'Rents to drop by at least 7 per cent in 2017 in Muscat'
Rents to drop by at least 7 per cent in 2017
Muscat - Arab today
Residential rents are likely to drop by 7 per cent this year, according to research by Cluttons.
Rents dropped by 10 per cent in 2016 and will continue to fall in 2017 especially in accomodation with low maintenance and amenities for tenants.
The first quarter of 2017 witnessed a stable rate of housing units with a decline of only 0.6 percent for the period of January to March.
Rent for office space is expected to fall by 10-15 per cent due to low demand.
"We believe that the prices of residential units may have bottomed out or are nearly there, especially in some areas," Faisal Durrani, head of research at Cluttons said.
"The combination of economic situation that has led to an expat erosion and the continuous oversupply is the reason for lowering rents. We expect it to remain relatively stable this year but there will be a small drop in rents especially in areas that havent seen steep decline in rents over the past few years," Matthew Wright, Head of Consultancy at Cluttons said.
Source: Timesofoman
- Sunday ,09 December GMT 12:33 2018 Egypt's decision to adjust customs' duties on luxury goods to benefit economy
- Wednesday ,05 December GMT 21:03 2018 Bahrain's economic delegation concludes successful India visit
- Thursday ,29 November GMT 20:20 2018 Japan funds project to enhance water quality project in Palestinian town
- Wednesday ,28 November GMT 09:50 2018 Egypt, Saudi Arabia to strengthen economic ties in coming phase
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchangeGMT 12:33 2018 Sunday ,09 December
Egypt's decision to adjust customs' duties on luxury goods to benefit economyGMT 21:03 2018 Wednesday ,05 December
Bahrain's economic delegation concludes successful India visitGMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWAGMT 20:20 2018 Thursday ,29 November
Japan funds project to enhance water quality project in Palestinian townGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phase
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 17:06 2017 Sunday ,01 October
Renewable energy investors see opportunity in Puerto Rico’s
GMT 07:14 2018 Sunday ,09 December
Liverpool go top as Man City lose unbeaten record at Chelsea
GMT 23:48 2017 Wednesday ,20 December
Mohamed bin Zayed, King Salman discuss regional issues
GMT 06:42 2017 Sunday ,17 December
Saudi Arabia to Announce ‘Citizen Account’ Policies
GMT 11:19 2016 Saturday ,24 September
Kerber to strengthen number one hold in Wuhan
GMT 18:07 2017 Saturday ,17 June
Huawei launches Ramadan campaign ‘Light up your heart’
GMT 09:54 2016 Friday ,30 December
Shoot knife-wielding Palestinian woman
GMT 22:51 2017 Sunday ,08 January
In Zimbabwe, a first lady exerts her power
GMT 02:52 2016 Wednesday ,21 December
Obama condoles with Merkel after market attack
GMT 16:29 2017 Thursday ,26 January
Prefers social TV programs to politics
GMT 06:00 2017 Tuesday ,17 October
Putin says welcomes Trump's calls for deeper ties with Russia
GMT 04:54 2017 Tuesday ,21 February
Al-Zayani denounces terrorist bombings in Iraq, Pakistan
GMT 16:43 2016 Saturday ,15 October
DiCaprio issues climate action call in new documentary
GMT 04:46 2017 Wednesday ,01 February
Former head of Italy's railways found culpable over 2009 train disaster
GMT 15:07 2016 Monday ,18 July
Riyad Bank posts SR1.15bn net profit
GMT 19:11 2017 Thursday ,09 March
More than 22 million Pakistan children out of schools: Report
GMT 06:27 2018 Wednesday ,24 January
Bahrain International Airport posts 10% cargo growth in 2017
GMT 04:38 2018 Wednesday ,24 January
Weak eyesight no hindrance for 'Professor' Chung
GMT 13:51 2017 Tuesday ,19 December
Al-Qaeda divisions may aid Assad as he eyes Syria’s Idlib
GMT 15:05 2013 Wednesday ,18 December
CMJ Media unveils Endless Jewelry & Allied Gold as new clients
GMT 21:41 2017 Wednesday ,03 May
4 hardcore suicides tried by military courts hanged
GMT 15:12 2017 Sunday ,27 August
Emirati women have excelled in all fields: Razan Al Mubarak
GMT 02:46 2017 Thursday ,13 July
Widodo prays at Kocatepe Mosque in Ankara city
GMT 01:29 2017 Friday ,08 December
UAE condemns US decision on Jerusalem
GMT 10:32 2017 Tuesday ,09 May
How Egypt’s Eman Ahmed will be treated after move from India to UAE
GMT 23:57 2017 Thursday ,19 October
Google’s sister company Deepmind forms ethics unit
GMT 07:26 2016 Sunday ,11 September
President Xi congratulates opening of Schwarzman College
GMT 19:58 2017 Monday ,13 February
World's heaviest woman under observation; put on liquid diet
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor