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Ihsan Kharouf

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Oman Rental Market Hit by Double Whammy: Pandemic, Low Oil Prices
August 31st, 2020 - 08:30 GMT

Oman Rental Market Hit by Double Whammy: Pandemic, Low Oil Prices

The impacts of the Covid-19 pandemic and lower oil prices will place both the residential and office space rental sectors in Oman's capital Muscat under further pressure over the coming months, according to leading global real estate advisors Savills. As a result of this twin effect, Savills expects to see increasingly challenging economic conditions and an acceleration of the exodus of the expatriate population. Market conditions in both the residential ...
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