Market-leading real estate consultancy and chartered surveying firm, Cavendish Maxwell, has completed its first year of successful operations in the Sultanate, further solidifying its position as a key partner in the region’s property market.

Cavendish Maxwell has enjoyed enviable growth in Oman over the last year, securing significant valuation instructions from a number of high-profile clients.

Khalil Alzadjali, Head of Cavendish Maxwell in Oman, says they are committed to driving this growth into 2019 and beyond.

“Last year was a period of fantastic growth and valuable learnings for the entire team. We worked with notable government and private clients, served on the advisory panels of leading Omani banks, and our portfolio continues to expand with excellent results. Using our in-depth market knowledge and expertise, and unique data-driven approach – the basis for our critical market analytics – to advise leading banking panels in the country, we help local authorities frame transparent policies and regulations that will benefit all participants of Oman’s real estate industry." 

Cavendish Maxwell’s official report on Oman’s property market, to be released in Q1 2019, indicates certain real estate offerings showing increased demand.

“With the real estate market in Oman recovering positively, we expect to see new opportunities arise for the sector’s stakeholders in the short, medium and long term.”

However, as outlined in the upcoming report, Oman’s real estate market poses a few potential shortcomings, particularly in residential properties.

An oversupply of apartments, an overall fall in residential property investment and a lack of quality villas to meet demand are proving to be challenging circumstances.

Alzadjali said there is a need to provide more professional services for Oman’s growing property sector and help mitigate some of its market fluctuations.

 “As Oman’s property sector matures, highly skilled professionals, like chartered surveyors and valuers, will become integral to driving the sector’s success. We are prepared for this, and our success over the past year is a testament to our professionalism, commitment and delivery of unparalleled services in providing key market insights - as well as the value such services bring to this growing sector. This is what sets us apart from the competition and will ensure our continued success.”

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