Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban...
What kind of companies are currently operating within Oman’s industrial cities, and where is the majority of foreign investment coming from?
Oman’s real estate market has continued to feel the effects of slower economic growth over the past year. Rental rates have declined by more than 25% since recent highs were reached in 2014, and 2019 saw prices continue to fall amid concerns about oversupply and expatriate workers leaving the country. The residential segment has been the most...
As it eases its dependence on oil and gas, Oman has turned to integrated tourism complexes (ITCs) as a conduit for boosting construction, real estate and tourism activity. ITCs are mixed-use developments comprising residential areas, hotels, resorts, leisure activities such as golf, and other amenities, and are currently the only places where...
To what extent is oversupply an issue, and what are the trends within the residential segment?
How can developers tackle challenges like oversupply and low demand in the real estate market?
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