Commercial Real Estate In Oman Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Commercial Real Estate Market in Oman Report is Segmented by Type (Offices, Retail, Industrial, Logistics, Multi-Family, and Hospitality) and Key Cities (Muscat, Sohar, and Dhofar). The Report Offers the Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

Commercial Real Estate In Oman Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Oman Commercial Real Estate Market Size

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Oman Commercial Real Estate Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 2.22 Billion
Market Size (2030) USD 2.89 Billion
CAGR (2025 - 2030) 5.37 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Oman Commercial Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Oman Commercial Real Estate Market Analysis

The Oman Commercial Real Estate Market size is estimated at USD 2.22 billion in 2025, and is expected to reach USD 2.89 billion by 2030, at a CAGR of 5.37% during the forecast period (2025-2030).

  • The commercial real estate market in Oman is experiencing significant growth, including potential growth of the hospitality and travel industries due to relaxed restrictions and vaccine roll-outs, the development of traditional office space dedicated to startups and new companies, and the introduction of new co-working spaces in the country.
  • Under Vision 2040, the Omani government is inviting more investment flows into the commercial real estate market. Furthermore, investment opportunities are growing in the hospitality and industrial segments, with developers increasingly attracted to tax breaks, reduced rent, fast-tracked licenses, and duty waivers available in the country.
  • In addition, the Omani Ministry of Commerce, Industry and Investment Promotion (MoCIIP) initiated a program with more than 50 different investment opportunities in May 2021 to attract investments worth USD 520 million into the industrial sector. This initiative further accelerates the country’s economy with an increase in GDP.
  • Furthermore, Oman's Public Establishment for Industrial Estates (Madyan) is planning six new industrial cities to develop 50 million sq. m of new acreage for industrial investment under Vision 2040. These new clusters are coming up at Mahas, Ibri, Shinas, Marmul, Thamrait, and Al Mudhaibi.

Oman Commercial Real Estate Industry Overview

The Omani commercial real estate market is fragmented due to the presence of a large number of players in the market. Some of the major players in the market include Al Taher Group, BBH GROUP, OMRAN Group, Malik Developments, and Shanfari Group. The country is witnessing significant investments backed by non-oil economic growth, especially in the industrial sector, which is expected to present growth opportunities for more players to enter the market during the forecast period.

Oman Commercial Real Estate Market Leaders

  1. BBH Group

  2. Omran Group

  3. Malik Developments

  4. Al-Taher Group

  5. Shanfari Group

  6. *Disclaimer: Major Players sorted in no particular order
Oman Commercial Real Estate Market Concentration
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Oman Commercial Real Estate Market News

  • November 2023: The long-delayed Blue City project in Oman was relaunched under the auspices of the Grand Blue City Development Company, which is backed by the sovereign wealth fund Oman Investment Authority (OIA). The project is also known by its Arabic acronym, BAT.
  • July 2023: Oman Tourism Development Company (Omran) announced plans to seek a multidisciplinary consultant to undertake a concept masterplan for the entire site and to provide a detailed masterplan and detailed architectural design guidelines for the mixed-use town of Madinat Al Irvine East. The mixed-use town center will likely cover 175,000 sq. m and feature a number of modern mixed-use developments. The development of the town center will help position Oman as a premier MICE and business tourist destination.

Oman Commercial Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 Rise in Population Driving the Market
    • 4.2.1.2 Foreign Investments Driving the Market
    • 4.2.2 Market Restraints
    • 4.2.2.1 High Costs Affecting the Market
    • 4.2.3 Market Opportunities
    • 4.2.3.1 Technological Innovations Driving the Market
  • 4.3 Supply Chain/Value Chain Analysis
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers/Consumers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Offices
    • 5.1.2 Retail
    • 5.1.3 Industrial
    • 5.1.4 Logistics
    • 5.1.5 Multi-family
    • 5.1.6 Hospitality
  • 5.2 By Key Cities
    • 5.2.1 Muscat
    • 5.2.2 Sohar
    • 5.2.3 Dhofar

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Company Profiles
    • 6.2.1 BBH Group
    • 6.2.2 Omran Group
    • 6.2.3 Shanfari Group
    • 6.2.4 Al-Taher Group
    • 6.2.5 Malik Developments
    • 6.2.6 Hamptons International & Partners LLC
    • 6.2.7 WUJHA
    • 6.2.8 Diamonds Real Estate
    • 6.2.9 Al Tamman Real Estate
    • 6.2.10 Alfardan Group
    • 6.2.11 Al Osool Group
    • 6.2.12 Hilal Properties*
  • *List Not Exhaustive
  • 6.3 Other Companies

7. FUTURE OF THE MARKET

8. APPENDIX

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Oman Commercial Real Estate Industry Segmentation

CRE stands for 'commercial real estate.' It can refer to anything from a single store to a large shopping center. It can also refer to property used solely for business purposes or to serve as a workspace instead of a home, which would be considered residential real estate (HVAC). The most common use for CRE is leasing to tenants to carry out income-producing activities. Commercial real estate (CRE) refers to property for business-related purposes or to provide a workspace rather than a living space.

The commercial real estate market in Oman is segmented by type (offices, retail, industrial, logistics, multi-family, and hospitality) and key cities (Muscat, Sohar, and Dhofar).

The report offers the market sizes and forecasts in value (USD) for all the above segments.

By Type Offices
Retail
Industrial
Logistics
Multi-family
Hospitality
By Key Cities Muscat
Sohar
Dhofar
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Oman Commercial Real Estate Market Research FAQs

How big is the Oman Commercial Real Estate Market?

The Oman Commercial Real Estate Market size is expected to reach USD 2.22 billion in 2025 and grow at a CAGR of 5.37% to reach USD 2.89 billion by 2030.

What is the current Oman Commercial Real Estate Market size?

In 2025, the Oman Commercial Real Estate Market size is expected to reach USD 2.22 billion.

Who are the key players in Oman Commercial Real Estate Market?

BBH Group, Omran Group, Malik Developments, Al-Taher Group and Shanfari Group are the major companies operating in the Oman Commercial Real Estate Market.

Which is the fastest growing region in Oman Commercial Real Estate Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Oman Commercial Real Estate Market?

In 2025, the Europe accounts for the largest market share in Oman Commercial Real Estate Market.

What years does this Oman Commercial Real Estate Market cover, and what was the market size in 2024?

In 2024, the Oman Commercial Real Estate Market size was estimated at USD 2.10 billion. The report covers the Oman Commercial Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Oman Commercial Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oman Commercial Real Estate Industry Report

Statistics for the 2025 Oman Commercial Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oman Commercial Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.