The four largest malls in the Omani capital account for 40% of the total gross leasable retail area across the city.
International occupiers of office and industrial space have demonstrated renewed confidence in Dubai.
Infrastructure improvements are set to majorly improve Dubai's connectivity in the lead up to Expo 2020.
In the wake of the financial crisis, which caused residential schemes to stall across Abu Dhabi and the rest of the UAE, some developments have recently resumed construction activity, with a slow trickle of units starting to gather pace.
With Dubai's real estate market benefitting tremendously from the improved economic conditions, tenant demand has once again begun to ripple across the border into Sharjah, Dubai's northern neighbor and the United Arab Emirates' third largest state.