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01

We help international investors buy and invest in Oman property.

Oman offers a prime opportunity for international investors seeking high returns in a dynamic real estate market, with its breathtaking landscapes, from the rugged Al Hajar Mountains to the pristine beaches of the Arabian Sea. In 2024, the real estate sector saw a 28% year-on-year transaction value increase to OMR 3.1 billion (USD 8.05 billion), driven by investor-friendly policies like 100% foreign ownership in Integrated Tourism Complexes (ITCs) and a tourism boom attracting 4 million visitors annually. Our expertise guides investors through Oman’s property market, leveraging its natural allure, stable economy, and projected 10–12% annual property value growth in key areas like Muscat and Salalah to maximize the potential of Oman property investment.

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Why property investors choose Oman

Learn why property investors favour investing in buy-to-let, newbuild and off-plan property in Oman.

Strategic Location

Oman, on the southeastern coast of the Arabian Peninsula, is a key gateway between Asia, Africa, and the Middle East. Its capital, Muscat, just 75 minutes from Dubai, is vital for regional trade, with Oman’s strategic shipping routes supporting economic growth and international collaboration.

GDP Growth

As of 2023, Oman's GDP was approximately $90 billion, with a growth rate of around 3.5%. The diversification strategy, Vision 2040, aims to reduce oil dependency and increase the contribution of non-oil sectors to the GDP.

Investment Climate

The government has been actively encouraging foreign investment through various incentives and relaxed regulations. The establishment of free zones and special economic zones, such as Duqm, provides attractive opportunities for investors.

Source: Statista

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04

Region Key Facts and Fixtures

Understanding the market

Oman Property Investment

Prime Property Prices

The real estate sector in Oman has seen a steady increase in transactions, with over 60,000 deals recorded in 2023. The introduction of new regulations allowing 100% foreign ownership in certain areas has boosted investor confidence.

Oman Property Investment

Rental Yields

Prime areas in Oman offer rental yields of around 6-8%. There is a growing emphasis on sustainable real estate development, with new projects incorporating green building practices and energy-efficient designs.

Oman Property Investment

Luxury Market

Oman's luxury real estate market has shown steady growth, driven by government reforms and high demand for premium properties in key locations like Muscat. Developments such as AIDA and Al Mouj are attracting affluent buyers with world-class amenities and freehold ownership opportunities for foreigners.

Source: EuroWeekly, Just, Airbtics, Pinnacle, future hubs

05

The benefits of investing in Oman property

Tax Benefits

Oman’s tax regime is a major draw for property investors seeking to maximise returns. The country imposes no personal income tax or capital gains tax on real estate transactions, allowing investors to retain 100% of their rental income and resale profits. Additionally, a 0% import and export duty policy reduces costs for international investors, making Oman property investment highly cost-effective. In 2024, the absence of these taxes contributed to Oman’s real estate market reaching a transaction value of OMR 3.1 billion (USD 8.05 billion), a 28% year-on-year increase, highlighting the financial appeal of investing in Oman’s property sector.

Foreign Ownership

Oman has opened its real estate market to international investors through progressive ownership laws. Since the introduction of the Foreign Capital Investment Law in 2020, foreigners can own 100% of properties in designated Integrated Tourism Complexes (ITCs) like Al Mouj, Muscat Bay, and Jebel Sifah without requiring a local partner. These upscale developments, backed by Oman’s Vision 2040, have driven a 17.6% increase in foreign direct investment (FDI) to USD 69.3 billion by Q3 2024, with real estate as a key sector. This flexibility makes Oman property investment an attractive option for global buyers seeking full control and high-value opportunities.

Banking

Oman’s investor-friendly banking system simplifies financial transactions for property investors. Foreign businesspeople can open local bank accounts with a residence visa or commercial registration, facing no restrictions on capital movements. Banks like Bank Muscat and National Bank of Oman offer competitive mortgage rates ranging from 3% to 7% for 20-year terms, with loan-to-value ratios up to 70%. The Omani rial, pegged at OMR 0.3849 to USD 1, ensures currency stability, facilitating seamless transactions for Oman property investments. In 2023, the banking sector’s strong liquidity and 4.6% private sector credit growth further supported real estate financing.

