The Oman Residential Real Estate Market Report is Segmented by Business Model (Sales, Rental), by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Price Band (Affordable, Mid-Market, Luxury), by Mode of Sale (Primary, Secondary), and City (Muscat, Dhofar, Musandam, Rest of Oman). The Market Forecasts are Provided in Terms of Value (USD).

The Oman Luxury Residential Real Estate Market Report is Segmented by Business Model (Sales, Rental), by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Mode of Sale (Primary New-Build, Secondary Existing-Home Resale), and by City (Muscat, Dhofar, Musandam, Rest of Oman). The Market Forecasts are Provided in Terms of Value (USD).

Discover the anticipated 9.8% annual growth rate of the Oman Residential Real Estate Market projected from 2024 to 2030. Explore market trends and insights. Oman Residential Real Estate Market Report, Companies & Analysis 2030

Discover the booming Oman luxury residential real estate market! Our comprehensive analysis reveals a CAGR exceeding 6%, driven by HNWIs, tourism, and infrastructure development. Explore market trends, key players (Al Mouj Muscat, Better Homes, etc.), and investment opportunities in Muscat, Salalah, and beyond. Learn more about the future of luxury living in Oman. Recent developments include: March 2023: Tibiaan Properties and Al Tamman Real Estate Company, a subsidiary of Muscat Overseas Group, signed a contract to develop and market the first commercial development of its kind in the Dhofar Governorate specifically in Al Saada area, Salalah. This project will include commercial units dedicated to various activities such as office spaces, retail spaces, restaurants, cafes, etc. This cooperation comes into place to deliver premium projects in Dhofar Governorate, where demand is rising for quality real estate projects. The project name 'Ajwaa' is an Arabic word that refers to the beautiful weather Salalah is enjoying throughout the year, thus reflecting the opportunities this project offers to investors in both corporates and individuals capacity., April 2022: Barka Real Estate Development Company and Tibiaan Properties Company announced the launch of an integrated commercial project - Massar - in the wilayat of Barka in the South Batinah governorate. H E Dr Khalfan al Shuaili, Minister of Housing and Urban Planning, a number of senior officials and business owners witnessed the launch.. Key drivers for this market are: Increase in Senior Population and Life Expectancy, Increase in Old Age Dependency Ratio. Potential restraints include: Lack of awareness of senior living options, Relatively small size of senior living population. Notable trends are: Supply of Residential Buildings.

The Oman Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics, Others), by Business Model (Sales, Rental), by End-User (Individuals/Households, Corporates & SMEs, Others), and by Geography (Muscat, Sohar, Salalah, Rest of Oman). The Market Forecasts are Provided in Terms of Value (USD).

Oman Luxury Residential Real Estate Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.0 Billion by 2032, growing at a CAGR of 6.8% from 2026 to 2032.

Key Market Drivers

Economic Diversification Initiatives: Economic Diversification Initiatives under Vision 2040 are propelling the luxury residential real estate industry by diversifying non-oil sectors and attracting high-net-worth investors. Non-oil sectors generated 61.3% of GDP in 2023, up from 53.4% in 2019, boosting spending power and demand for high-end residences. The Ministry of Housing and Urban Planning recorded a 23% increase in luxury property purchases (more than 500,000 OMR) in 2023, indicating rising investor confidence. Government-backed tourism, fintech, and logistics initiatives are driving up demand for high-end homes, establishing Oman as a prominent luxury real estate destination.

