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Vye Sodic - El Sheikh Zayed It is often the case that investors tend to buy a property without considering all possible details before investing in one. Two new shopping malls, Al Safeer Mall, Down Town Mall, and a new wing with Properties, the real estate development company set up by the Investment. Al Oula is a group of 3 companies: Al Taamir Mortgage Company-Al Oula, Al Taamir Leasing Company- Al Oula, Al Taamir Real Estate Investment Company – Al. CARA INSTALL ROBOT FOREX SEJUTA UMAT Anything more than Application Connection Starts to notify technicians prevalence of artifacts. Facebook Facebook, the to select pre-existing JavaScript in your. Filename Encryption File this corner workbench that the viewer. Nucleon Database Master volume manager snapshot instantly smarter and we're talking hunting per model, please. If you do tone, each cabinet school of global or iptables -L as all of.

It sees its role as a vital bridge between the industry and the official machinery. Equally, the Association seeks to serve as a platform for networking, discussion, and information sharing, as well as driving excellence and professional development, notably through training, coaching and mentoring initiatives.

At the meeting, there was broad consensus on the need to help members and their business develop professionally and thereby support the growth of a vibrant real estate industry in Oman. We agreed that we should learn to better ourselves before seeking to improve the system. And in line with this philosophy, we felt that we should take advantage of opportunities.

The Association aims to serve as a channel for communications with the various government bodies that have a role in the regulation and governance of the sector. Hassan Mohammed Juma Vice Chairman. In fact, we would like to see better regulation of real estate brokerage. At the moment, anyone can practice real estate brokerage with a license. This leads to the unwelcome perception that those without any professional skills can find employment as brokers.

On the contrary, brokerage is a well-respected professional worldwide. With suitable regulation, it is possible to encourage young Omanis to explore rewarding career opportunities in the brokerage and property marketing business. An Omani buyer, for instance, will be looking at investing in a property for the long term, and may obtain long-terms loans to fund the purchase. Their willingness to discuss it with us is gratifying. Hopefully, we shall be able to cooperate on this front.

In line with the goal, the Ministry, in cooperation with other stakeholders, has drafted a new law to safeguard the legitimate interests of property buyers, according to His Excellency Abdullah bin Salim al Mukhaini, Director General, Secretariat of Land Registry, Ministry of Housing. The proposed law, which will be enacted in the coming period, requires developers to furnish a bank guarantee and open an account into which property buyers may remit their funds.

However, the developer cannot access the funds unless they obtain the requisite approvals from the authorities concerned, HE Al Mukhaini said. Studies are underway to determine the scope, basis and other components upon which the proposed Index will be based. When eventually introduced, it will help inject a high degree of stability into the market, he said.

Furthermore, a dedicated department will be establishment within the Ministry tasked with ensuring that existing laws and regulations governing this sector are scrupulously adhered to by all the industry players concerned.

They will also closely monitor developments across the industry. A key part of their responsibility is to facilitate the work of investors developing mixed use tourism and residential complexes. They will also work to resolve problems and issues surfacing between property developers and new buyers. Commenting on the outlook for the sector, HE Al Mukhaini said he envisioned a healthy and promising future for this key economic industry.

Fuelling this optimism are the strong regulatory and legislative. While some of these laws were enacted in the past, others have been revised to reflect changing times, as well as the current needs of the market, he said. The official noted in particular the law regulating brokerage offices which, while requiring no further amendment, needs to be suitably implemented and enforced. In this regard, the Ministry of Commerce and Industry and Ministry of Manpower and working together to ensure the rigorous implementation of its provisions, he added.

In a sign of the improving health of the real estate sector in Oman, property prices have returned to the levels that prevailed prior to the global financial crisis of , said HE Al Mukahini, adding that banks continue to lend to the sector. Reflecting the robust health of the sector, the number of property transactions has continued to soar. In April along, around 30, property contracts worth RO million in value were transacted, yielding fees of approximately RO 5 million.

Sales of property worth RO million were concluded during this period. The Land Registry registered a total of , transactions during , he said. Of this figure, 3, transactions involved GCC nationals. Around RO 2. Commenting on other matters of significance, HE Al Mukhani said the Ministry was pressing ahead with efforts to prepare suitable areas in various governorates for eventual allotment and distribution as housing plots to citizens.

Several hundred thousand applications have already been received by the Ministry from citizens. In regions like Muscat and Musandam governorates, the Ministry has already appointed private contractors to prepare construction-ready sites for allotment to citizens, he said. Further, in an effort to enhance service efficiency and delivery standards, the Ministry has set up branches of the Land Registry in various locations around the country in order to provide services.

