Running a property portfolio in Lusail
Lusail is a designated area for non-Qatari ownership, and a one-stop service centre in Lusail serves non-Qatari buyers. Aqarat regulates the sector, and leases are registered with the Ministry of Municipality. RealMake keeps the ownership papers on each asset and the lease registration reference on each let unit. Qatar does not have VAT yet, but the system can switch it on if Qatar introduces it, using the treatment your tax advisor sets. Reminders follow the Friday-Saturday weekend, and amounts are kept in Qatari riyals.