Oman’s growth path since the turn of the century has seen its real estate market develop into one of the most interesting in the region. Equilibrium has been reached after the correction following the global financial crisis, and projects in several segments have pushed on. Continued government investment has helped offset some of the effects...
Integrated tourism complexes (ITCs) are a key magnet for investment in the real estate sector. ITCs are zoned areas that allow foreign nationals to own property on a freehold basis, and mostly also grant investors two-year visas, renewable on application. Generally, only leaseholds are available to non-Omanis.
Oman’s real estate sector has continued to grow in recent years, and despite the fall in oil prices, demand, particularly from the private sector, has helped fan development. Projects that target niches, such as high-end offices, units in integrated tourism complexes, shopping malls and gated communities are flourishing. The residential leasing market saw five consecutive quarters of stability...
In mid-March 2015 Mostafa Madbouly, Egypt’s Minister of Housing, Utilities and Urban Development (MHUUD), announced a plan to build a new capital city to replace the country’s current capital, Cairo. The project, which was introduced at an investment conference in the Red Sea resort town Sharm El Sheikh, is expected to be immense. The...
Benefitting from rising disposable incomes, a large, young consumer base, and a gradual return to political and economic stability, Egypt’s retail real estate market showed impressive expansion in 2015, with rental rates rising and vacancy rates falling even as the supply of formal, high-end retail supply increases. Foreign investors have...
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