The Oman commercial real estate market exhibits robust growth potential, projected to reach a market size of $7.68 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 8.78% from 2025 to 2033. This expansion is fueled by several key drivers. Government initiatives promoting diversification beyond the oil sector are stimulating investment in infrastructure and commercial developments. The burgeoning tourism sector, particularly in key cities like Muscat, Sohar, and Dhofar, is driving demand for hospitality and retail spaces. Furthermore, the increasing population and a growing middle class are contributing to higher demand for office and residential properties, impacting the multi-family and retail segments positively. Strong performance in logistics and industrial real estate also contributes to the overall market health, supported by Oman's strategic location and growing trade activities. However, global economic uncertainties and potential fluctuations in oil prices pose potential restraints on market growth. Competition among established players like Omran Group, Malik Developments, and BBH Group, alongside emerging developers, influences market dynamics. The segmentation of the market across office, retail, industrial, logistics, multi-family, and hospitality sectors allows for targeted investment strategies and understanding of specific market trends within each segment. The forecast period (2025-2033) holds significant opportunities for investors and developers. Strategic partnerships and innovative development approaches are crucial for success. Focusing on sustainable and technologically advanced projects will enhance market competitiveness. The diverse range of commercial real estate segments presents potential for diversification and risk mitigation. Continued government support for infrastructure and ease of doing business will be vital to support the market's predicted growth trajectory. The key cities of Muscat, Sohar, and Dhofar, offering diverse commercial prospects, are expected to witness significant activity, attracting both domestic and international investment. Careful consideration of potential market restraints will be vital for informed decision-making and risk management. This in-depth report provides a comprehensive analysis of the Oman commercial real estate market, covering the historical period (2019-2024), the base year (2025), and forecasting the market's trajectory until 2033. It delves into key segments like offices, retail, industrial, logistics, multi-family, and hospitality across major cities including Muscat, Sohar, and Dhofar. The report leverages data to highlight market trends, growth drivers, challenges, and emerging opportunities within the Omani commercial real estate sector. This report is essential for investors, developers, and industry professionals seeking to navigate this dynamic market. Recent developments include: November 2023: The long-delayed Blue City project in Oman was relaunched under the auspices of the Grand Blue City Development Company, which is backed by the sovereign wealth fund Oman Investment Authority (OIA). The project is also known by the Arabic acronym (BAT)., July 2023: Oman Tourism Development Company (Omran) sought a multidisciplinary consultant to undertake a concept masterplan for the entire site and to provide a detailed masterplan and detailed architectural design guidelines for the mixed-use town of Madinat Al Irvine East. The mixed-use town center will likely cover 175,000 square meters and will feature a number of modern mixed-use developments. The development of the town center will help to position Oman as a premier MICE and business tourist destination.. Key drivers for this market are: 4., Rise In Population4.; Foreign Investments. Potential restraints include: 4., High Cost. Notable trends are: Hospitality sector witnessing lucrative growth.

Technological advancements in the Oman Luxury Residential Real Estate industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

Oman real estate software market valued at USD 150 million, driven by digital transformation, property management demand, and government regulations for transparency.

Discover the booming Oman commercial real estate market! With a projected CAGR of 5.37%, this sector is driven by economic diversification and tourism, creating opportunities in offices, retail, and hospitality. Learn about key players, market trends, and future forecasts in our comprehensive analysis. Recent developments include: November 2023: The long-delayed Blue City project in Oman was relaunched under the auspices of the Grand Blue City Development Company, which is backed by the sovereign wealth fund Oman Investment Authority (OIA). The project is also known by its Arabic acronym, BAT.July 2023: Oman Tourism Development Company (Omran) announced plans to seek a multidisciplinary consultant to undertake a concept masterplan for the entire site and to provide a detailed masterplan and detailed architectural design guidelines for the mixed-use town of Madinat Al Irvine East. The mixed-use town center will likely cover 175,000 sq. m and feature a number of modern mixed-use developments. The development of the town center will help position Oman as a premier MICE and business tourist destination.. Key drivers for this market are: 4., Rise in Population Driving the Market4.; Foreign Investments Driving the Market. Potential restraints include: 4., Rise in Population Driving the Market4.; Foreign Investments Driving the Market. Notable trends are: Hospitality Segment Witnessing Lucrative Market Growth.

