Alfardan Group has announced the opening of Sotheby’s International Realty, a global leader in real estate franchising and brokerage firm, in Finaa Alfardan, Muscat, Sultanate of Oman. The branch marks the brand’s first foray into the real estate market in Oman and will be operational from March 18.
The Oman Sotheby’s International Realty (OSIR) chapter will be operated under Alfardan Group, a Doha-based conglomerate whose legacy extends over 65 years and maintains a strategic and ambitious expansion drive in the region.
Alfardan Group has significantly evolved to become one of the largest business groups, which includes a number of subsidiaries across a wide range of industries. Oman Sotheby’s International Realty will join under the Alfardan Group umbrella enriching the real estate industry in Oman.
Oman offers prospective investors new horizons for investment with a growing economy and a geographical location that overlooks international and regional sea lanes alongside lucrative ports. Projecting a positive outlook, Oman is ripe for investment backed by a stable economy, strong infrastructure, and qualified human resources.
Omar Hussain Alfardan, president and CEO, Alfardan Group, stated: “Oman offers a diverse culture, a rich heritage and a world of opportunity in terms of real estate that attracts Oman Sotheby’s International Realty.
“As one of the emerging markets in the GCC region, luxury real estate in Oman is growing rapidly at par with swift development across hospitality, tourism, and economic sectors.”
He added: “These exciting developments are just the pinnacle of what the Omani property market has to offer, and Oman Sotheby’s International Realty will be one of the brokerages proud to give buyers and investors exclusive access to exceptional properties around Oman and the world.”
The international realty enters the market with a mission to deliver the highest quality of service for an elite clientele with expertise in the industry and extensive knowledge of the market. Through its premier resources in the Omani property market, OSIR offers unique property listings in key areas and a team of highly skilled experts to aid sellers, buyers, renters, and investors navigate the real estate market.
OSIR is set to begin operations, effective March 18, with a portfolio of high-end properties in prime locations around Oman and internationally. Properties range from apartments, duplexes, to penthouses and villas.
The Sotheby's International Realty network currently has more than 23,000 affiliated independent sales associates located in 1,000 offices in 70 countries and territories worldwide. The firm's brokers and clients will benefit from the Sotheby’s network by being able to access international developments and listings through affiliate offices worldwide.
The launch of OSIR opens a new destination for foreign investors. Tourism is enshrined as a key pillar of the Oman National Vision 2040 and considered as an engine of economic growth which has already seen over 20 billion Omani Riyal in investment as it continues to develop.
Prospective real estate investors can reach OSIR to learn more about their portfolio through +968 2411 7018, +968 9571 4640, or via email at [email protected].