Nov 08, 2020 by NextFairs
Organized by "NeXTfairs" under the Patronage of His Excellency the Prime Minister on March 22
Rawad Sleem: All health measures are applied to protect against Coronavirus
The exhibition targets citizens who are looking for building, designing, or renovating their homes
Accelerating the development of citizens' lands and qualifying their housing vouchers
Expectations of increasing foreign investment inflows in residential real estate
NeXTfairs, the leading and specialized company in organizing events, announced organizing the second edition of "Build Your House 2021" exhibition at the Qatar National Convention Centre from March 22 to 24, 2021, under the patronage of His Excellency the Prime Minister and Minister of Interior, Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani. The exhibition has succeeded in attracting wide participation from the government and private sectors as well as other international companies, as it represents a unique commercial platform for local and international companies that allows consultants, contractors and suppliers to offer their services and products to the target audience, and sign deals that exceeded 400 million Qatari riyal in the first edition.
NeXTfairs, which has more than 15 years of experience, is organizing the second edition after its success in organizing the first one, which was well received by the public. More than 120 local and international companies participated in the first edition of the exhibition, and the number of visitors exceeded 10 thousand visitors, in addition to the surveys conducted by the company that showed a very high rate of satisfaction with the services and offers presented during the exhibition. NeXTfairs, along with supporters from the public and private sectors, seeks to make the edition of "Build Your House 2021" successful and revitalize the construction and housing sector, while life is getting back to normal after the Coronavirus (Covid-19) pandemic.
Rawad Sleem, General Manager of NeXTfairs, said: “We express our thanks and gratitude to His Excellency Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, Prime Minister and Minister of Interior for his sponsorship of (BYH 2021) exhibition organized by NeXTfairs for the second year, which indicates the importance of the event that has become a platform in which representatives of relevant government agencies meet with citizens and agents in the housing and construction sector. Our entire team would like to extend thanks and appreciation to the Ministry of Commerce and Trade, Ministry of Municipality & Environment, General Administration of Civil Defence, public works authority (Ashghal), Qatar General Electricity & Water Corporation (KAHRAMAA), for their continuous support and participation in the previous edition of the exhibition "Build your House 2020".
Sleem added, "We assure all partners and supporters that NeXTfairs expends all its energies and experiences to make its partnerships successful so that "BYH 2021" becomes an exceptional edition by all standards that its quality and feasibility exceed expectations. NeXTfairs is honored to announce the list of sponsors of “BYH 2021”, which includes: “Tadmur Trading” as the Founding Partner, “Al-Jaber Group” as the platinum sponsor, “Al-Hattab” Holding as the golden sponsor, while the two silver sponsors are “Al-Tabaaion Trading & Contracting” and “Kayan Consulting Engineering”, and the supporting partner “Qatar Society of Engineers”.
Sleem stressed that the exhibition will apply all precautionary measures to protect against Coronavirus to preserve the safety and health of companies, participating entities and visitors and to ensure the best safe experience, pointing out that Build Your House exhibition is the first of its kind in the local market that targets Qatari citizens, who are looking for building their own houses; to help them to obtain ideas and information about building their new houses or renovating their existing ones. The exhibition has also become an important platform that connects visitors with contractors and consultants; to enable them to determine their options and make decisions related to the construction process.
He indicated that developing citizens' lands and qualifying their housing vouchers is moving forward at an accelerating pace, as the 2020 budget approved by His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the country, may God protect him, includes allocating the sufficient funds for the development of new lands for citizens by providing networks of water, electricity, sanitation, roads and all other facilities in 13 different areas of the country. The total cost of the development scheme is estimated at 12 billion Qatari riyals during a period of 5 years, and it is scheduled to complete the process of developing these lands and handing them over to citizens gradually according to the approved schedule. “The Housing Department” at “the Ministry of Administrative Development, Labor & Social Affairs” work tirelessly with “Qatar Development Bank” in order to provide all services And facilities to buy or build housing through soft loans, in addition to community service. These measures have provided many advantages, the most important of which is revitalizing the residential sector, which explains the success of the first edition of “BYH 2020” exhibition.
Sleem expects an increase in the pace of foreign investment inflows into the residential real estate market following allowing foreigners to own real estate properties in accordance with the controls, as the law regulating the ownership and use of real estate by non-Qataris entered into force, after the issuance of Cabinet Resolution No. 28 of 2020, specifying 25 areas in which non-Qataris may own and benefit from real estate and the conditions, controls, benefits and procedures for their ownership and use of them. The Ministry of Justice and the Ministry of Interior recently launched an office for non-Qatari real estate ownership in the Pearl, in order to provide real estate ownership and utilization services through one window for investors, and the office enables the beneficiaries to obtain the title deed in less than an hour, It also provides, through an automated system developed by the Ministries of Interior and Justice, the issuance of residency upon completion of ownership or usufruct procedures, in case the property of the owner or the beneficiary is in the category whose value is not less than QR 730.000, equivalent to USD 200.000, so that the owner of the property from this category obtains a residence permit for himself and his family without a recruiter for the duration of his ownership of the property.
He continued, saying: In addition to residency for him and his family, the owner of the property will also receive permanent residency benefits that include health, education and investment in some commercial activities, in case the property value is not less than QR 3.650.000, equivalent to one million US dollars. The 16 areas where non-Qataris can lease real estate for 99 years are: Msheireb (Area 13), Fereej Abdelaziz (14), Doha Al Jadeed (15), New Al Ghanim (16), Al Refaa and Old Al Hitmi (17), Aslata (18), Fereej Bin Mahmoud (22), Fereej Bin Mahmoud (23), Rawdat Al Khail (24), Mansoura and Fereej Bin Dirham (25), Najma (26), Umm Ghuwailina (27), Al Khulaifat (28), Al Sadd (38), Al Mirqab Al Jadeed and Fereej Al Nasr (39) and the Doha International Airport area (48). While the 9 freehold ownership areas for non-Qataris includes: West Bay Lagoon (Area 66), The Pearl-Qatar (66), Al Khor Resort (74), Rawdat Al Jahaniyah (investment area), Al Qassar (administrative area 60), Al Dafna (administrative area 61), Onaiza (administrative area 63), Al Wasail (69), Al Khraij (69) and Jabal Theyleeb (69), which means that the total number of areas that have been designated for ownership and usufruct by non-Qataris has now reached 25.
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