Real Estate for Sale in Oman

Oman is a maritime state. The Sultanate is surrounded on three sides by the Omani Gulf, the Arabian Sea, and the Persian Gulf. The northern and eastern borders are water - all major cities, including the capital and tourist centers, are located on the coast. But beyond the coastal plain, a completely different world opens up - 82% of the country's territory is occupied by deserts, mountain ranges, and river valleys.

$650 000

Amount of investment in real estate to get a residence permit in Oman for 5 years

$1.3 mln.

Amount of investment in real estate to obtain a 10-year residence permit in Oman

About the Region

The Sultanate of Oman

The Sultanate of Oman is a country located in the southeast of the Arabian Peninsula. The country borders Yemen to the south, Saudi Arabia to the west, and the United Arab Emirates to the northwest. The capital of Oman is Muscat. The state has a good location and a pleasant climate. It is known for its rich culture and history, including its contributions to global trade and shipbuilding.

The government is taking measures to modernize and globalize the economy and tourism sector. There are historical monuments listed in UNESCO, natural attractions, wadis, and luxurious resorts on the coast, which attract tourists annually. The developed infrastructure, stable economy, and government programs aimed at attracting investments are interesting for expatriates and company employees. The average level of wages and infrastructure development here is significantly higher than in the CIS countries and some European states.

good location

Oman's infrastructure is quite developed, especially in the cities of Muscat, Salalah, and Sohar.

In large cities, highways, roads, and dirt roads connect all major settlements and tourist attractions. Oman's road network is approximately 60,000 km long.

Airports in Oman are located in almost all major cities - Muscat, Salalah, Kasab, Duqm, and others. The largest of them is the international airport in Muscat, which provides the main connection with cities around the world. Salalah and Sohar have their own international airports.

There are no passenger rail networks in Oman, but bus services are actively used on intercity and local routes, connecting all major cities. Oman's industrial railway network is relatively small, with a total length of about 500 km. It is mainly used for transporting goods, including oil, gas, and other resources produced in the country.

Ports of Oman, such as Sohar, Salalah, and Duqm, are considered important points for the transit of goods and cargo from different countries. Many tourist liners and private boats arrive in Muscat.

Oman has a developed healthcare system. The sultanate has 59 hospitals and 897 medical centers, dispensaries, and clinics. State and private medical institutions are open in all major cities, especially in Muscat and Salalah. These include the Royal Hospital, Abeer Hospital, Khoula Hospital, Health Center, Dhofar International Medical Center, and others.

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Oman's educational infrastructure

Oman's educational infrastructure is also quite well developed: kindergartens, schools, colleges, and universities operate as both state and private institutions.

Most of these institutions are located in Muscat. Among them are Willowbrook Nursery Muscat, Horizon Kids International Nursery, Creative Initiative Montessori, Orange Tree Children's Nursery, The American International School of Muscat, ABA Oman International School, British School Muscat, The Sultan's School, Al Shomoukh International School, and others.

Currently, there are many universities open in the sultanate. The most famous, Sultan Qaboos University, has been operating since 1986. Among other popular institutions of higher education are Ibra College of Technology, Higher College of Technology, Dhofar University, Muscat University, German University of Technology, and others.

Economic Attractiveness

In 2020, the government of the Sultanate approved the Oman Vision 2040 development strategy. It is a complex of measures aimed at ensuring the economic, social, and environmental well-being of Oman and its citizens for the next 20 years.

As part of the program, the government intends to reduce the dependence of the economy on oil and gas, expand export markets, attract new investments, create new infrastructure, and develop technological industries, including attracting foreign talent.

The program includes a number of measures aimed at reducing the adverse impact on the environment, such as improving water and air quality, increasing the share of renewable energy sources, as well as protecting local ecosystems and biodiversity in the region.

A decision was made to attract residents. Since 2021, foreigners are allowed to buy property in full ownership on the territory of the Sultanate. Currently, projects in the ITC - Integrated Tourism Complexes are available for purchase. ITCs are zoned areas that allow foreign citizens to buy property with full ownership rights. The Sultanate of Oman has four such complexes. Among the most interesting are Yiti near Muscat and resort projects around the city of Salalah. Each of the ITCs is a huge area, covering millions of square meters. The territory has everything you need: general infrastructure in the form of hotels, shops, bars, restaurants, yacht moorings, golf clubs, and even water parks.

