Oman Commercial Real Estate Market Growth, Size, Trends Analysis- By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Oman Commercial Real Estate Market Introduction and Overview
According to SPER market research, ‘Oman Commercial Real Estate Market Size- By Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Oman Commercial Real Estate Market is predicted to reach USD 3.47 Billion by 2033 with a CAGR of 5.64%.
The market for purchasing, selling, and leasing real estate for business purposes, such as office buildings, shopping malls, industrial warehouses, and multifamily housing units, is known as commercial real estate, or CRE. The demand for space, financing rates, changes in consumer behavior, and the state of the economy are some of the variables that affect it. Office and retail space is usually in high demand during boom periods, but there are usually more openings and cheaper rental rates during downturns.
Oman’s commercial real estate market was significantly impacted by the COVID-19 pandemic, which led to a decline in demand and investment. Lockdowns, travel restrictions, and a move to remote work all contributed to a decrease in the demand for office space and retail outlets, especially in towns like Muscat. The need for large office premises has decreased as a result of numerous financially distressed companies cutting staff or switching to flexible work schedules.
Scope of the Report: Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type
Regions covered Eastern region, Western region, Southern region, Northern region.
Companies Covered Al Osool Group, Al Tamman Real Estate, Alfardan Group, Al-Taher Group, BBH Group, Diamonds Real Estate, Hamptons International & Partners LLC, Malik Developments, Omran Group, Shanfari Group, Others.
Oman Commercial Real Estate Market Segmentation:By Type: Based on the Type, Oman Commercial Real Estate Market is segmented as; Offices, Retail, Industrial, Logistics, Multi-family, Hospitality.
By Region: This research also includes data for Eastern region, Western region, Southern region, Northern region.