Oman has witnessed an unprecedented rise and become one of GCC's most attractive spots for real estate investments at both, the individual and company levels. The country is one of the few GCC states that provides attractive incentives for property investments with low cost properties set in attractive landscapes.
The government has moved ahead with privatisation of its utilities, the development of a body of law to facilitate foreign investment and is continuing to liberalise its markets. As a result, the rental market is thriving with new multinational companies entering and domestic companies expanding. This has resulted in increased demand for properties and landlords have reacted by improving the quality of the accommodation placed in the market.
This boom has enabled the real estate industry in Oman to mature, moving away from speculative projects towards a more market-oriented sector. The Omani real estate market is expected to be a major contributor to the economy and has evolved into a full fledged sector with potential to house huge assets and invite foreign investments.