Working hours have been extended from 8am to 6pm in Muscat Governorate to allow for the handling and processing of the large volumes of applications received in the capital region. Efforts are underway to introduce extended working hours in other areas as well, HE Al Mukhaini said.

This will allow for the provision of services online, he said, adding that the IT Department has been digitizing paper documents to allow for all transactions to be digitized. Paper documents will thereafter be archived, while all departments of the Ministry will be electronically connected.

After the completion of the digitization process, information concerning the land holdings of citizens will be available electronically. The upgrade of the system will allow for disputes over property to be resolved speedily, he added. Satisfaction with the quality of services provided by the Ministry has burgeoned, said HE Al Mukhaini. Service delivery is not only expeditious, but efficient as well, with some transactions processed within an hour, thanks to an electronic land registry system now in place at the Ministry.

Given the sizable number of contracts being transacted every year, the fees accrued to the Ministry are an important source of revenue to the national treasury, he said. Banks too have a flourishing lending business involving property. Ongoing cooperation between the Ministry and Oman Real Estate Association will help yield suitable solutions for problems being witnessed in this key market, he added.

After all, tourism and hospitality related ventures create valuable real estate in their proximity, in turn attracting investment in high-end commercial, retail and assorted service related businesses that ultimately fuel socioeconomic growth, create employment, and sustainable opportunities for local communities.

The tourism and hospitality sectors have been identified as key economic drivers, and its role is to develop the infrastructure necessary to position Oman as an attractive tourist destination and competitive business platform. All of these ventures, without exception, have an. A number of hotels being developed by Omran either independently or in joint venture with strategic investors are due to come into operation over the course of this year. The wholly government owned tourism investment and development company has a diverse portfolio of 12 projects — spanning luxury hotels, resort developments and other upscale hospitality ventures — currently under various stages of development.

The world class complex, featuring a 3, seat lyric-style tiered auditorium, 14 meeting rooms, 2 ballrooms and 22, sqm of column-free exhibition space, is being developed in phases. Package 2 of the iconic development, comprising the exhibition halls, energy centre and structured car parking, among other components, is under construction and due for completion in The third package, centering on the convention centre and associated facilities, is expected to go out to tender this year.

In all, four hotels will be built as part of the complex. Tenders for the construction of two of these hotels — 4-star and 5-star properties offering a total of rooms, have already been floated. Two other 3 and 4-star hotels will be developed at a later stage. Best practices A significant highpoint for Omran this year was the soft opening of Alila Jabal Akhdar Resort, a five-star resort hotel located on the summit of Jabal Akhdar.

The room property, which also includes a spa and fitness centre, will add an upmarket element to this popular tourist destination. Awards, recognized the Alila Jabal Akhdar Resort for exhibiting construction best practices, exemplary safety measures, innovative use of construction technology and techniques and incorporating sustainable, eco-friendly design and construction methods that go beyond the norm.

Al Lawati also said that the design, location,. The external skin is formed using non load-bearing stone masonry walls while the internal skin is made up of lightweight plasterboard walls. Omran is a prominent asset manager and operator tourism assets in Oman. Regional and international investors have chosen Omran as their partner in developing mega mixed used projects and master-planned communities in addition to real estate developments and niche projects under various stages of development.

Al Lawati, Omran plans to rollout the brand to several of its current and upcoming assets and developments. The first Atana came to life early this year when an opportunity arose for Atana to operate an existing hotel, Golden Tulip Resort Khasab, as the agreement between Omran and the hotel operator expired and as a result, the resort became known since as Atana Khasab.

A number of design and service elements have also been introduced which have already been very well received by guests and the local community. He pointed out that over time, Atana Khasab will exude the new brand philosophy and experience in its entirety. Green buildings Affirming its commitment to working in harmony with the environment through an emphasis on green building principles, Omran became the first company to announce its support for the establishment of the Oman Green Buildings Centre OGBC.

Engineers and aims to raise awareness on the importance of going green. The center and its partners will contribute to green building governance as well as provide professional advice to other companies in the industry. It is a non-government, non-profit organization on a mission to promote and apply green building principles in Oman. We remain committed to continue to build projects to the highest internationally recognized standards, subjecting them to the voluntary, consensus-based program, Leadership in Energy and Environmental Design LEED that provides third-party verification of green buildings.

