Real Estate

Oman’s real estate sector is slowly regaining momentum after more than a year of reduced activity. The increase in demand is being seen in a number of sectors whilst oversupply in others has resulted in weaker take-up, although this could soon be overcome as the impact of a massive government investment programme starts to be felt more acutely.

The outlook for 2011 is one of correction and consolidation for Sharjah’s real estate sector. The market should slowly start to pick up, though recovery is expected to be modest in the shorter term before gaining momentum.

The introduction of real estate investment trusts (REITs) in Thailand is expected to generate new interest in the already active market.

Malaysia’s central bank has stepped in to lower the temperature of the real estate sector, restricting access to credit for those buying third or subsequent residential properties. However, authorities are playing down speculation over a bubble, describing the intervention as a measure to keep housing affordable.

New legislation restricting foreign investment in real estate has brought a welcome end to speculation over the issue while at the same time clarifying the transaction process. As such it is being heralded as a significant step forward for the sector

Abu Dhabi's real estate sector is moving away from a situation of limited supply and high rental prices to one of improving quality and lower costs, which over time could tempt some commuters living in Dubai toward the capital.