Monday, 30 Jan 2023
Muscat Real Estate & Investment Exhibition seen to spur market

Muscat Real Estate &amp Investment Exhibition noticed to spur industry

More exhibitions of this sort will aid the actual estate sector’s prospects and development as nicely as offer possibilities to industry properties, the exhibitors stated.

Held by Al Shaam for Organizing Exhibitions and Festivals, in cooperation with the ministries of Housing and Tourism, the opening was held below the patronage of Sheikh Ali bin Nasser al Mahrouqi, secretary basic of Majlis A’Shura. The occasion will finish on Wednesday.

Speaking to Muscat Daily, Juma Mubarak al Araimi, chairman of Al Shaam for Organizing Exhibitions and Festivals, stated, “The occasion aims at stimulating the actual estate industry in Oman. It is an chance for Omani and foreign businesses to exchange experiences in actual estate investment. We have exhibitors from ten nations, such as Britain, Portugal and the UAE. I want to spread the culture of exhibitions amongst enterprise owners.

“The real estate market was stagnating, but it is beginning to improve. I expect the market in the sultanate will be active during the coming period.”

Echoing Araimi’s perception of the sector, Khalifa bin Harib al Muhairi, director of Al Rasikhoon Real Estate from the UAE that is participating in the exhibition, stated the Omani actual estate industry is promising.

“We participated to offer our residential units for sale to Omanis. We are offering two projects – integrated residential cities and residential towers in the UAE. I believe that such exhibitions revive the buying and selling movement in the real estate market.”

The exhibition is supplying an chance to Muscat Bay to market its residential projects.

Maha Hussain al Balushi, sales consultant of the new improvement at the foot of the Al Hajar Mountains, as well stated the Omani actual estate industry has been enhancing in the previous handful of months.

“Oman has fantastic places for actual estate investment, so several foreign investors from Europe and some Arab nations favor actual estate investments in the sultanate. We want a lot more of such exhibitions to help the Omani actual estate industry and market our residential projects.”

Such exhibitions also aid the government’s program for financial diversification, according to Haitham Mohammed al Amri, enterprise improvement executive of RE/MAX.

“Real estate investment is one of the key elements to energise the Omani economy. Oman aims to create 4,000 housing units over the next six months. These exhibitions are a platform for spreading awareness, so I hope many more of these are held to promote real estate investment in Oman.”

Information Source: Muscat Daily

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