Oman: Shura council approves draft real estate registry law
The council discussed the amendments to some provisions of the Law of Arbitration in Civil and Commercial Disputes, which was referred by the government.
Dr Ahmed bin Ali al Saadi, Chairman of the Legislative and Legal Committee, explained that the amendments aim to enhance the effectiveness of arbitration procedures to support the Sultanate of Oman's efforts to adopt international best practices in the field of dispute resolution.
The council also discussed the draft real estate registry law referred by the government. Dr Ahmed bin Ali al Saadi, Chairman of the Legislative and Legal Committee, reviewed the committee's report on the draft law, which includes 40 articles distributed across five chapters.
Al Saadi explained that the current real estate registry system no longer keeps pace with the technological boom the Sultanate of Oman has witnessed over the past decades in terms of real estate documentation and registration particularly after the introduction of digital registry systems, electronic title deeds and remote documentation services.
The meeting also approved the vision of the Public Services and Utilities Committee regarding the draft air transport agreement between the Sultanate of Oman and the Kyrgyz Republic, referred by the government.
The council is holding its eleventh regular meeting today (Wednesday), during which the draft civil society institutions law, referred by the government, will be discussed.
The meeting saw the presentation of two urgent statements, the first of which was related to the Ministry of Labour's decision requiring commercial establishments that have completed one year since to employ at least one Omani citizen. The second addressed the failed food security projects and recommended taking decisive decisions to avoid financial waste.
In the statement delivered by Mohammed bin Nasser al Mahrouqi, representative of the Wilayat of Sinaw, regarding the Ministry of Labour's decision, he called for exempting micro and small enterprises from implementing the decision. He also called for supporting medium-sized enterprises financially to enable them to employ national job-seekers.
Mohammed bin Khamis al Hussaini, a representative of the Wilayat of Samayil, delivered an urgent statement regarding the failed food security projects. He recommended decisive decisions to avoid financial waste, noting that some food security companies have turned into a heavy burden on the state's general budget.
2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Business
4 hours ago
- Gulf Business
Al Reem Island leads the pack: 38% price surge puts it at no 1 in Abu Dhabi
Image credit: Supplied Abu Dhabi's real estate market is witnessing unprecedented momentum in 2025, with Al Reem Island emerging as the standout performer in both investment and lifestyle offerings. According to MERED, the international award-winning real estate developer, Al Reem Island recorded a remarkable 38 per cent year-on-year increase in off-plan property weighted average prices during Q2 2025. Read- These figures, based on extensive transaction data from Quanta, underscore the island's appeal as a premium investment destination. In comparison, Khalifa City and Jubail Island saw notable, though more modest, price increases of 24 per cent and 20 per cent respectively, further confirming the overall resilience and upward trajectory of Abu Dhabi's property market. Image credit: Supplied In the rental segment, Residents of Al Reem Island benefit from a unique urban lifestyle that blends waterfront living, Grade-A office spaces, top-tier healthcare, expansive retail offerings, and the sprawling 1,000,000 square-foot Reem Central Park. Situated between Abu Dhabi's business core and the cultural hub of Saadiyat Island, the island embodies a modern 'live-work-play' ethos. Branded residences power luxury real estate growth Abu Dhabi's booming real estate sector isn't limited to just one location. The luxury and branded residences market is experiencing record growth in 2025, with branded property launches increasing fourfold compared to 2024, according to Metropolitan Capital Real Estate (MCRE). Fuelled by rising interest from high-net-worth individuals (HNWIs), international investors, and a growing pool of long-term residents, the capital's premium segment has seen a five per cent increase in transactions valued at Dhs7m and above, totaling Dhs6.3bn in the first four months of the year alone. More than half of these deals were in the Dhs10m and above bracket, signaling heightened investor confidence in Abu Dhabi's upscale real estate offerings. 'Abu Dhabi has firmly positioned itself as a premier destination for luxury and lifestyle-led investments,' said Evgeny Ratskevich, CEO of MCRE. 'Many investors who began with a single unit are expanding their portfolios, while long-term residents are choosing to buy rather than rent, reflecting a deep trust in the market's long-term potential.' One of the most significant drivers of this growth has been the surge in branded residence developments, particularly in hot spots like Saadiyat Island, Al Reem Island, and Mariah Island. With at least 25 new branded residences expected to launch in 2025, up from just a handful last year, Abu Dhabi is quickly becoming a hub for high-end, lifestyle-centric living. Notable launches this year include Jacob & Co Beachfront Residences, Brabus Residences by Cosmo, Waldorf Astoria Residences, Elie Saab Waterfront, SHA Wellness Residences, and Mandarin Oriental Residences. One standout transaction came from Nobu Residences, which made headlines with a record-breaking penthouse sale of Dhs137m, the highest ever residential sale in Abu Dhabi. New era for Al Reem Island and ADGM MERED is poised to further elevate Al Reem Island's profile with a new waterfront project that spans over 23,400 square meters within the Abu Dhabi Global Market (ADGM) jurisdiction. Designed in partnership with Pritzker Prize-winning architects, the project promises to redefine super-prime living in the capital, offering direct sea views, iconic design, and unmatched luxury. 'Al Reem Island has unequivocally established itself as Abu Dhabi's premier residential destination. Waterfront properties are now averaging over Dhs1,800 per square foot, with new launches exceeding those prices,' said Artemiy Marinin, Project Director at MERED. A major catalyst in Al Reem's ascent has been the expansion of ADGM's jurisdiction to the island in April 2023. Since then, more than 1,100 new businesses have joined, bringing the total to over 11,000 registered entities. This influx of professionals, executives, and entrepreneurs has added further depth to the island's luxury appeal and rental demand. As Abu Dhabi's urban landscape evolves, the combination of strong fundamentals, visionary developments, and branded living is setting a new benchmark for residential real estate. From record-breaking sales to design-driven innovation, Al Reem Island is leading the charge in the capital's transformation into a global real estate hotspot.
