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Oman property prices continue to fall amid subdued demand

New report says Muscat residential market continues to be oversupplied with apartment blocks.



Its new report indicated that Muscat’s residential market continues to be oversupplied with apartment blocks, despite a gap in the market for high-quality villas and townhouses.



The Oman Market Report for 2018 also said that the countrys office sector saw demand for business centres increase in 2018 as a result of firms downsizing and seeking fitted office premises at lower costs.



Demand for Grade A stock is expected to remain stable and developers should benefit from current market conditions and lower costs to build.



Read more: https://www.arabianbusiness.com/news/413033-oman-property-prices-continue-to-fall-amid-subdued-demand 



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Oman property prices continue to fall amid subdued demand

16/02/2019

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