Office is part of the consultancy’s regional growth plans
UAE-based Cavendish Maxwell has just opened an office in Muscat, Oman, according to a statement from the firm. The property consultant also announced the appointment of Khalil Alzadjali as head of its Oman business.
Speaking about the opening of the new office, Jay Grant, founder and chairman of the firm said, “The move is part of an ambitious yet sensible expansion plan that will enable us to get closer to clients, demonstrate our exceptional capabilities and meet the growing demand for our real estate services in Oman.”
Despite current market conditions, the property consultancy is confident about Oman’s prospects. The firm says the country has invested in enhanced oil recovery techniques to boost output, while non-oil investments into sectors such as tourism are expected to hit $1.17bn by 2026.
According to the firm, increased infrastructure spending and employment avenues are expected to boost demand for residential, commercial and specialist property classes. This, in turn, is expected to drive up demand for real estate data and market intelligence by banks, developers and property owners.
“A lot of landlords and developers have very limited information about the real estate market, such as what to build, what the market needs and the risks that different parties face prior and during the development process and after completion,” says Alzadjali. “The government and private sector should embrace working together in order to assist and improve the real estate market in Oman, such as by controlling tax on properties and ensuring transparency on property information.”
Alzadjali has over 14 years of experience in the real estate industry in Oman. After beginning his career in property valuations in 2003, he worked with developers, banks and private clients across the Sultanate.
Commenting on the new office opening, Nigel Armstrong, CEO of Cavendish Maxwell said, “Cavendish Maxwell can demonstrate an enviable track record of professional and efficient client services across a broad spectrum of service lines, including commercial and residential valuations, building surveying, machinery and business assets, investment and commercial agency and strategic consulting and research. Oman and the wider Middle East offers great prospects for the company’s continued expansion and growing client base and we are extremely excited about the opportunities ahead. Our intention is to make sure that Cavendish Maxwell continues to achieve many more milestones over the coming years.”