'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 21:52 2017 Thursday ,19 October
Israeli forces arrest 7 Palestinians in West Bank
GMT 15:41 2017 Wednesday ,04 October
Putin warns against double standards in war on terror
GMT 23:42 2017 Monday ,18 September
Mattis 'shocked' by low level of US military readiness
GMT 07:45 2017 Friday ,21 April
French policeman killed in Paris attack claimed by IS
GMT 17:36 2017 Saturday ,14 October
What's at stake for business in Iran's nuclear deal
GMT 14:14 2017 Saturday ,11 February
Ghada Adel praises participation with Adel Imam
GMT 21:00 2017 Thursday ,05 October
Scores of settlers storm into Al Aqsa
GMT 11:56 2017 Wednesday ,29 November
Iraqis throng to Picasso in Baghdad
GMT 05:43 2018 Wednesday ,12 September
"Ala" Syria determined to liberate Idleb from terrorism
GMT 19:47 2018 Thursday ,18 January
Sultan Al Qasimi launches Sharjah real estate projects
GMT 21:39 2018 Friday ,12 January
Crown Prince chairs meeting of the Supreme Commission
GMT 13:37 2018 Sunday ,07 January
PML-N govt solves terror, electricity problems: Abid Sher Ali
GMT 14:56 2017 Monday ,06 March
Pablo Escobar's son slams TV series for 'glorifying' criminals
GMT 10:58 2017 Thursday ,20 April
Kabbara meets Saudi counterpart, IMO chief in Cairo
GMT 00:10 2017 Tuesday ,10 October
Turkey calls for new round of Syria talks in Geneva
GMT 00:29 2017 Tuesday ,24 October
HM King congratulates UN secretary-general
GMT 14:02 2017 Tuesday ,24 October
Death toll rises in attack on Egyptian police officers in Giza
GMT 10:42 2017 Monday ,22 May
Egypt refers 48 IS suspects to military court
GMT 18:59 2017 Thursday ,11 May
India, Russia to ink deal on fifth-generation fighter aircraft design
GMT 05:18 2017 Thursday ,12 October
Sub-Saharan Africa to grow at a slower rate this year
GMT 03:34 2017 Monday ,18 September
August24th-September23rd
GMT 08:00 2017 Wednesday ,22 February
Iraqi troops lobetate Ghozlani Camp and prepare to liberate
GMT 23:32 2017 Thursday ,27 July
10 fishing boats to be sunk for poaching
GMT 13:41 2017 Sunday ,06 August
ERC delivers food assistance to needy families in Yemen
GMT 09:02 2017 Thursday ,13 April
One Killed in Blast at Southeastern Turkish Security Facility
GMT 08:09 2017 Tuesday ,25 April
Israeli enemy drone violates Lebanese skies
GMT 12:06 2017 Saturday ,21 January
Weakness in oil and gas dents GE earnings
GMT 17:20 2017 Tuesday ,01 August
Gum disease linked to higher cancer risk in women
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