As housing remains one of the most important segments in Oman’s real estate sector, financing plays a critical role in the development of the overall property market. A number of lending changes, such as lower interest rates and simplified loans processes, are making it easier for Omanis to own a home, and this should have positive effects...
While Oman’s property market remained relatively slow in 2011, the sector is showing signs of steady growth. Factors influencing the favourable trend include improved financing for housing as well as general economic growth across the sultanate. Widespread salary increases in 2011 were greatly considered an additional element behind the...
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
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