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.
Category: Real Estate
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%.
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.