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Oil price fall and real estate market

Oil Prices have dropped significantly in the last year. How has the real estate market in Oman reacted and what does the future hold? As of now, demand and supply are matched and therefore rents and prices are stable. Demand is underpinned by the fact that the economy continues to grow in real terms and, therefore, job creation continues. Non-oil GDP is growing at over four per cent …

Quality matters

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. At the same time, there are many properties which are old and tired after about twenty years. Good properties tend to have sustainable cash …

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