Category: Real Estate

Real Estate
Zain launches OMR22m residential project

Zain Real Estate Development launched its new OMR22 million residential project Muna Gardens which is strategically located in the Al Muna area at Bausher Heights. It is only 10 minutes away from Muscat International Airport and 5 minutes away from the ministries area, Royal Hospital, Muscat Hospital, Mall of Oman, said Mishaal Mohammed Al Raisi, […]

Real Estate
Real estate trade reaches RO128mn in Dec 2017

The total value of traded contracts in Oman’s real estate sector reached RO128mn during December 2017. Meanwhile, fees collected stood at RO5.4mn, according to figures issued by the Ministry of Housing. The total number of real estate transactions amounted to 29,765 including sale, will, inheritance, exchange and mortgage transactions. The number of sale contracts during […]

GCC region to have $130bn completed real estate projects in 2017

The regional construction market has remained resilient, showing a 30 per cent increase in 2017-to-date, according to a new study by Mena Research Partners (MRP), a leading research company in the region. With total Gulf Cooperation Council (GCC) active projects valued at some $2.6 trillion — equivalent to 160 per cent of gross domestic product […]

Banking & Finance
Al Mouj-AL IZZ
Alizz to offer Sharia-compliant finance to investors at Al Mouj

Al Mouj Muscat, Oman’s lifestyle destination, has signed an agreement with Alizz Islamic Bank to provide home financing solutions to potential home-owners. Under the agreement, aspiring homeowners will have access to a full range of Alizz Islamic Bank’s financing solutions and competitive financing rates when purchasing property at Al Mouj Muscat. “We are proud to […]

Banking & Finance
Bank Muscat baituna finance for Boulevard Tower
Bank Muscat, Imdad join hands to promote Boulevard Tower project

Bank Muscat and Imdad Real Estate Development Company signed a memorandum of understanding (MoU) to provide attractive baituna home finance for exclusive residential units in the Boulevard Tower project in Muscat Hills. Abdullah Tamman Al Mashani, deputy general manager – institutional sales and products development, and Sheikh Abdullah Al Khalili, Director of Imdad Real Estate […]

Aqar launches Q Centro convenient shopping centre
Aqar launches Q Centro convenient shopping centre

Aqar, a leading real estate developer in the Sultanate, has launched a modern concept in community retail centre called Q series brand. As part of the initiative to buld convenient stores, the group has launched Q Centro within the Rimal Bausher real estate project. Mohamed bin Abdullah Al Khonji, chairman of Al Khonji Real Estate […]

Editor's Pick
Real Estate-1
Economies of scale

Renaissance Village Duqm which will be fully operational in April, 2017 can provide quality accommodation at affordable rates for close to 17,000 workforce at Duqm free zone. Muhammed Nafie reports Oman will be setting a new standard in providing quality workforce accommodation when Renaissance Village Duqm, an iconic 17,000-bed facility to accommodate people working for […]

300 Omanis to get training in real estate brokerage 

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 […]

Real Estate
Realty Pays

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 […]