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In the Omani market, the report
mentioned that the population reached
4.5 million by the end of the year
2016, a 62% increase since 2010. A
large number of developmental and
urban projects, including roads,
airports and seaports have been
developed to meet the increasing
population growth rates, drawing more
investments to the Omani market.
Reportedly, positive levels of liquidity
are available in banks and local and
foreign investors, which should
reflect positively on real estate, trade
and industrial activities. However,
government spending will determine
thesuccessor failureof theeffortsmade
to bridge the gap between population
growth and the supply of certain types
of property that meet investment
requirements and cater to all needs.
The report referred to the now-prevalent
mood of optimism following the oil
price stability and the likelihood of
seeing a strong rebound in 2017. It also
underlined the possibility of witnessing
increasing demand for property should
the region overcome the current
geopolitical and economic challenges.
Mazaya Monthly Real Estate Report -
Week 3 - January 2017
Conclusion
The report underlined the significance
of the role played by resilient laws on
the encouragement and protection of
foreign investment in existing GCC states
in creating the momentum needed to
maximise yields and ensure a balance
between population growth, housing
supply and affordability. However,
the region’s countries are required
to continue to seek more effective
strategies to overcome the challenges
faced by the real estate markets.