Muscat Real Estate News
Muscat
Middle East, Africa Hotels Post Mixed Results in April
According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.
Oman, Other Gulf States Property Markets to Stabilize in 2018
Oman's GDP growth is expected to rise to 5.2% next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat.
BREXIT Not a Barrier for Middle Eastern Property Investors in UK
A government-led delegation of UK investors and developers are set to visit the Middle East to strike deals with investors as they continue to plough their wealth into the UK post-Brexit.
Ramadan Impacts Middle East Hotels
According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
