Property for sale in Oman
Oman is a country in the Arabian Peninsula and is characterized by a desert territory with oases rising on the river beds and long stretches of coastline on the Persian Gulf, the Arabian Sea and the Gulf of Oman. The port capital is Muscat. It borders the United Arab Emirates to the northwest, with Saudi Arabia to the west and Yemen to the southwest. It overlooks the Arabian Sea to the south and east, on the Gulf of Oman to the northeast. The enclaves of Madha and Musandam, which border the United Arab Emirates, also belong to Oman; the second is washed by the Strait of Hormuz and the Gulf of Oman.
If you are interested in buying a property for sale in Oman, now it is a very interesting period in the Oman’s real estate market. The real estate sector is characterized by a different set of dynamics today. Previously, real estate development mainly involved conventional residential and
commercial projects. But today we see a wide range of developments, including multi-use projects, tourism, retail and so on.
Tourism is one of the Government's priority sectors for foreign direct investment. Currently, there are a number of residential, commercial, mixed-use development projects and integrated tourism complexes (ITC) that are developed throughout Oman. These developments, together with the right to property that has recently been opened to foreigners, are attracting inflows and investors from the region and neighbouring countries. The increase in demand for new residential buildings and the increase of new modern apartments with services that meet international standards are positively favouring the market of property for sale in Oman. We are sure that the market will remain stable and constant.
The economy of Oman is recovering well from the lows of 2016 and is expected to grow 3.6% by the end of 2018. If sustained in the long run, it is expected that this growth will have positive impacts on the Sultanate real estate market.