With a raft of measures aimed at improving infrastructure, industry, housing and connectivity, the government of Bahrain has a $32bn investment strategy to accelerate economic diversification in the kingdom, providing abundant opportunities for the country’s construction sector. Even against a backdrop of falling oil prices that has seen the cancellation or deceleration of infrastructure...
Real Estate
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Chapter | Construction & Real Estate from The Report: Bahrain 2017
Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy.
Articles & Analysis | Real estate prices soften in Oman, but market fundamentals remain strong from The Report: Oman 2017
Sentiment in Oman’s real estate sector remains cautiously upbeat in the face of a downturn in the global price of oil and the consequent impact on government expenditure plans in the sultanate. Residential rental prices have softened in some areas, with landlords preferring to trim prices to avoid untenanted periods in their properties, but in...
Articles & Analysis | Changes in fees and reporting requirements affect Oman's real estate market from The Report: Oman 2017
Faced with lower oil revenues than in previous years, it is perhaps unsurprising that the government of Oman should look to more vibrant areas of the economy as a source of additional tax revenues. However, when the Ministry of Housing hiked real estate transaction fees for sales and leasing in February 2016, from 3% to 5% of the land value,...
Chapter | Real Estate from The Report: Oman 2017
Sentiment in Oman’s real estate sector remains cautiously upbeat in the face of a downturn in the global price of oil and the consequent impact on government spending plans in the sultanate. Residential rental prices have softened in some areas, with landlords preferring to trim prices to avoid untenanted periods in their properties, but in new fashionable developments lettings and sales have...