Is buying a flat a good investment option in OMR?

Is buying a flat a good investment option in OMR?

Buying an apartment on the OMR will ensure best immediate returns in terms of rentals and will also offer great resale value in the future. The number of completed and ongoing residential and commercial projects in the area have contributed to its growth and demand. The IT corridor also offers vast opportunity for appreciation over the short period, making it a good investment choice.

The area is especially preferred by the younger generation for the employment opportunities with numerous companies in the vicinity and availability of all types of properties, in addition to enhanced connectivity and future price appreciation. Investing here is bound to be a lucrative decision as the residential market has seen a significant price rise in the recent past.

OMR has better infrastructure than other suburbs in the city. Although land supply is limited, the area has a bright future with a huge supply of apartments.

Apartments in OMR come with value adds like security, ample parking spaces, power back-up, water systems and fire safety mechanism, in addition to luxury amenities like clubhouse, landscaped gardens, play area, convenience features and more. Despite the average value of apartments increasing significantly over the last few years, the prices are still not too high and still affordable for buyers.

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