Property and rental prices reviewed at Muscat forum
A property and investment seminar to be held in Oman will deal with the nation's rise in real estate prices, rents as well as huge investments being made in the Sultanate's tourism sector.
The open forum will be held alongside two major upcoming fairs to be held at the Oman International Exhibition Center next month, 'The International Property Exhibition' (IPE) and 'Money World Exhibition', according to Khaleej Times.
Over the past few years, rents in the Sultanate have risen significantly, especially in capital Muscat and Sohar in the Batinah region, where billion dollar industrial projects are underway.
The seminar will focus on "the latest developments and trends in the property sector in Oman, especially the cause of the increase in real estate, rent and land values", Gus Freeman, Managing Director of Arabian Research Bureau stated. The seminar will also take an in-depth look at investments in the tourism sector that have increased "from zero to billions of Omani rials since 2004," Freeman added.
IPE, the re-branded version of last year's 'Gulf Property & Investment Exhibition', will this time specifically focus on property and real estate, while the newly developed parallel event Money World will cover the investment sector, explained Sadiq Ahmed Khan, Director - Sales and Marketing, at Oman International Trade and Exhibitions (OITE), organizers of the event.