Real Estate

Oman’s real estate market has shown resilience following the global financial turmoil and is poised for future expansion as economic growth in the sultanate drives local demand. In 2013 the sector grew 6.1% over 2012 and forecasts indicate this trend will continue. Increasing numbers of integrated tourism complexes are attracting foreign investment into the sector, particularly the high-end market, while in a bid to support affordable housing ownership, the government is supporting programmes that provide interest-free loans to qualifying citizens and removing age restrictions for access to financing.

This chapter contains an interview with Hawazen Esber, CEO, The Wave, Muscat.