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Category: Real Estate
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).
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.
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.
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.
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.
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.
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.
Abdulrahman Salim Al Hatmi, Group CEO, ASYAD talks about the Sultanate of Oman Logistics Strategy 2040 and its efforts in achieving the enshrined goals. Mayank Singh reports What is ASYAD’s mandate and vision as Oman’s leading logistics group and what has been achieved in pursuance of these objectives? ASYAD has two primary mandates; the first is […]
Oman’s Minister of Commerce and Industry, HE Ali bin Masud Al Sunaidy and his Indian counterpart Suresh Prabhu reiterate their commitment to boost bilateral trade and enhance cooperation between the two countries in multiple sectors
Maqbool Al Wahaibi, CEO, Oman Data Park & Mazen Matar, GM- Cloud Services, Oman Data Park talk about company’s exemplary services in running and operating three data centers in tier-three category, serving nine leading banks in the country, along with 500 plus enterprises and customers in various sectors.
OER Finance & HR Summit 2018 held at Intercontinental Muscat on May 2, explored the new imperatives on the interface between finance and HR
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