Residency

Investing in Oman’s real estate market offers a pathway to long-term residency, enhancing its appeal for lifestyle and financial goals. A minimum investment of OMR 250,000 (approximately USD 650,000) in ITC properties grants a five-year renewable residency visa, while OMR 500,000 (USD 1.3 million) secures a 10-year visa. Launched in 2021, the Oman Golden Visa Program has attracted investors, with 62,800 new residential units planned by 2030 to meet rising demand. This residency perk, combined with Oman’s high quality of life (rated 209/240 by Numbeo), makes Oman property investment a dual-purpose opportunity for wealth and residency.

Infrastructure Development

Oman’s ambitious infrastructure projects, driven by Vision 2040, significantly boost property values and investor confidence. Developments like the Duqm Refinery (USD 10 billion) and the world’s largest green hydrogen plant (USD 6.7 billion) in Duqm, alongside Muscat International Airport expansions, enhance connectivity and economic growth. In 2024, real estate in ITCs like Al Mouj and AIDA saw annual property value appreciation of 10–12%, driven by these projects. These advancements position Oman property investment as a strategic choice for long-term capital growth in a rapidly modernizing nation.

Youthful Demographics

Oman’s youthful population drives robust demand for real estate, ensuring strong rental yields and market stability. With a median age of approximately 26 years and over 50% of the population under 30, the country’s 5.3 million residents, including 2.3 million expatriates, fuel housing needs. By 2030, Oman’s population is projected to reach 5.5 million, further increasing demand for residential and commercial properties. In 2024, gross rental yields in Oman ranged from 5.6% to 8.3%, particularly in Muscat and Salalah, making Oman property investment a reliable choice for income-focused investors.

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Sources: Y Chart, Euronews, Internations, Homelike, Celis, EuroNews

06

Whats driving value in Oman buy-to-let property?

Learn why property investors favour investing in buy-to-let, newbuild and off-plan property in Oman.

Visitor Numbers (Tourism)

Oman’s thriving tourism sector significantly boosts the value of property investments. In 2023, the country welcomed over 4 million international visitors, a 38% increase from 2022, with projections to surpass this in 2025 as new promotional campaigns target markets like Europe and East Asia. This surge in tourism, particularly in Muscat and Salalah, drives demand for residential and hospitality properties, making Oman property investment a compelling opportunity for high rental yields and capital growth.

UNESCO World Heritage Sites

Oman’s rich cultural heritage, exemplified by its five UNESCO World Heritage Sites, enhances its appeal as a global tourism destination, elevating property values. Iconic sites like Bahla Fort, the Aflaj Irrigation Systems, and the Land of Frankincense attract culture-focused travelers, with visitor numbers to these sites contributing to a 17.6% rise in foreign direct investment (FDI) to USD 69.3 billion by Q3 2024. These landmarks make Oman property investment particularly attractive in areas near cultural hubs like Muscat and Dhofar.

Tourism GDP Contribution Goal (2040)

Oman’s Vision 2040 aims to increase tourism’s contribution to GDP to 5.9% by 2030 and 10% by 2040, up from 2.8% in 2023, driven by USD 31 billion in planned tourism investments by 2040. This ambitious strategy, including 363 tourism projects worth OMR 2.29 billion by 2025, fuels demand for real estate in Integrated Tourism Complexes (ITCs) and urban centers, positioning Oman property investment for substantial long-term returns.

International Flight Destinations

Oman’s expanding connectivity strengthens its real estate market by attracting global investors and tourists. With over 60 direct flight destinations in 2024, including new routes to Europe, Asia, and the GCC via Muscat International Airport, and plans for further expansion in 2025, accessibility is driving property demand in key cities. This enhanced connectivity, coupled with a 69% rise in international visitor spending to OMR 1.1 billion in 2023, underscores the potential for Oman property investment.

Sources: Reuters, Iberia Living, Andalucía, The A Position, Sevilla, ScienceDirect, Etias, PwC

Oman
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Property Investment opportunities in Muscat

Muscat, the capital of Oman, is a city of unparalleled charm and opportunity. Known for its rich cultural heritage, stunning coastline, and modern developments, Muscat is fast emerging as a prime destination for property investment. With a strategic location, growing economy, and investor-friendly policies, Muscat offers a wealth of opportunities for those seeking to invest in luxury real estate, whether for lifestyle or financial returns.

