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FINANCIAL NEWS
Oman’s real estate market shows signs of recovery
04 Dec 2016
(MENAFN) The real estate market in Oman is witnessing signs of recovery, while there has been an increase in real estate activities in the region.
Accordingly, there is a phenomenal increase of 124 percent in sales of properties in the Sultanate at OMR7.7bn for the Jan-Oct period of this year.
Moreover, mortgage deals amid the same period soared by 186 percent to OMR6.8bn from OMR2.4bn.
The Sultanate’s government is taking economic diversification seriously, while Tanfeed and other initiatives are aimed at maintaining the growth in the economy.
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