More than 5,400 Qatari nationals have been offered a long-term house loan of at least QR600,000 ($165,000) by the Qatar Development Bank in a bid to revive the property sector.

The loans, which can be raised depending on a person’s housing needs and ability to repay the debt, will help locals get on the property ladder and boost construction, officials have said.

Of the 5433 total about 4,400 people were already on a bank waiting list, of which 322 were women, reported the Peninsula.