Why Muscat is a Prime Investment Destination

1. Strategic Location on the Arabian Peninsula

Muscat’s location along the Arabian Sea makes it a hub for trade, tourism, and connectivity. Its close proximity to key global markets in Asia, Africa, and Europe enhances its appeal for international investors.

  • Port Sultan Qaboos: A major seaport set to become a tourism and waterfront destination under redevelopment plans.
  • Muscat International Airport: Modernized to handle increasing traffic, connecting Muscat to major global cities.

2. Thriving Real Estate Market

Muscat’s real estate market is fueled by its unique mix of modern developments and natural beauty.

  • Luxury Villas: Properties in Integrated Tourism Complexes (ITCs) like The Wave (Al Mouj) and AIDA offer exclusive waterfront living.
  • Modern Apartments: High-rise apartments in areas like Madinat Al Irfan cater to professionals and expats seeking urban convenience.

3. Investor-Friendly Policies

Oman has introduced several reforms to attract foreign investment, including:

  • Freehold Ownership for Foreigners: Investors can own property in designated ITCs, with full ownership rights.
  • Residency Through Investment: Property purchases above a certain value qualify for long-term residency, adding to Muscat’s appeal.
  • Flexible Payment Plans: Developers like DarGlobal offer attractive installment options for off-plan and new-build properties.

Key Investment Areas in Muscat

AIDA Development

Perched on a cliff overlooking the Arabian Sea, AIDA is one of Oman’s most prestigious developments.

  • Villas and Townhouses: Designed for luxury and privacy, these properties feature modern architecture and breathtaking sea views.
  • Trump International Golf Club: An exclusive 18-hole golf course at the heart of AIDA, adding significant value to the development.

The Wave (Al Mouj)

A premier waterfront community offering a blend of residential, commercial, and recreational facilities.

  • Luxury Villas and Apartments: Enjoy direct marina access, private beaches, and high-end retail outlets.
  • Golf and Marina: A championship golf course and a vibrant marina make this a lifestyle destination.

Madinat Al Irfan

Muscat’s future city, designed as a smart urban hub with mixed-use developments.

  • Modern Apartments: Ideal for professionals, with proximity to the Oman Convention and Exhibition Centre.
  • Commercial Spaces: Opportunities for investors in office spaces and retail outlets.

Qurum Area

Known for its upscale residential neighborhoods and natural beauty, Qurum is a favorite among families and expatriates.

  • Elegant Villas: Spacious homes close to parks and international schools.
  • Qurum Beach: Properties with easy access to the city’s iconic coastline.

Lifestyle and Amenities in Muscat

Muscat offers a high quality of life, blending traditional Omani hospitality with modern conveniences.

  • World-Class Education: International schools like The American International School of Muscat (TAISM) and British School Muscat cater to expat families.
  • Healthcare Excellence: Facilities such as Muscat Private Hospital and Sultan Qaboos University Hospital provide top-tier medical services.
  • Luxury Shopping and Dining: Explore high-end shopping at Oman Avenues Mall and fine dining at restaurants offering global cuisines along Shatti Al Qurum.
  • Outdoor Adventures: From diving in the Arabian Sea to hiking in the Al Hajar Mountains, Muscat is a haven for nature enthusiasts.

Future Prospects: Muscat’s Growth Trajectory

Muscat is undergoing a transformation, with key developments poised to elevate its status as a global city:

  • Port Sultan Qaboos Redevelopment: This iconic port is being transformed into a waterfront lifestyle destination featuring luxury residences, retail spaces, and leisure facilities.
  • Eco-Tourism Initiatives: Projects like Wadi Bani Khalid Residences integrate sustainability into luxury living.
  • Enhanced Connectivity: Plans to expand Muscat’s road networks and improve public transportation are set to boost property values.

Why Invest in Muscat?

