Markets / Network Territory
Oman is an important part of GCC and it serves as the destination of choice for many European tourists in the Middle East, due to its natural beauty. It is also a business hub to many manufacturers interested in exporting products to North America, as it has a Free Trade Agreement in place with the United States. The currency is pegged to the dollar and it is highly stable. Oman is considered to be one of the safest countries in the region. The country has experienced an 8% population growth in the past year, while the average growth year on year, seen between the 1950-2010 did not exceed 2-4%. This is a testament to the economic growth in the country.
The population is fairly young and educated, and its exposure to international markets such as Dubai and Abu Dhabi has influenced the business culture. The commercial real estate market is growing at a fast pace and investors find opportunities with higher rates of return from multi-national tenants, when compared to other neighboring countries.
This is partly due to the lower cost of living. According to NUMBEO, "You would need around $3,000 in Muscat to maintain the same standard of life that you can have with $5,200 in Dubai (assuming you rent in both cities).
Large-scale developments are generally funded by a partnership between government and local developers. Several areas are designated as FREEHOLD, which allows foreigners to purchase property in their personal name without a local partner. The housing market's strength is mainly fueled by the young population moving toward stability.
Rents in low to mid range housing remains strong due to the lack of inventory. A shortage in Class A Office space has forced many companies to convert residential villas on major roads to meet the demand. The rents remain stable and high-end offices in Shutti al Qurum area are in high demand.
The retail market is changing with large malls and modern open-area community centers entering the market, offering entertainment and a higher quality of shopping experience. The rents remain strong and occupancy is above 90% in this sector.
The economy is highly concentrated on oil revenue, therefore, the government is steering focus toward tourism and plans to increase its visitors by 30%, which will help the hospitality sector. The occupancy rates are well above 75% across different classes, and the number of four and five-star hotels are relatively low when compared to neighboring countries.
NAI Oman is a commercial real estate advisory firm, with a focus on education, healthcare, hospitality, office, and retail in the Sultanate of Oman. We provide assistance to institutional investors when dealing with private and government sector for leasing, acquisition, disposition, valuation, feasibility analysis, project management as well as property management services in Muscat and Salalah. With over two decades of experience in development across different verticals, our team can assist you in finding the right solution.
Founded in 2016 as Al Faisal Modern Real Estate LLC, we strive to be a market leader in education, healthcare and hospitality advisory services in the Sultanate of Oman. Headquartered in Muscat, we are an Omani owned and operated company with over 20 years of business experience in the region.
We have access to other neighboring markets such as Dubai, Qatar, Kuwait, and Saudi.
Our approach to organizing all the pieces of the puzzle is simple. We look at your project from top to bottom. In education and healthcare sector, we work with the operators to identify their requirements while building a sound business model for the developer and finally the investor. The plan needs to be a win-win for all parties involved or else it does not work.
Advisory & Planning
Our education advisers at NAI Oman can help in the planning process to align your business goals with your school or nursery development or expansion.
Design & Development
We assist owners in formulating a design to match international educational facility standards and requirements, as well as oversee the project from start to finish and ensure a successful outcome.
Development budget planning
Technical and space planning
Staffing and operation
Laboratory design and layout
School Furniture design
Operating expenses and startup
Security and monitoring systems
Pre-opening planning and budgeting
From start to finish, we can assist you and your investment banking team to raise the necessary capital
Preparation of lender package
Presentation to lenders and equity partner
Our experience empowers us to create value through an integrated project management system. In assembling all the parts of a project, be it construction management, or green initiatives, we generate systematic processes which improve cycle time and reduce errors.
Brand & Operator Selection
Identifying an operator and brand for your school or nursery needs to be carefully managed. Therefore, we create a targeted list of operators/brands based on the property location, services, and area needs. We manage the entire process, which may include:
Request proposal from brands
Analysis of both quantitative and qualitative factors in the RFP
Establish key commercial terms with each operator
Investment Acquisition and Sales
As a member of the largest worldwide network, NAI Oman is engaged to acquire or sell income producing education facilities with a net lease for institutions and private investors. Our local-market leading brokers have earned a reputation for excellence among institutional investors, and local investors.
- • Office
• Warehouse & Logistics
• Brokerage Services
• Investment Services
• Corporate Services
• Tenant Representation
• Project Leasing
• Valuation & Advisory
• Tenant mix Consultancy
• Joint Ventures
• Project Management
- Brokerage Services
- Our clients range from institutions and pension fund advisors to private developers and individuals, all requiring superior market intelligence and custom solutions based on specific objectives. NAI offers a full spectrum of consultancy and transaction services including single building, portfolio and land acquisitions and dispositions, project leasing build-to
Our investment teams represent clients with every type of commercial property, expertly navigating the process of valuation and due diligence. As a global organization, our Members are advisors with access to broad capital market and institutional relationships. And as local market leaders, NAI Dubai delivers exceptional marketing and intelligence, and the ability to offer related services such as property management and lease administration.
Because every client faces a unique combination of business and real estate challenges, we make it our primary focus to listen carefully and understand your marketplace and business opportunities. Our approach is consultative, partnering with you as one team: starting with an advisory and planning process, we are able to align your goals with your needs for transaction management, project management or portfolio management.
Evaluation & Research Services
- We practice an ever-evolving strategy of being flexible to the customization required for reporting procedures for asset and property valuation. as part of its services provides market analytics, valuation and assessment of properties. NAI DUBAI develops a forward-looking perspective on anticipated real estate market performance for its clients based on market trends and analysis exposure and potential risks. By conducting, communicating, and applying value