Like many of its Gulf neighbours, Oman's real estate market experienced a meteoric rise over 2007 and 2008 across all segments, with property values increasing by upwards of 200%. But, again, like most of its neighbours, the Sultanate's market experienced a correction following the global financial fallout stemming from the US sub-prime crash. After years of unabashed growth across the sector, prices have stabilized, and some have even began registering declines starting in October 2008. But Oman's young and growing local population – projected to almost double over the next two decades to 5m by 2025, with 43% of Omanis under the age of 14 – should ensure future sector growth. Regardless of how the global economy progresses, Oman's residential market will need to expand in order to accommodate a growing population – both domestic and foreign.

But remember OMAG has not publicly updated their numbers since 2006!!!!!!