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Oman real estate market under pressure due to low oil prices

Posted on September 10, 2020

The impacts of the Covid-19 pandemic and lower oil prices have stressed both the residential and office space rental sectors Currently around 350,000 sq m of office space is available in the rental market in Muscat with a further 100,000 sqm of office space under construction between Qurum and Muscat Hills , to be complete in the coming 12 to 18 months.