Salalah top favourite for GCC investors

Salalah continues to be the favourite among GCC nationals for buying property in the Sultanate.

According to the Ministry of Housing, the real estate ownership by investors from GCC countries was highest in the Wilayat of Salalah followed by Buraimi and Suhar.

“UAE nationals have been the biggest beneficiaries of property deeds handed out by the ministry in March this year with 62 ownerships forming 48 per cent,” said a statement by Abdullah bin Salim al Mukhaini, Secretary of the Real Estate Registry in the ministry.

Kuwaitis were in the second position with 41 ownerships, followed by Qatar (14), Bahrain (8) and Saudi Arabia (5). Al Mukhaini said a total of 27,681 titles were issued in March, including those to the GCC nationals.

A total of 6,302 new plots were registered for the first time in different governorates.

Of these, 5,280 were for residential use, 180 residentialcommercial, 88 commercial, 172 industrial,