Around 300 Omanis in the real estate sector will be trained following an MoU signed by Oman Real Estate Association (ORA) and Petroleum Development Oman (PDO). Hasan Juma Al Lawati, vice chairman of ORA and Raoul Restuccim, managing director of PDO, signed the MoU recently. The training courses will also include Omani searching for jobs in […]
Category: Real Estate
The Sultanate’s property sales market appears least affected by market sentiment and offers good investment opportunities for domestic and foreign buyers. Oommen John P reports on the investment opportunities in Oman’s real estate sector Real estate has over the years become an attractive investment option and a common investment vehicle. It still gives better returns […]
The Real estate transactions in the Sultanate collapsed 30.3% year-on-year in the first quarter of the current year, with the total traded value of properties standing at RO 922.1 million as against RO 1.32 billion recorded last year, according to the latest report issued by the National Centre for Statistics and Information (NCSI).
In an exclusive VIP launch and signing ceremony held at the Grand Hyatt Muscat, the property development and investment company Gulf Muscat United has launched sales for office space within Oman’s smartest office complex, the ‘iTower’.
The new offering will allow Oman’s residents to rent their very own one, two or three bedroom fully furnished and equipped dream vacation home and make use of the exclusive five-star lifestyle experiences, while enjoying unobstructed marina, sea or mountain views.
The Izdihar Real Estate Fund managed by Bank Muscat announced its first acquisition of a new mixed use property at Azaiba.
The current slowdown in the UAE real estate market should be seen as a minor correction as opposed to a major crash, according to a Middle East property expert.
To increase levels of collaboration within the real-estate & tourism sectors, the Oman Tourism Development Company (Omran) has announced the ‘Oman Marketing Inc’ initiative that will act as a Think Tank to bring together Oman’s marketing and communication professionals and executives operating within the real-estate & tourism sectors in order to explore ideas and means of improving and consolidating the current marketing efforts across the Sultanate.
Meydan Sobha today officially launches the latest phase of Mohammed Bin Rashid Al Maktoum City – District One, the stunning new community adding another enviable living dimension to Dubai’s city centre. The development has an unmatched location, just four kilometres from Burj Khalifa, situated in the heart of Downtown Dubai.
The value of traded contracts in real estate sector during 2015 stood at RO 5,217,755,000 in 2015 compared to RO 2,925,835,760 in 2014; a growth by 78%.