Middle East property market upbeat

How can one build an efficient property market that can obtain kudos from the international community? Well, in this case, there are some requirements and you have to fulfill these at the very outset. These include sound capital, persistent determination, consistency, zeal to accomplish the objective in a meteoric style. Haven’t you perceived the lofty and globally acclaimed real estate, housing projects of the Middle East? How has this become a reality in the area that was barren almost 50-70 years ago? You should ask this question to yourself and can get the answer only then. The mantra of consistency, grit and uphill struggle have remained as the decisive factors behind success.

Do you know the present condition? Even the buyers in Oman are found to take active interests in property investment project at Ajman in UAE. It is to be noted that UAE or United Arab Emirates shares a common border with Oman and Oman has witnessed a 12.9 per cent growth in GDP in 2007. But the condition of the property market in the same country is not sound and happens to have only3.8 percent of the national GDP.

According to the consideration of Sweet Homes, the well-known and foremost developer in the realm of UAE, the situation is upbeat and the immense prospects of the region are tempting the foreign buyers and investors. This company was instrumental in conducting road shows on the Ajman Uptown project in Oman and informed the viewers that the investors of the country were having interests in villas and townhouse communities. The researches have stated that the property investments in Oman are still low but are expanding by leaps and bounds too. While the investment in 2005 was $0.75 million, it became $4.2 billion in 2007. There is a strong expectation that this will rise to 20.8 billion by 2010.

Speaking on this Fahad Sattar Dero, Chief Executive of the firm, said, “With a growing number of Omani players looking to invest in residential communities outside of Oman, we are confident that Ajman Uptown will be met with an overwhelming response.”