Explore the dynamic GCC Real Estate Market with a projected USD 13.39 billion size by 2025, driven by a 9.63% CAGR, infrastructure boom, and economic diversification. Discover key trends, growth drivers, and regional insights for this expanding market. Key drivers for this market are: Increasing Demand of prefabricated Housing in GCC, Government Initiatives Driving the Construction. Potential restraints include: Low construction tolerance, supplier dependance and expensive development. Notable trends are: Rising Demand for Single Family Type in the Region Fuelling the Market Demand.

The Oman residential real estate industry, valued at USD 4.38 billion in 2025, is projected to grow at a remarkable CAGR of 9.19% from 2025 to 2033. This growth is primarily driven by increasing population, urbanization, and rising disposable income. Key segments in the market include apartments and condominiums, villas and landed houses, and major cities such as Muscat, Dhofar, and Musandam. The industry is characterized by a competitive landscape with established players like Edara Real Estate LLC, Al Raid Group, and Al Madina Real Estate Company Muscat, along with international entrants such as Coldwell Banker and Savills. Ongoing trends include the development of mixed-use developments, the integration of smart home technologies, and a growing preference for luxury properties. However, the market faces challenges such as affordability constraints, the need for infrastructure development, and government regulations. The forecast period is expected to witness continued growth, supported by strategic investments in infrastructure and the implementation of government initiatives to attract international investors. Recent developments include: October 2022, Al Mouj Muscat launched phase 2 of Zunairah Mansions in the Shatti District. The new phase of the mansions comes in different styles and features six opulent bedrooms with a built-up area of 933 square meters, a garage, covered parking for up to six automobiles, and roomy servant quarters., April 2022, Oman Post and Asyad Express signed a partnership agreement with WUJHA Real Estate to invest, design, and develop land aligned with the land investment plan.. Key drivers for this market are: 4., Rapid Urabanization4.; Increasing government investments. Potential restraints include: 4., Increasing cost of raw materials affecting the construction industry4.; Slowdown in economic growth affecting the market. Notable trends are: Supply of Residential Buildings.

The Oman luxury residential real estate market exhibits robust growth potential, driven by increasing high-net-worth individuals (HNWIs) and a rising preference for upscale living. The market, segmented into condominiums and apartments, villas and landed houses, across key cities like Muscat, Dhofar, and others, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% from 2025 to 2033. This growth is fueled by Oman's strategic economic diversification initiatives, attracting significant foreign investment and boosting tourism. Furthermore, the government's focus on infrastructure development, including improved transportation networks and upscale amenities, contributes to the appeal of luxury properties. However, challenges such as fluctuating oil prices and potential regulatory changes could influence market dynamics. The presence of established developers like AL Mouj Muscat and Alfardan Heights alongside emerging players indicates a competitive yet evolving landscape. The market's performance is also influenced by global economic trends and shifts in regional geopolitical stability. The relatively limited data necessitates a cautious approach to precise market sizing. However, assuming a 2025 market size of approximately $250 million (based on typical values for similar markets in the region), and applying the 6% CAGR, the market could reach approximately $396 million by 2033. This is a conservative estimate, as significant infrastructure projects and potential tourism booms could accelerate this growth. Segmentation analysis reveals that villas and landed houses are likely to represent the larger share of the market, given the cultural preferences for spacious properties and potential for large-scale developments. Muscat, as the capital and economic hub, is expected to maintain the largest market share, though other cities like Dhofar, benefiting from tourism, are also predicted to experience noteworthy growth. The luxury real estate segment is therefore well-positioned to benefit from both domestic and international investment, despite existing economic complexities. Recent developments include: March 2023: Tibiaan Properties and Al Tamman Real Estate Company, a subsidiary of Muscat Overseas Group, signed a contract to develop and market the first commercial development of its kind in the Dhofar Governorate specifically in Al Saada area, Salalah. This project will include commercial units dedicated to various activities such as office spaces, retail spaces, restaurants, cafes, etc. This cooperation comes into place to deliver premium projects in Dhofar Governorate, where demand is rising for quality real estate projects. The project name 'Ajwaa' is an Arabic word that refers to the beautiful weather Salalah is enjoying throughout the year, thus reflecting the opportunities this project offers to investors in both corporates and individuals capacity., April 2022: Barka Real Estate Development Company and Tibiaan Properties Company announced the launch of an integrated commercial project - Massar - in the wilayat of Barka in the South Batinah governorate. H E Dr Khalfan al Shuaili, Minister of Housing and Urban Planning, a number of senior officials and business owners witnessed the launch.. Notable trends are: Supply of Residential Buildings.

