Hawana Salalah: It's growing!
Hey everyone,
I've been tracking the progress of Hawana Salalah, and let me tell you, this place is on fire!
Just today I received some new numbers.
The past year has been nothing short of phenomenal for this destination, showing significant strides in both real estate and hospitality.
Real Estate on the Rise
First off, let’s talk real estate. Hawana Salalah has seen an incredible boost in its real estate market. Net sales have shot up by a whopping 70.4%, climbing from USD 7.881 million in Q1 2023 to an impressive USD 13.431 million in Q1 2024. Even the number of units sold went up by 33.3%, with 32 units finding new owners. The main reason is that they have launched a huge new real estate project last year: "Amazi Beach". If you want to learn more about it and hear my personal opinion, just contact me.
And if you’re curious about prices, the average selling price per square meter increased by 5.6%, now sitting at USD 2,571.76.
Keep in mind, this is just an average price. Depending on the unit and location, the price could be much more or much less.
Hotels Hitting New Heights:
Now, let’s switch gears to hospitality. The hotels in Hawana Salalah have been rocking it!
They’ve maintained stellar operational performance, with occupancy rates soaring to 92% in Q1 2024, up from 85% the previous year. This isn’t just a fluke; the Total Revenue Per Available Room (TRevPAR) jumped by 13.6% to reach USD 188.7. This is also good news for all the home owners who are not permanently living in Oman and list their apartments on Airbnb, Booking.com or Agoda.
Final Thoughts:
Hawana Salalah is truly a rising star, and its growth trajectory shows no signs of slowing down. The significant jumps in sales, occupancy rates, and revenues are clear indicators. It’s not just a great spot for vacationers but also a promising area for investors.
I'll keep an eye on this destination, Stay tuned for more updates. And if you have any questions or just want to get in touch with me just contact me.
I've been tracking the progress of Hawana Salalah, and let me tell you, this place is on fire!
Just today I received some new numbers.
The past year has been nothing short of phenomenal for this destination, showing significant strides in both real estate and hospitality.
Real Estate on the Rise
First off, let’s talk real estate. Hawana Salalah has seen an incredible boost in its real estate market. Net sales have shot up by a whopping 70.4%, climbing from USD 7.881 million in Q1 2023 to an impressive USD 13.431 million in Q1 2024. Even the number of units sold went up by 33.3%, with 32 units finding new owners. The main reason is that they have launched a huge new real estate project last year: "Amazi Beach". If you want to learn more about it and hear my personal opinion, just contact me.
And if you’re curious about prices, the average selling price per square meter increased by 5.6%, now sitting at USD 2,571.76.
Keep in mind, this is just an average price. Depending on the unit and location, the price could be much more or much less.
Hotels Hitting New Heights:
Now, let’s switch gears to hospitality. The hotels in Hawana Salalah have been rocking it!
They’ve maintained stellar operational performance, with occupancy rates soaring to 92% in Q1 2024, up from 85% the previous year. This isn’t just a fluke; the Total Revenue Per Available Room (TRevPAR) jumped by 13.6% to reach USD 188.7. This is also good news for all the home owners who are not permanently living in Oman and list their apartments on Airbnb, Booking.com or Agoda.
Final Thoughts:
Hawana Salalah is truly a rising star, and its growth trajectory shows no signs of slowing down. The significant jumps in sales, occupancy rates, and revenues are clear indicators. It’s not just a great spot for vacationers but also a promising area for investors.
I'll keep an eye on this destination, Stay tuned for more updates. And if you have any questions or just want to get in touch with me just contact me.