One more player from Dubai has arrived in Oman to fill the 'vast gap' for apartment units against the demand as Muscat keeps expanding in every direction.
"In the last couple of years nearly 5,000 housing units have come up in Muscat, but there's room for more," Abid Juneid, executive director of Dubai-based ETA Star Properties, told Gulf News on the sidelines of a signing ceremony on Saturday at the Oman Holdings International Co (OHI) headquarters in Muscat.
ETA Star Properties inked an agreement with Oman-based OHI to launch a premium luxury township at Qurum, in the heart of Oman.
"The new 5,000 apartment units are just the tip of the iceberg and there's immense potential to develop property in Oman, which is witnessing robust, all-round growth," said Maqbool Hamed Al Saleh, chairman of the OHI Group, after signing the agreement.
http://www.gulfnews.com/business/Real_Estate_Property/10243164.html
