Real Estate

The market saw a rapid slowdown after 2008, as investors backed away from the Gulf and economic growth tapered. However, from 2012, development has picked up to meet resurgent demand, and major projects are being rolled out in all sectors. Economic expansion, a growing population and increasing interest from foreign investors are driving a strong recovery in Oman’s real estate market. Expansion of retail real estate is rising in line with increasing purchasing power of the population, aided by a hike in the minimum wage that took effect in July 2013. This chapter contains an interview with Ziyad M Al Zubair, Director, The Zubair Corporation.