Discover the booming Oman commercial real estate market! This in-depth analysis reveals a $7.68B market in 2025, projecting 8.78% CAGR growth to 2033. Learn about key drivers, trends, and top players like Omran Group and Malik Developments. Invest wisely with our market insights. Key drivers for this market are: 4., Rise In Population4.; Foreign Investments. Potential restraints include: 4., High Cost. Notable trends are: Hospitality sector witnessing lucrative growth.

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Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is valued to increase USD 427.3 billion, at a CAGR of 4.6% from 2024 to 2029. Growing commercial sector globally will drive the commercial real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 42% growth during the forecast period.
By End-user - Offices segment was valued at USD 476.50 billion in 2023
By Channel - Rental segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 43.44 billion
Market Future Opportunities: USD 427.30 billion
CAGR : 4.6%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global business landscape. Core technologies and applications, such as Building Information Modeling (BIM) and Real Estate Information Systems (REIS), are increasingly being adopted to streamline operations and enhance efficiency. According to a recent report, the BIM market in the real estate sector is projected to grow at a steady pace, reaching a market share of 30% by 2025. Service types and product categories, including property management, brokerage, and construction services, are also experiencing significant changes. For instance, the growing trend of remote work and online shopping is driving demand for flexible and adaptable commercial spaces.
Additionally, regulations and policies are evolving to accommodate these changes, with many governments investing in smart city initiatives and green building standards. Despite these opportunities, the market faces challenges such as economic uncertainty, changing demographics, and increasing competition. However, these challenges also present new opportunities for innovation and growth. For instance, the adoption of proptech solutions and the integration of artificial intelligence and machine learning are transforming the way commercial real estate is bought, sold, and managed. Overall, the market is a complex and dynamic ecosystem that requires constant monitoring and adaptation to stay ahead of the curve.

What will be the Size of the Commercial Real Estate Market during the forecast period?

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How is the Commercial Real Estate Market Segmented and what are the key trends of market segmentation?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Offices
  Retail
  Leisure
  Others


Channel

  Rental
  Lease
  Sales


Transaction Type

  Commercial Leasing
  Property Sales
  Property Management


Service Type

  Brokerage Services
  Property Development
  Valuation Consulting
  Facilities Management


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast period.

In the ever-evolving market, the offices segment is experiencing significant growth, driven by shifting work trends and corporate demands. Flexible work arrangements, hybrid models, and technological integration are transforming the need for office space. Businesses prioritize contemporary, adaptable, and technologically advanced workspaces to attract and retain talent. Co-working spaces like Regus and WeWork, which offer flexible office solutions, are gaining popularity. Major corporations, such as Google and Amazon, invest in innovative office designs that foster collaboration and employee satisfaction. According to recent market data, the offices end-user segment is projected to expand by 15% between 2024 and 2028, underscoring the continuous adaptation of workspaces to modern business practices.

Meanwhile, tenant occupancy rates remain a critical concern for commercial property owners. Lease agreement terms, negotiation strategies, and rent collection efficiency are essential factors in maintaining a healthy portfolio. Building lifecycle costs, code compliance, and investment return metrics are other essential considerations for property managers. Environmental impact assessments, construction cost estimating, and property tax appeals are also crucial elements in the market. Property value depreciation, commercial property insurance, and portfolio risk management are essential aspects of property management. Property management software, energy efficiency upgrades, and property tax assessments are key tools for optimizing o

The Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.

Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.

Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.



As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.



The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.

Spain Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

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Oman Cloud-Based Real Estate Valuation Software Market valued at USD 45 million, driven by digital adoption, AI integration, and government regulations for transparent valuations.

The Canada commercial real estate market size was USD 66.60 Billion in 2022 and is likely to reach USD 128.65 Billion by 2031, expanding at a CAGR of 4.78% during 2023–2031. The growth of the market is attributed to the rising demand for commercial properties.

Commercial real estate is a type of property used entirely for business-related work or to provide a workspace instead of living space. Depending on the functions, commercial property is mainly divided into four classes namely office space, retail, multi-family rental, and industrial use. This four main classes of real estates are further fragmented into three classes namely class A, class B, and class C.

Class A represents best properties in terms of location, quality of infrastructure, age and aesthetic. Class B includes properties, which usually goes for restoration. Class C properties are aged, in need of maintenance, and located in less attractive areas properties. Typically, commercial real estate is rented to tenants for putting the area or space into income-generating activities to earn profit through their business operations. Commercial real estate is widely suitable for opening up various business centers including healthcare facilities, office space, restaurants, hotels, resorts, and all kinds of retailers. In comparison to the residential properties, however, to run a business operation in commercial real estate requires a large amount of capital and systematic engagement for various update business development policies. Publicly traded real estate investment trusts (REITs) is probably a more feasible mode for people to invest in commercial real estate.



The COVID-19 pandemic outbreak had negatively impacted on the market. During the pandemic, emergency lockdown imposed by government body had forced to temporary shutdown of hotels, malls, resorts, and gaming facilities as part of policies to curb the virus spread. Additionally, adoption of work from home policy by many business organizations across the globe resulted in the temporary closure of offi

India Loan Advances: Real Estate: Oman International Bank data was reported at 9.064 INR mn in 2015. This records a decrease from the previous number of 15.016 INR mn for 2014. India Loan Advances: Real Estate: Oman International Bank data is updated yearly, averaging 18.213 INR mn from Mar 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 107.300 INR mn in 2000 and a record low of 8.218 INR mn in 2006. India Loan Advances: Real Estate: Oman International Bank data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KAH044: Scheduled Commercial Banks: Loan Advances to Senstive Sector: Real Estate.

Growth of Sector-Specific Smart Applications:Beyond residential homes, smart technologies are expanding into commercial and institutional domains. Government agencies and large-scale operators are integrating IoT energy management and security systems in industrial zones, ports, and logistics corridors that handle more than 300 million tons of cargo annually. These developments highlight the transition from household automation to sector-specific deployments in energy, manufacturing, and logistics. As the ecosystem matures, Omani vendors and integrators are expected to extend residential innovations—such as surveillance, metering, and climate automation—into industrial and public-sector applications, broadening the market’s long-term opportunity. Leveraging Artificial Intelligence and Predictive Automation:Artificial intelligence is revolutionizing Oman’s home automation landscape by enabling predictive control of climate and energy systems. With average temperatures above 30°C and air-conditioning accounting for a major share of residential power consumption, AI-based thermostats and adaptive cooling algorithms are helping households reduce load while maintaining comfort. Supported by 920 million OMR in annual telecom revenues and growing 5G penetration, AI-powered platforms integrate seamlessly with telco ecosystems, allowing real-time monitoring, diagnostics, and predictive maintenance within a single digital interface. Expansion of Developer-Led Smart Communities:Real-estate growth continues to be a central driver of smart-home demand. With a population of 5.26 million and a rise in new residential permits across Muscat, Al Batinah, and Dhofar, developers are embedding smart-ready wiring, IoT-enabled access systems, and energy dashboards into new projects. These initiatives align with Oman Vision 2040, which emphasizes sustainable urban development and smart infrastructure. As developers increasingly specify pre-installed automation systems in villas and apartments, large-scale procurement from integrators and manufacturers will fuel market acceleration in the coming years.