Omani brides invest in real estate

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Brides in Oman are increasingly turning to real estate to invest their dowry money, Al Arabiya reported Thursday (October 7th).

Brides are turning away from the traditional investment in gold and instead using their dowry to obtain mortgages.

"Since 2005, the number of young women getting property loans has risen from just 12 percent to 33 percent of total mortgage lending," said Khalid al-Kathiry, a mortgage broker at the Oman Arab Bank.

Fatma Fallahy, a marriage counsellor in Muscat, told the network that women are more aware of the importance of having property in their names. "It makes them feel secure," she said.

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