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Mazaya Monthly Real Estate Report -
Week 3 - May 2016
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Infrastructure Development
Al Mazaya’s Report also adds that the
real estate market in the Sultanate
of Oman is one of the fastest
developing markets in the region – in
large part due to corrective actions
being taken to provide an attractive
economic environment for boosting
activity and investment. This is
particularly evident when looking at
the real estate sector’s ability to take
advantage of continued government
spending on infrastructure projects.
Al Mazaya’s Report notes that investment
opportunities in the Omani real estate
market are present in many of the
Sultanate’s cities and regions; therefore,
investment opportunities are diverse and
compatible with the aims and aspirations
of a large number of investors. For
example, the Muscat Governorate and
all other major cities, including Salalah,
Duqm, Al Buraimi and Barka, are currently
attractive and experiencing high demand
from domestic and foreign investors.
Market indicators also reveal potential for
further increases in demand, in harmony
with their positive economic development
and the vast areas of lands available.
On an administrative level, Al Mazaya’s
Report suggests that the Omani real
estate market would benefit from a
more comprehensive database that
provides detailed assessment of the
quality and reliability of projects;
thereby ensuring peace of mind to
investors. This, in turn, will contribute
to more positive and widespread
support from the real estate sector,
increase the rates of local, regional and
global investment, and provide a solid
foundation from which different types
of investment decisions can be made.
Al Mazaya’s Report points out that such a
database should including details related
to the key areas for development and
population-related needs, so as to identify
the target categories for market analysis.
Armed with such information, the
planning of real estate investments can be
brought into line with more internationally
recognised norms for forming medium
and long-term development strategies.