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FINANCIAL NEWS
Oman’s residential rents drop by 8pct
14 Nov 2016
(MENAFN) Rents in Oman have declined more than 8 percent this year, while some sought after areas, like Shatti Al Qurum, saw rents dropping by more than 20 percent.
Accordingly, in the residential market, average rental rates fell by a further 2.3pct amid Q3, bringing the total decline for this year to 8.1 percent.
Moreover, amid the cited period, rents remained unchanged in two submarkets, Bausher and Sur Al Hadid.
On the other hand, residential rents during the spring will reach 10 percent to 15 percent down.
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