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important information about Oman and Real Estate Oman

important information about Oman and Real Estate Oman

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important information about Oman and Real Estate Oman

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  1. http://oman.bhomes.com/oman/index.xhtml

  2. Salalah’s first major mall opens United Real Estate Company (URC), one of the MENA region’s leading real-estate developers, has officially opened its latest commercial and hospitality development in Oman, Salalah Gardens Mall and Salalah Gardens Residences, in the subtropical city of Salalah. The project was inaugurated by Sayyid Mohammed bin Sultan al Busaidi, Minister of State and Governor of Dhofar, along with Ahmed bin Nasser bin Hamad al Mahrizi, the Minister of Tourism, and Tariq Mohammed AbdulSalam, Chairman of the URC. Omani officials, URC’s CEO Mohammed Ahmed al Saqqaf, URC Board of Directors and the URC Executive Management Team along with other dignitaries were among others present on the occasion. For Real Estate consulting contact Better Homes – Real Estate Properties & Rentals in Oman

  3. Oman ITCs Prices Up for 2014 • Oman’s property market is now gaining momentum, especially within Integrated Tourism Complexes (ITCs). "After several challenging years following the impacts of the global financial crisis, there is evidence of growing strength and confidence in the ITC residential sector which is translating into a significant increase in developments," says Cluttons. • ITC developments such as The Wave and Muscat Hills, allow non-GCC citizens to buy freehold properties in the country. ITC prices fell during 2009.  ITC properties are now in demand due to their superior design, setting and facilities. • "The increased interest from potential purchasers in the secondary market at Integrated Tourism Complex (ITC) developments has started to translate into transactions (in the first quarter of 2013). • For Real Estate consulting contact Better Homes – Real Estate Properties Muscat & Apartment rentals in Oman

  4. businesses urge government to review visa ban • Oman Chamber of Commerce and Industry (OCCI) has asked the manpower ministry to cut the period of visa ban on cleaners and construction workers, saying that the decision will discourage small and medium enterprises (SMEs), Muscat Daily has reported. “The ban is going to affect SMEs. • For Real Estate consulting contact Better Homes – Real Estate Properties Muscat & Apartment rentals in Oman

  5. Real Estate Brokerage • The definition of real estate brokerage under Omani law is sufficiently wide to encompass any activities relating to dealing in real estate property of any type for a fee.In addition to the conventional scope of acting as the intermediary for facilitating property transactions between two parties, real estate brokerage business could span a whole gamut of services such as the following: • Facilitating property sale or purchase • Property leasing • Property appraisal • Property management • Real estate marketing • Property inspection • Relocation services • Property development • Each service could further focus on a particular type of real estate, such as, residential, commercial, or industrial property. • For Real Estate consulting contact Better Homes – Real Estate Properties Muscat & Apartment rentals in Oman

  6. Guess who are the biggest buyers of Omani real estate? • UAE nationals were the biggest beneficiaries of property deeds handed out by Oman’s Ministry of Housing during 2012, underscoring the growing attraction of Omani real estate for Emiratis. • According to statistics released by the Housing Ministry on Wednesday, a third of all the properties bought by GCC nationals were concentrated in the Batinah North Governorate, one of the fastest growing regions of the country which also hosts the Sohar Industrial Port and Free Zone. • For Real Estate consulting contact Better Homes – Real Estate Properties Muscat & Rentals in Oman

  7. OMR1.5bn real estate deals • The data released by the Ministry of Housing shows that the total number of planned land uses in 2012 stood at 58,609 plots in all governorates of the Sultanate and the distributed plots stood at 38,768, according to the indicators released by the sectors of urban planning, land distribution, real estate register and social housing, which find place in the ministry's yearbook 2012. The number of real estate transactions stood at 120,081 with financial value amounted to RO 1,716,268, constituting an increase 45 per cent compared with 2011. The financial charges amounted to RO 25,075 and the number of land plots registered for the first time stood at 100,198. The number of deeds issued at 207,204 in various governorates, whereas the number of deeds for GCC nationals stood at 3,376. • For Real Estate consulting contact Better Homes – Real Estate Properties Muscat & Rentals in Oman

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