Under the Resident Attraction Program, it is possible to move to Oman with your family, work, open a bank account, apply for guest visas for relatives, and more. You can also purchase real estate for future rental, which will be in demand among tourists and professionals coming for contracts. You can be sure that your property will not lose its value in the future. The current economic situation and stable exchange rate of the local currency - the Omani rial - ensures investment protection.

To obtain a residency permit in Oman for yourself and your family members, you must purchase ready-made property. If the investment amount in real estate is OMR 250,000 (AED 2.4 million USD 650,000) or more, the owners receive permission for five years. If the cost of the residence exceeds OMR 500,000 (AED 4.7 million USD 1.3 million), a residency permit is issued for ten years.

The most interesting investment option is the second-largest city in the country, Salalah. This resort is popular among tourists all year round. Thanks to the mild climate and comfortable temperature, the region attracts guests: hotels and apartments are almost 100% occupied from May to September. European guests prefer to rest at the resort from October to April. During this period, hotel occupancy is at 70%. Residences in the resort mega-community are also in demand. Investors can profitably rent out their real estate to short-term tenants.

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Real Estate for Sale in Oman

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from $ 479 000

Rosso Bay Residences

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Rosso Bay Residences is a fresh announcement of a resort complex in the actively developing elite cluster on Al Marjan Island in Ras Al Khaimah by developer Aldar Properties.

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from $ 327 000

MoonStone

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MoonStone is a new branded complex by OCTA/Durar F5 at Al Marjan Island, Ras Al Khaimah.

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from $ 205 000

Southbay, Bay Residences

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Southbay is a new addition to the Bay Residences residential community by RAK Properties in the Mina Al Arab area, on the artificial island of Hayat Island in Ras Al Khaimah.

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from $ 749 000

JW Marriott Residences Al Marjan Island

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JW Marriott Residences Al Marjan Island is a luxurious residential complex that will be the closest project to the highly anticipated resort center, Wynn Resorts Al Marjan Island.

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from $ 4 250 000

The Ritz-Carlton Residences Ras Al Khaimah

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The Ritz-Carlton Residences Ras Al Khaimah, Al Wadi Desert is an exceptional resort cluster being built in the heart of the mainland part of Ras Al Khaimah, in Al Wadi Desert.

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from $ 645 000

Nikki Beach Residences

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Nikki Beach Residences is a new luxurious resort complex being built in a fresh elite cluster on Al Marjan Island in Ras Al Khaimah.

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Entertainment

Oman is an amazing country in the Middle East, known for its rich cultural heritage and stunning landscapes. The main attractions of the Sultanate include:

Muscat City

The capital of Oman and the largest populated place in the country. Here you can visit the Al Alam Palace, the Sultan Qaboos Grand Mosque and the Al Jalali Fort, which was built in the 16th century.

Jebel Akhdar Mountain

A mountain plateau more than 3,000 meters high, located in the north of Oman. Here you can enjoy stunning views of the surrounding mountains and valleys.

Nakhal Fort

A fortress built in the 17th century and located in the Nakhal Oasis. Here you can admire the beautiful views of the surrounding mountains and learn about Oman's rich history.

Masirah Island

Located in the Indian Ocean, 15 km off the coast of Oman. The island is considered a popular spot for diving and snorkeling due to its rich underwater world.

Al Hoota Cave

A system of caves located in the Al Hajar Mountains in the north of Oman. Here you can see unusual stalactites, stalagmites, and crystalline formations.

Wahiba Sands Desert

A vast desert located in the center of Oman. Here you can ride camels, catch a golden sunset and try Omani dishes cooked on an open fire.

Ras Al Jinz Turtle Reserve

A park located three hours drive from Muscat on the coast of the Arabian Sea. Here you can see thousands of turtles laying eggs in the sand on the shore. It is possible to stay for a few days at the Hotel Ras Al Jinz Turtle Reserve.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

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36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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