Market ReportApril 2026
Oman Real Estate Outlook 2026
Residential transactions in Greater Muscat rose 14% YoY, led by branded residences in Bawshar and Al Mouj.
12 min read→
Mawj Developments · Founded 2011 · Muscat
We build the addresses Oman will remember.
A vertically integrated developer and investment manager. We originate, finance, build and operate institutional-grade real estate across the Sultanate.
OMR 1.1B
Assets under management
13
Active projects
15.7%
Weighted target IRR
7.7%
Stabilised portfolio yield
The Portfolio
Live developments and core income assets.
Our approach
Vertically integrated. Patiently capitalised.
01
Origination
We source off-market land and partnership opportunities through 15 years of relationships across Muscat.
02
Capital
We co-invest alongside sovereign, family-office and institutional capital - never just a placement agent.
03
Delivery
Our in-house development team has delivered 1.6M m² over the past decade, on time, on budget.
04
Asset management
We hold and operate stabilised assets in our core portfolio. Skin in the game.
Leadership
The people behind the portfolio.
FA
Faisal Al Harthy
Chairman & CEO
30 years across regional real estate, infrastructure and capital markets.
NM
Noor Al Maamari
Chief Investment Officer
Former MENA head of acquisitions at a sovereign wealth fund.
TS
Tariq Al Salmi
Chief Development Officer
Delivered 1.4M m² of mixed-use development across the GCC.
HZ
Huda Al Zadjali
Head of Asset Management
Leads core portfolio of 9 stabilised income assets across Muscat.
Insights
Research desk.
Quarterly briefings on Omani real estate trends, capital flows and regulatory shifts.
Sector BriefMarch 2026
The case for branded residences in the GCC
Branded units traded at a 31% premium across the GCC last year. We unpack what this means for Omani developers.
8 min read→
Investment ThesisFebruary 2026
Why we're long on Sur
Tourism infrastructure, marine conservation, and undersupplied luxury hospitality create a rare entry point.
6 min read→
Investor relations
Capital partnerships.
We work with sovereign, institutional and family-office capital. Briefings are private and tailored to your mandate.
◎ Mawj House · MQ Business District, Muscat
◎ +968 2400 8000
◎ ir@mawj.om