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Muscat, Property Market Outlook, Spring 2016

Cluttons has released our Muscat Property Market Outlook report for Spring 2016.

The report provides detailed insights to the residential and commercial market both of which have experienced some movements since our last report.

The falling residential rents across the city are reflective of the slowing economic growth and subsequent slowdown in the rate of job creation.

This is being further exacerbated by wide ranging redundancy programmes in key business segments.

In the office market, the sharp slowdown in the overall level of requirements since the start of the year is yet to prompt a market-wide downward readjustment of rents, which appear to be on the cusp of a fall.