas and residency permits to Non-Qatari purchasers of freehold and usufruct interests in real estate located at any of the abovementioned areas. Residence permits in this case are issued for a period of five years and can be renewed. Once a residency permit is issued, the resident may sponsor his/her spouse, children and parents. However, additional approval (as is normally required) will be necessary in order to be granted a work permit in Qatar.

TURKEY DISPLAY

An amazing array of properties starting from US$2,500 per Sq.M. As the prices in European countries gets higher, Turkey becomes more and more inviting for foreigners to buy property. With beautiful sunshine fairly constantly Turkey is inviting to tourists all year round. Also Turkey anticipates to become a member of the European Union, therefore, the property you buy today may yield to be one of the greatest investments that you could ever imagine.

MANHATTAN, USA DISPLAY

Properties in Manhattan starting from only US$ 329,000 the inventories are shrinking and prices are again starting to increase. For sellers - this is the time to collect a realistic return on the investment. For buyers, this is the opportunity to secure an exclusive dream home at a fair price, said Kevin Brown, Senior Vice President for Sotheby's International.

SWITZERLAND DISPLAY

Starting from USD 200,000 to USD 250 Mil - For years Switzerland has been inviting for Middle Eastern clients, especially in Geneva, Montreux and the area around Lake Geneva and the mountain regions in areas such as Gstaad, Crans Montana, Verbier, etc., said Natalie Mik, Head of Luxury & Int. Markets at de Rham SA, our clients from the Middle East adore Switzerland's stable economy, beautiful landscape, climate and top education system. The big advantages of moving to Switzerland are; 1. Lump sum taxation 2. Lifestyle (mountains, lakes, forests) 3. Top infrastructure 4. Schooling system 5. Security 6. Location (center of Europe).

PORTUGAL DISPLAY

One of the most popular destinations for the British, means that they have also been buying property in Portugal for many years. The superb beaches and coastline, along with an abundance of economy flights from all UK airports, have attracted many British property buyers. In recent years Portugal has also noticed a large number of buyers from the Middle East, consequently, being in Qatar now brings us closer to our distinguished clients. Numerous styles of linked villas and apartments are available to purchase off-plan, from the classic Portuguese style to the unflinchingly modern, all with top-quality finishings. Meanwhile, a wide choice of plots are available throughout the resort, to cater for the tastes and needs of all clients wishing to build their own dream home, one which will fit harmoniously into the environment. Investors in Portugal particularly the Algarve can expect a ROI of 5% said Artur Carlos Simes.

MOROCCO DISPLAY

Unlike most countries in the region, Morocco has long encouraged foreigners to purchase and invest in property in the Kingdom. Foreign citizens can freely buy, rent andinvest in land and real estate in Morocco (except agricultural land). With no Inheritance tax Morocco appeals to Europeans over countries such as Spain. Most Europeans particularly the French and also GCC nationals find the Moroccan culture and norms more appealing than even Europe and the West. Despite the uprising in Egypt and Tunisia,Morocco has noted that people do like their King and the same is evident across the social networks. Many International companies are now relocating their head offices from neighbouring countries to Morocco. Importantly, investors in Morocco over the next 5 years are expected to make healthy returns, said Jasmine Smith who is also managing Morocco - Sotheby's International Realty.

Our eminent Developers today are displaying properties such as the most exclusive Jnan Amar Polo Resort in Marrakesh, Le Palmier Rouge in Marrakesh, Le Palmier Development with display of properties from across Morocco and the Samanah Tangier, offering attractive payment plans to investors and holiday home buyers. We also have a number of single unit listings ready to move into and to suite all budgets.

EGYPT DISPLAY

Egypt - Sotheby's International Realty also had a prominent position at the exhibition offering exceptional investment opportunities from selected elite developers and single unit listing to suite investors big or small. Egypt continues to offer less property taxes than paid in the UK, no capital gains tax, foreign investors are regarded as a big investment opportunity and laws streamlined procedures.

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Publication:CPI Financial
Date:Apr 28, 2011
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