Sabban Property Investments (SPI) is offering investors 40 to 45 per cent return on investment (ROI) through its high profile inaugural project, the QR 1.2 billion 'Sabban Towers' at The Pearl - Qatar. Investors who bought during the late 2007 to early 2008 have reported high returns as a result of the upward trend in housing prices and limited supplies in the country. In line with this, LifeStyle Homes and Properties, the renowned and reputed real estate sales and marketing consultancy in Qatar, currently in charge of the sales and marketing of the luxury residential project, is seeking to leverage the projected half a million families expected to shift to the country by 2012 by showcasing low-risk projects with high return on investment rates.
In addition to the current economic boom, the country is witnessing an availability of low-risk projects with high return on investment rates, and the Qatari Government has undertaken bold steps to update its foreign land ownership laws, thereby further buttressing the growth of its real estate landscape. The new legislation grants foreigners the right to 100 per cent land ownership and to build residential units in 18 locations, including the 'Pearl Island', 'West Bay Lagoon', 'Al Khor Resort', and the 'Lagoon Plaza' projects. In addition, foreign investors can also acquire residence visas from the Ministry of Interior. Backed by a team of highly trained consultants, LifeStyle Homes has identified the opportunity in aiding foreign investors find properties that will generate the highest profits, as they will surely be bombarded with massive amounts of information on the 16,000 apartments and more than 1100 villas that are set for completion in Qatar by 2010.
"To encourage foreign investment into the residential sector, the Qatari Government has made a strategic step, which will further fuel its already booming economy," said Arron Browne, Sales and Marketing Director, LifeStyle Homes and Properties. "Allowing foreigners to own and build residential properties, in addition to the huge number of housing units currently being built in the country, is taking the growth of the country's residential property market to a staggering speed. As a one-stop-shop that offers high value services to investors, we offer our expertise and turnkey real estate solutions to guide them through the wide-ranging opportunities available for investment and letting in Qatar."
"As many projects in Qatar approach completion, investors who have recognised the booming property trend in the country early on are now set to reap the rewards of their smart investments. However, new investors who have just identified the excellent prospects within the country can still leverage this booming industry. Our focus as a respected real estate sales consultancy in Qatar is to steer investors towards developments with outstanding ROI potential, whose returns are also expected to thrust the country to the forefront of the regional real estate industry along with other property powerhouses such as the UAE and KSA," concluded Browne.
Initially formed to serve as the exclusive sales agent for Sabban Property Investments' 'Sabban Towers' project, LifeStyle Homes has expanded its portfolio of services to become a real estate solutions provider to other leading regional developers. In addition to end-users seeking to rent or buy properties, the company's clients also comprise of investors looking for high value projects to resell or to lease.
