Oman Residential Real Estate Market
Segments - by Types (Condominiums, Villas, and Others) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The residential real estate market in Oman size is anticipated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for housing real estate space Moreover, rapid urbanization owing to the migration in search of better amenities is driving the market growth.
Residential real estate is an area developed for people to live in it. Some people purchase real estate in intention of making money, by selling it at a profit, leasing it to others, or charging people for the rent. Most people in the country use residential real estate property to live on it.
The real estate market involves buying and selling of condominiums, villas, and houses for personal or business use. Residential real estate business has been growing exponentially owing to the presence of established players entering the market. Government reforms and lower rentals and mortgage rates in the developing countries are expected to boost the market during the forecast period.
Residential real estate consists of housing for individuals, families, and groups of people. This is the most common type of estate and also the asset class that most of the people are familiar with, across the globe. Within the residential space, there are single-family homes, apartments, condominiums, townhouses, and other types of living arrangements.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of affordable units of housing are expected to propel the market growth in the coming years.
- Rising population in the country is anticipated to act as a major driver for the residential real estate market in Oman.
- Political uncertainty in the country is hampering the market growth. This, in turn, has created hesitation for the investors, as ROI is unsure on the projects.
- The COVID-19 pandemic had disrupted the housing market across the globe. Decreasing disposable income owing to close of manufacturing facilities and corporate offices have decreased the sales of real estate properties. Moreover, the fear of the third wave of the pandemic is expected to maintain pressure on the market.
- Amidst the pandemic, government-owned and private lenders have decreased the interest rate to revive the economy, which is expected to stimulate the market growth. Moreover, government initiatives to introduce stimulus package is expected to positively influence the growth of the market.
- Rising development and investment supported by favorable regulations are expected to boost the market growth during forecast period.
- The National Program for Enhancing Economic Diversification (Tanfeedh) is offering tax exemptions to investors, competitive advantages on imports, and customs duties, which is expected to drive market growth during forecast period. Thus, government initiatives to implement policies to encourage foreign investments can create lucrative opportunities for new entrants and emerging players in the market.
Scope of Residential Real Estate Market Report
The report on the residential real estate market in Oman includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Residential Real Estate Market - Oman Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Condominiums, Villas, and Others) |
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Geographic Zone |
Oman |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Al Mouj Muscat, Majan Development Company, Wujha Real Estate, and Al-Taher Group. |
Residential Real Estate Market in Oman Segment Insights
Villas segment is projected to hold a key market share
On the basis of types, the market is segmented into condominiums, villas and others. The villas segment is expected to hold a key market share during forecast period. Rising number of tourists is influencing the development of villas in the country. Moreover, increasing preference of Oman-based citizens to live in villas is driving the growth of the market segment.
The others segment is expected to exhibit a high CAGR during the forecast period. Increasing inflation rate and rising cost of villas are encouraging citizens to buy apartments in affordable housing projects. However, the decline in the permit for the establishment of residential buildings can impede the segment growth.
Segments
The Oman residential real estate market has been segmented on the basis of
Types
- Condominiums
- Villas
- Others
Country
- Oman
Key Players
- Al Mouj Muscat
- Majan Development Company
- Al Raid Group
- Wujha Real Estate
- Al-Taher Group
Competitive Landscape
Key players competing in the Oman residential real estate market includes Al Mouj Muscat, Majan Development Company, Wujha Real Estate, and Al-Taher Group.
Major industry players are partnering with government entities to expand their market share. Moreover, they’re focusing on the development of affordable housing projects to leverage their market position.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Real Estate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Residential Real Estate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Real Estate Market - Supply Chain
4.5. Global Residential Real Estate Market Forecast
4.5.1. Residential Real Estate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Real Estate Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Residential Real Estate Market Absolute $ Opportunity
5. Global Residential Real Estate Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Residential Real Estate Market Size and Volume Forecast by Types
5.3.1. Condominiums Villas Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Residential Real Estate Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Residential Real Estate Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Residential Real Estate Demand Share Forecast, 2019-2026
7. North America Residential Real Estate Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Residential Real Estate Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Residential Real Estate Market Size and Volume Forecast by Types
7.4.1. Condominiums Villas Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Residential Real Estate Demand Share Forecast, 2019-2026
8. Latin America Residential Real Estate Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Residential Real Estate Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Residential Real Estate Market Size and Volume Forecast by Types
8.4.1. Condominiums Villas Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Residential Real Estate Demand Share Forecast, 2019-2026
9. Europe Residential Real Estate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Residential Real Estate Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Residential Real Estate Market Size and Volume Forecast by Types
9.4.1. Condominiums Villas Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Residential Real Estate Demand Share Forecast, 2019-2026
10. Asia Pacific Residential Real Estate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Types
10.4.1. Condominiums Villas Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Residential Real Estate Demand Share Forecast, 2019-2026
11. Middle East & Africa Residential Real Estate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Types
11.4.1. Condominiums Villas Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Residential Real Estate Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Residential Real Estate Market: Market Share Analysis
12.2. Residential Real Estate Distributors and Customers
12.3. Residential Real Estate Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Al Mouj Muscat Majan Development Company Al Raid Group Wujha Real Estate Al-Taher Group
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Real Estate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Residential Real Estate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Real Estate Market - Supply Chain
4.5. Global Residential Real Estate Market Forecast
4.5.1. Residential Real Estate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Real Estate Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Residential Real Estate Market Absolute $ Opportunity
5. Global Residential Real Estate Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Residential Real Estate Market Size and Volume Forecast by Types
5.3.1. Condominiums Villas Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Residential Real Estate Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Residential Real Estate Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Residential Real Estate Demand Share Forecast, 2019-2026
7. North America Residential Real Estate Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Residential Real Estate Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Residential Real Estate Market Size and Volume Forecast by Types
7.4.1. Condominiums Villas Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Residential Real Estate Demand Share Forecast, 2019-2026
8. Latin America Residential Real Estate Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Residential Real Estate Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Residential Real Estate Market Size and Volume Forecast by Types
8.4.1. Condominiums Villas Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Residential Real Estate Demand Share Forecast, 2019-2026
9. Europe Residential Real Estate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Residential Real Estate Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Residential Real Estate Market Size and Volume Forecast by Types
9.4.1. Condominiums Villas Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Residential Real Estate Demand Share Forecast, 2019-2026
10. Asia Pacific Residential Real Estate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Types
10.4.1. Condominiums Villas Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Residential Real Estate Demand Share Forecast, 2019-2026
11. Middle East & Africa Residential Real Estate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Types
11.4.1. Condominiums Villas Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Residential Real Estate Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Residential Real Estate Market: Market Share Analysis
12.2. Residential Real Estate Distributors and Customers
12.3. Residential Real Estate Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Al Mouj Muscat Majan Development Company Al Raid Group Wujha Real Estate Al-Taher Group
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