Zawya
7 hours ago
- Zawya
Oman Data Park advances net zero goals with the country's first Green Energy Data Center initiative
Muscat: Oman Data Park (ODP), the Sultanate's premier provider of managed services, cloud solutions, and advanced cybersecurity, has entered into a strategic partnership with Solar Wadi to launch a transformative solar power project that will generate 1.4 megawatts (MW) of clean energy in its initial phase. A subsequent expansion will add an additional 400 kilowatts (kW) of capacity, reinforcing its commitment to reducing the carbon footprint of its data operations. This pioneering initiative will directly power ODP's data centers and represents a decisive step toward the establishment of Oman's first Green Energy Data Center, an ambition that underscores the company's dedication to sustainable digital infrastructure and its alignment with the nation's Net Zero targets outlined under Oman Vision 2040. Speaking on the announcement, Maqbool Al Wahaibi, CEO of Oman Data Park, said, 'This initiative is more than an infrastructure upgrade; it is a statement of intent about the future of data management in Oman. Integrating large-scale solar power generation into mission-critical facilities marks a turning point in how we approach energy resilience in the digital economy. By aligning renewable innovation with operational reliability, we are redefining the standards for sustainable cloud and data services, while advancing a technology landscape grounded in environmental responsibility.' The first phase of the project will see the installation of solar panels in the wadi area and atop the Knowledge Oasis Muscat (KOM) 4 building in Rusayl to capture optimal sunlight and maximize electricity generation. The generated power will be channeled directly into existing electrical panels and switchgear, providing an estimated 1.4 MW of clean energy for ODP's operations. Phase Two will extend coverage by an additional 400 kW through the installation of solar infrastructure in the facility's car parking area, further reinforcing ODP's renewable energy potential. In addition to Rusayl, ODP's upcoming state-of-the-art data center in Firq, Nizwa, has been purpose-built with solar infrastructure integrated into its very foundation. Designed to deliver a total power output of 4.4 MW and to accommodate over 500 racks, with the solar initiative the facility will, from inception, generate an estimated 350 kW of that capacity from clean, solar-powered electricity, thereby advancing ODP's long-term strategy for environmentally responsible, next-generation data services. By embedding sustainability into its development roadmap, ODP continues to solidify its standing at the forefront of the region's transition to a green, circular economy. This initiative strengthens the nation's renewable energy momentum and underscores ODP's influence in shaping the future of Oman's technologically advanced, eco-conscious infrastructure.
Zawya
7 hours ago
- Zawya
Vivienda Developments launches Jaen in West Cairo with EGP 900mln investments
Vivienda Developments, a subsidiary of AM Group, has announced the launch of its latest residential project, 'Jaen', in West Cairo. The development, located in the Green Belt area of Sheikh Zayed, spans 10 feddans or 42,000 sqm ,and comes with total investments of EGP 900 million. Positioned as a new milestone in Vivienda's portfolio, Jaen introduces an integrated urban and architectural concept that blends authenticity with modern design. The project is tailored for both homeowners and investors, offering distinctive architectural styles, efficient space utilization, and the company's signature commitment to premium finishing standards and on-time delivery. Strategically situated in Plot 8 – Green Belt – Sheikh Zayed, Jaen lies near the Cairo–Alexandria Desert Road, Dahshour Link, and the 26th of July Corridor. This prime location combines tranquility, privacy, and green landscapes with easy connectivity to Cairo's main roads and key destinations. According to Eng. Amr Basha, Chairman of Vivienda Developments, the company chose West Cairo after years of activity in New Cairo, driven by rising demand for more spacious and quieter areas such as Sheikh Zayed and the Green Belt, which have witnessed strong growth following major infrastructure upgrades. Jaen will feature a variety of unit types, including standalone villas, twin houses, and townhouses, starting from 230 sqm. Each home is designed with smart layouts that maximize interior spaces, while residents benefit from fully integrated services and amenities across the compound. To deliver on its vision, Vivienda has partnered with top industry names: YBA – Eng. Yasser El Beltagy as architectural and landscape consultant, Huawei and Protech as technology advisors, AMG as engineering consultant, El Hosany Engineering Consultants for architectural drawings, and Mohamed Fawzy, CEO of Protech Egypt & UAE, as technical consultant. Vivienda currently has a project portfolio in New Cairo valued at around EGP 400 million and is preparing to expand further in West Cairo with new developments in Sheikh Zayed, New October, and New Zayed. Additional mixed-use projects—residential, administrative, and commercial—are also in the pipeline for New Cairo. Since its establishment in 2007, Vivienda Developments has built a strong track record with successful projects in New Cairo's prime neighborhoods, including Andalus, El Banafseg, Investors, and Gardenia Heights. The company is widely recognized for its commitment to high-quality finishes, modern designs, and strict delivery schedules. The launch of Jaen marks a new chapter in Vivienda's growth strategy—delivering integrated communities that balance architectural beauty, innovation, and investment value in one of West Cairo's most promising locations.
