25/01/2026
Muscat – 25 January 2026 – Jabal Real Estate Investment Fund (REIF), a closed-ended listed fund focused on income-generating commercial real estate, is pleased to announce the successful acquisition of the Nesto Hypermarket building, a newly constructed, high-quality retail asset strategically located in Ansab, Muscat.
This landmark acquisition reflects REIF’s ongoing commitment to strengthening its portfolio with high-performing and long-term leased assets that provide strong income visibility and compelling long-term returns. The transaction is also aligned with Islamic investment principles, providing investors with access to Sharia-compliant real estate opportunities in Oman.
The acquisition was completed on 22 January 2026, with a net investment value of OMR 10.2 million, financed through Islamic financing.
The acquired asset is a newly completed, high-quality retail property strategically located in the residential area of Ansab, Muscat, and is fully leased and occupied by Nesto Hypermarkets LLC, one of the region’s leading retail operators. The property is well positioned to become a key shopping destination for the rapidly growing community in Ansab and surrounding areas. It comprises a built-up area of around 18,000 sqm, situated on a freehold land plot. The asset is secured by a 20-year lease agreement, with rent paid in advance on a regular basis, enhancing cash collection certainty and further mitigating credit risk.
“This acquisition represents another important milestone for REIF in executing its portfolio strategy—targeting prime commercial assets with strong tenants, long-term leases, and resilient income characteristics,” said Mr. Hisham Salim Nasser Al Khadouri, Real Estate Manager of REIF’s investment manager, Jabal Asset Management LLC.
“The transaction represents a defensive addition to REIF’s portfolio and supports the Fund’s objective of delivering stable, sustainable income and attractive long-term value for investors, while contributing to the continued development of Oman’s modern commercial real estate landscape” added Mr. Issa Al Battashi, Managing Director of REIF’s investment manager, Jabal Asset Management LLC, and Board Member of REIF.
The Investment Manager remains confident in the positive momentum of Oman’s real estate market, a view supported by leading industry experts. This growth continues to be driven by government-led reforms and Vision 2040 initiatives, which are accelerating economic diversification and strengthening the Sultanate’s long-term investment appeal. According to Savills’ Oman Property Market – Q3 2025 report, market conditions remained steady, supported by resilient demand across key sectors and sustained economic stability.
The Investment Manager further noted that the downward interest rate environment is becoming increasingly supportive of real estate investment. As deposit rates continue to decline, investors are increasingly seeking alternative opportunities that offer stable, long-term income and capital preservation. In this context, REIF presents an attractive option, offering access to income-generating real estate investments that are also structured in accordance with Sharia-compliant principles.
About Jabal Asset Management
Jabal Asset Management (JAM) is a Muscat-based Emerging Markets specialist investment manager and broker, licensed by the Financial Services Authority of Oman. JAM offers seven investment funds, discretionary mandates, and bespoke solutions across Oman, the GCC, China, India, and global emerging markets, spanning equities, fixed income, real estate, and private equity. JAM’s flagship digital platform J Invest Mobile App seamlessly integrates brokerage and asset management, enabling clients to open accounts, onboard digitally, and invest in global emerging markets with ease.
Jabal REIF is accessible through the J Invest, offering investors an efficient and user-friendly platform to participate in the Fund.
For more information, please contact Reif@jabal.om or info@jabal.om