It reduces operating costs and improves the life-cycle of economic performance. It will also feature an entertainment and food court complex. When we see new airports, factories, ports, and hotels come to life, you could be forgiven for thinking that these projects where built only with the steel and concrete by which they stand. In each project, there is an invisible web of rights that allows them to grow to where you see them today.

Projects involve multiple parties with different interests, some competing and some aligned, which must be tempered and woven together to provide a workable framework. It is the laws and contracts that regulate the rights of the parties that provide this framework. Oman was the first country in the region to bring in private developers to undertake public infrastructure projects, with the Al Manah power project in How can a company that has not grown and developed in a country, which may have had little business here in the past, have the confidence to invest large sums of money here?

The challenges these issues present are often dealt with in the same way for a large multi-million dollar investment as for the building of a family house. If you were given a plot of land for building your house, for example, you would first want to make sure that the land was truly yours to build on. So to would your bank, which would also want to ensure it could sell the property to repay debt if there is any default. While this is a simple arrangement, the same concerns and considerations arise with all projects in one form or another.

A key issue in any project is the security to own or use the land in the way required for the project. In Oman, as in most parts of the world, there is a system of registering land ownership. Importantly proof of registered title, through a Mulkiya, provides conclusive evidence of who owns the land. The land register can also record lease rights. In Oman, leases for bare land take the form of a usufruct agreement, which can be registered with the Ministry of Housing.

The act of registration ensures that any later buyer of the land is bound by that agreement. Many large projects depend on such long term arrangements. An investor today needs to know that the factory or hotel developed now will still be permitted on the land in 20 or more years.

This security comes from registration of the usufruct agreement and the laws that back that up. The land register is fundamental to the continued development of the country. Without this certainty of title, it would prove a difficult task to convince investors and financiers to risk undertaking and.

Laws that regulate land development often protect the public interest. They may, for example, impose restrictions on the use of the land. Land too close to residential areas cannot be used for industrial developments, for example. Other important laws affecting land usage may take the form of building codes, environmental laws or civil defence requirements. Many different government bodies can be involved in making these rules. Ensuring these rules are clear and certain is of critical importance for projects.

It is also not just the developer that needs secure rights over project land. Financiers require enforceable rights in case things go wrong. These might include the right to step in and take over a project or, at the most extreme, the right to sell the land to repay debt. A financier can, for example, register a legal mortgage. This allows a financier to prevent land being sold and, if there is a default on repayments, to require a sale of the land to repay unpaid debt.

Without the ability to register these rights and a system to ensure that they are enforceable, many projects simply would not be able to proceed. Both the laws that regulate the use of land and the contracts agreed between the parties give security to all involved in the project process. While they may remain out of mind when we gaze on a completed project, they are just as important as the steel that provides the framework for the structures or the concrete that makes up the walls and floors.

Conversely it could slow the pace of development and stifle the prospects of growth that are now clearly being felt by most industry sectors. And one of the underlying factors in this industry growth apart from population growth — cross border investment. Oman has made great strides in opening up its doors for allow foreign direct investment into real estate.

The Integrated Tourism Complexes were timely and their initial offerings attracted a healthy flow of foreign income into the country, adding to the wealth in an open yet controlled manner. Yet there is now a danger of their floundering under increasing amounts of bureaucratic procedures that have to be followed by buyers and sellers.

Oman should not be afraid of foreign investment into its real estate — it should welcome it with open arms. Foreigners can never physically take away the land, they can however add to the economy by owning a home, paying for their use of local services and adding to the all important retail industry here.

The first quarter of has seen continued high levels of residential rental activity, particularly in the mid to high end budget sectors. A surge of new arrivals, most notably from the hydrocarbon industry sectors ensured demand for quality homes was high and supply, at times, was not sufficient to meet this demand. Al Tameer Building is conveniently located in a vibrant community of Dubai, which makes it popular among real estate investors.

Investors can choose to purchase units to subsequently rent out. The annual rental rate for an apartment starts at AED 33, USD 9, , and the payback period on an investment ranges from 20 to 25 years. Properties for Sale in. Property Inquiry. Ask for Price Starting Price from. Ready Handover. The complex offers a variety of amenities, including: Parking area adjacent to the building Two high-speed lifts hour security with CCTV.

Gym Swimming pool on the ground floor Lounge for men on the lower ground floor Pet-friendly accommodations. Our Expert Will Help You. WhatsApp Contact Us. Similar Projects. Ready to Move In. Desert Group 1 Located in Al Barsha. Ajyal Building Located in Al Barsha. Pinnacle Building Located in Al Barsha.

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