Saturday, March 23, 2019

Traded value of real estate in Oman surges 43.2%

Total traded value of real estate in the Sultanate this year stood in excess of OMR 3.81 billion at the end of November 2015, reflecting a growth of 43.2 per cent, against OMR 2.66 billion recorded in the same period in 2014, according to data released by the National Centre for Statistics and Information (NCSI).
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New regulations for construction firms in Oman

A construction company’s capital should not be less than OMR25,000, and one of the shareholders should be dedicated to the management of the company, according to new regulations.
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Real estate deals in Oman topped OMR395 million

A total of 36,616 transactions worth OMR395,434,390 were conducted in the real estate sector during November 2015, Abdallah bin Salim Al Makhini, Secretary of the Real Estate Registry at the Ministry of Housing has said.
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Geopolitical concerns weigh heave on Middle East construction industry

A snapshot of opinion from the GCC’s construction sector – the majority of which are companies involved in larger projects with a value of over AED 100 million – has shown a dramatic drop in optimism over the last year.
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Real estate trading in Oman surges ahead to OMR3.4b

Total traded value of real estate activity in the Sultanate reached OMR3,420.1 million by the end of October, reflecting a 40.7 per cent rise, compared with the same period in 2014, data from the National Centre for Statistics and Information (NCSI) revealed.
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Good quality buildings last longer

Most real estate properties last decades; therefore developers and investors must take a long term view of sustaining the quality of properties. In Muscat, there are landmark properties, which are popular even today, although they are more than 30 years old.
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Taminat Complex offers high-quality residential apartments and grade A offices

Taminat Complex is a modern mixed-use development coming to the market in 2016, providing high-quality residential apartments and offices. All apartments are finished with fully fitted kitchens and built in appliances and there will be the option of 1, 2 or 3 bedrooms.
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Real estate activity in Oman rises to OMR3.22 billion

Total value of real estate activity in the Sultanate surged ahead by 42 per cent to touch OMR3.22 billion for the first nine months of 2015, compared to the same period last year, the statistics released by the National Centre for Statistics and Information (NCSI) shows.
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Oil price fall and real estate market

There may be a drop in costs in the medium term that may put pressure on property prices. Oil Prices have dropped significantly in the last year. How has the real estate market in Oman reacted and what does the future hold? As of now, demand and supply are matched and therefore rents and prices are stable. Demand is underpinned by the fact that the economy continues to grow in real terms and, therefore, job creation continues.
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The Wave Muscat is now Al Mouj Muscat

The Wave, Muscat, Oman’s leading integrated tourism complex, has unveiled its new brand identity, embracing its Arabic translation to become ‘Al Mouj Muscat’. The...
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