  1. Stable Economy: Oman’s stable political and economic environment ensures a secure investment climate.
  2. Affordable Luxury: Compared to other GCC capitals, Muscat offers high-quality properties at competitive prices.
  3. Rich Culture and Natural Beauty: The city’s unique blend of modernity, tradition, and stunning landscapes attracts residents and tourists alike.

Learn more

Oman
09

Property Investment opportunities in Salalah

Salalah, the jewel of southern Oman, is renowned for its breathtaking natural beauty, rich cultural heritage, and unique climate. Known as the "Land of Frankincense," Salalah offers a distinctive lifestyle that blends tradition with modernity. As a rising star in Oman’s real estate market, Salalah is attracting investors looking for lucrative opportunities in off-plan and new-build properties.

Why Salalah is a Prime Investment Destination

1. Year-Round Tourism Appeal

Salalah’s tropical monsoon season, known as the Khareef, transforms the region into a lush green paradise, attracting tourists from across the GCC and beyond.

  • Dhofar Beaches: Miles of pristine coastline draw visitors year-round.
  • Al Baleed Archaeological Park: A UNESCO World Heritage Site that showcases Salalah’s historical significance.

Tourism growth drives demand for short-term rentals and investment in luxury residential properties.

2. Growing Real Estate Market

Salalah is rapidly emerging as a hotspot for luxury developments and high-quality properties.

  • Luxury Villas: Exclusive beachfront properties in areas like Hawana Salalah offer privacy, elegance, and strong rental potential.
  • Modern Apartments: Developments such as Forest Island Residences provide urban living options with stunning views of the natural surroundings.

3. Government Investment and Infrastructure

Oman’s government is heavily investing in Salalah’s infrastructure to enhance its appeal:

  • Salalah Airport Expansion: Improved connectivity to international markets.
  • Salalah Free Zone: An economic hub driving commercial growth and attracting expatriate professionals.
  • Road Networks: Upgraded highways connecting Salalah to other key Omani cities.

Key Investment Areas in Salalah

Hawana Salalah

A world-class Integrated Tourism Complex (ITC) offering a mix of residential, commercial, and recreational spaces.

  • Luxury Villas and Apartments: Waterfront properties with private beach access and state-of-the-art amenities.
  • Marina and Golf Course: High-end facilities that attract tourists and investors alike.

Forest Island Residences

An eco-luxury development set amidst lush landscapes, offering:

  • Modern Apartments: Sustainable designs with breathtaking views.
  • Exclusive Amenities: Walking trails, swimming pools, and fitness centers.

Dhofar Mountains Area

Ideal for investors seeking serene and unique properties:

  • Boutique Villas: Properties surrounded by lush greenery and offering proximity to Salalah’s famous waterfalls.
  • Retreat Homes: Designed for wellness tourism and eco-conscious living.

Lifestyle and Amenities in Salalah

Salalah offers a tranquil yet vibrant lifestyle, making it a desirable destination for investors and residents alike.

  • World-Class Healthcare: Facilities such as Starcare Hospital and Sultan Qaboos Hospital provide excellent medical services.
  • Education Options: International schools like Salalah International School cater to expatriate families.
  • Retail and Dining: Enjoy shopping at Salalah Gardens Mall and dining at waterfront restaurants offering fresh seafood and traditional Omani cuisine.
  • Outdoor Adventures: From exploring Wadi Darbat to diving along the Arabian Sea, Salalah is a haven for nature lovers.

Future Prospects: Salalah’s Growth Trajectory

Salalah is set to become a global tourism and investment destination with several ongoing projects:

  • Hawana Expansion: Additional residential and commercial units to meet increasing demand.
  • Eco-Tourism Development: Projects like Atana Hotels’ Residences focus on sustainable luxury.
  • Free Zone Growth: Salalah Free Zone’s expansion continues to attract businesses, driving housing demand for expatriates.

Why Invest in Salalah?

  1. Natural Beauty: Salalah’s unique climate and stunning landscapes create a lifestyle unlike anywhere else in the region.
  2. Affordable Luxury: Compared to Muscat, Salalah offers high-quality properties at competitive prices.
  3. Growing Demand: Tourism and business growth are driving demand for rental properties, creating strong ROI potential.

Learn more