Oman Residential Real Estate Market to Grow at 9.8% CAGR by 2030| MarkNtel Advisors

MarkNtel Advisors has recently released an in-depth study on the Oman Residential Real Estate Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.

What are the primary market insights shaping the trajectory of the industry?

The Oman Residential Real Estate Market size is estimated to grow at a CAGR of around 9.8% during the forecast period, i.e., 2024-30.The Oman Residential Real Estate Market has been experiencing significant growth, specifically driven by the rising expat populations across the country. Despite the challenges posed by economic shifts and nationalization efforts in white-collar jobs, the market has been showing promising signs of adjustment and opportunity, particularly in affordable housing sectors and premium residential areas.

Further, as expatriate numbers stabilized, there has been a noticeable increase in demand for residential properties, with a focus shifting towards more affordable housing in areas such as Al Mouj, Muscat Hills, and Shatti Al Qurum. This shift has been coupled with a rise in the construction of residential units, predominantly apartments, aimed at the rental market. These developments, which typically offer moderate- to high-quality amenities, are meeting a growing demand for value-driven housing options. As a result, the rental market is beginning to stabilize in Oman, with some areas seeing a modest increase in rental values, which has been contributing to market growth & expansion.

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Leading Key Players-

Al Raid Group, Al Mouj Muscat, Al Taher Group, Wujha Real Estate, Orascom Development Holding AG, Maysan Properties SAOC, Harbor Real Estate, Savills, Hilal Properties, Edara Real Estate LLC, and others

Oman Residential Real Estate Market Segmentation:

-By Type

-Apartments and Condominiums- Market Size & Forecast 2019-2030F, USD Million

-Villas and Landed Houses- Market Size & Forecast 2019-2030F, USD Million

-By Region

-North

-Central

-South

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What are the primary market drivers influencing the growth of Oman Residential Real Estate Market ?

Strategic Developments Enhancing Urban Living Propel the Oman Residential Real Estate Market – There has been a noticeable surge in the number of expatriates in Muscat, which has significantly increased the demand for rental accommodations. This shift has particularly highlighted the desirability of well-managed residential communities, known for their quality properties, professional management, and comprehensive amenities including retail, food & beverage outlets, and leisure facilities, making them top choices in the city. Further, in tandem with this growing demand, Oman has initiated several large-scale integrated housing projects

Gain a Competitive Edge with Market Research Report

1. The Oman Residential Real Estate Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.

2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.

3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.

4. Apart from market trends and projections, the Oman Residential Real Estate Report assists in assessing and mitigating risks associated with entering or operating in the market

5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

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