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Monday, January 13, 2014

OMAN: Salalah witnesses boom in real estate sector

Salalah witnesses boom in real estate sector
By Kaushalendra Singh — SALALAH — There is boom in real estate sector in Salalah due to multi-faceted development activities going on in all walks of life. Demand for new residential accommodations have gone up due inflow of workers coming to join new projects and others who are coming here to work in companies which have started operations recently. A set up like Salalah Gardens Mall has more than 1000 employees working on daily basis. Though most of the workers are locally hired, it has necessitated demand for new residential premises, as most of the recruits feel like shifting to their own residential accommodations in Salalah to avoid shuttling from far off places in Dhofar.
“I tried my level best to shuttle from Al Nasheeb to Salalah daily to do my duty at Salalah Gardens Mall, but I found this arrangement not feasible. I was either over speeding while driving or reaching late to my work,” said Mohammed who works as manager in one of the companies at the mall.
Finally he shifted to Salalah along with his family in a rented accommodation. Mohammed is not an isolated case. There are many others who have moved to Salalah either from mountains or from far off places in Dhofar. The situation has given a fillip to demand in residential accommodation in Salalah. The scope of economic development in Salalah vests in tourism and industry sectors and they make a solid ground for real estate development in Salalah. Ali Hussein Muqaibal, former chairman of the Committee for Real Estate Development, explained other reasons for real estate development in Salalah. “The overall development of Salalah and its emergence as one of the most developed cities in the Gulf region is not far to seek,”  He cited the development of state-of-the-art Salalah airport, successful launch of Salalah Free Zone (SFZ) and development of road infrastructure in whole of the Dhofar Governorate as reasons for real estate development.
He, however, suggested to get some issues of real estate operators resolved through discussion and positive dialogue. “The issues are not very big but they need to be resolved to avoid any confusion. We are looking forward to have practical norms on sell and purchase of lands and buildings and trying to have a nice coordination between buyers and sellers or customers and owners,” he said. Muqaibal termed Salalah a unique place on many counts. “I think this is one of the rarest places where the journey between sea and mountain is hardly 15 minutes and mountain to desert is not more than 20 minutes. They all offer reason for growth of real estate in Salalah.” From tourism view point we have four seasons. January to March is suitable for European tourists while Khareef is all time favourite among tourists coming from neighbouring Arab countries.
The climate during this time is so good that tourists from other parts of the world also love to pour in to Salalah, he said. Salalah’s real estate has seen fast growth in recent times. Areas like Sadah, New Salalah, Gharbiya, Al Wadi, Awqad and Raysut have seen tremendous growth. Sadah area, which was known mainly for College of Applied Sciences and College of Higher Technology, has developed as self contained residential — cum business area with all residential facilities, shopping complexes branches of five major banks. Similar is the case with other new areas where development can easily be seen in terms of new roads, food outlets, bank branches and shopping areas. Real estate operator Abdullah finds great demand for houses, which is growing day by day.  “This has happened due to on-going expansion work in almost all the sectors. There is big flow of manpower in Salalah due to the airport expansion project and activities in Salalah Free Zone. Tourists’ flow has also increased in recent past.”



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