Published on 22 March 2007 at 06:45 pm
Filed in Property News for Qatar » Excellent Mortgage News for Property Investors in Qatar
The majority of news coming from Qatar of late has been decidedly positive indeed. There have been announcements from the government that they are to commit to an impressive investment program to the tune of 65 billion dollars in energy products for example; they are also working with the private sector to diversify the economy away from such strong dependence on the energy sector…
…in addition to this Qatar’s GDP growth in the past year has been incredibly strong and all indicators point to ongoing economic success in the nation - and now we have some excellent mortgage news for property investors in Qatar which should make profiting from Qatari real estate investments ever more impressive.
As you’re no doubt aware The Pearl in Qatar is one of the most impressive and important property developments in the entire region and it is one of the few developments to allow foreign nationals, expatriates and international investors the chance to buy in and own outright.
Naturally enough the levels of interest in this expansive project have already been exceptionally strong, and now it has been announced that Doha Bank is teaming up with a leading developer within The Pearl to offer highly flexible and affordable financing deals for those seeking property in Qatar.
Doha Bank already offer some of the best mortgage deals in Qatar with financing available on up to 90% of the property’s value and interest rates in the region of 5% easily secured…but their new tie in and joint venture with Qatar Coral means that a specific set of properties within The Pearl development are looking particularly shiny and interesting for buyers and investors.
Qatar Coral - or Qatar Coral for Real Estate Development WLL to give the company its full title – have secured this impressive and unique deal with Doha Bank across two separate developments of residential towers within The Pearl and have set the precedent and the bar for the rest of the marketplace to compete with or at least live up to.
As all investors will know, the ability to leverage their capital through finance on such an important development as The Pearl is practically priceless. This coupled with all of the positive economic data and future predictions for Qatar’s economy that are prevalent in the press right now will likely result in strong inward flows of interest and investment into this specific project and lead the way for similar economic tie in deals in the near term.
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