Landlords in Oman will need to offer better perks to attract tenants as the release of new supply puts downward pressure on property rents, real estate consultancy Cluttons said. The sultanate risks developing a split property market with owners of villas and apartments in older, badly-maintained developments struggling to attract new residents, Cluttons analysts said. “In 2012 landlords will have to work harder to compete and provide real value for money by meeting tenant expectations,” analysts wrote in a report, warning of the risk of a two-tier market. “Well-designed properties [will] have relatively stable rental values and high occupancy rates while properties which are poorly designed or built have declining rental values.” “Due to the increasing oversupply of office space… rental values will continue to soften as new office space enters the market,” analysts wrote.
