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Tibiaan Properties
Hilal PropertiesGlobal Properties has compiled more than 40 offers for foreigners looking to purchase property in Oman. The platform is designed to simplify the search and buying process by:
- Using a search engine with filters to specify price range, area, number of bedrooms, location and other features in order to find properties for sale in Oman that meet specific requirements.
- Sorting the results by low or high price, new property in Oman and other criteria.
- Choosing the houses or apartments in Oman you are interested in and getting in touch with the seller by phone or via private messages. All the necessary contacts of developers and real estate agencies can be found in the ads.
- Lowest cost of property in Oman: 83242 $
- Most expensive housing unit: USD 22.4 million
- Minimum size: 270 m²
- Largest property for sale in Oman: 10,000 m²
To obtain resident status, foreigners must buy real estate in Oman from a government-approved complex, with prices starting at USD 130,000 for a 2-year residence permit, USD 650,000 for a 5-year permit or USD 1.3 million for a 10-year visa.
Real estate in Muscat is in high demand. Muscat is the capital of Oman, boasting well-maintained beaches, unique attractions and developed infrastructure. Local developers are building residential and commercial properties to meet the increasing demand from foreigners.
Dhofar is a coastal region known for its natural beauty, rich culture and modern amenities, making it an excellent choice for living and working. Its administrative center, Salalah, is particularly popular. Tourists visit to escape the heat and explore attractions such as the ruins of the ancient city of Sumhuram, the incense museum and the Ain Razat spring.
The demand for apartments and villas in Oman is high. There are plenty of properties available in different districts, ranging from downtown areas to coastal regions. Many apartment complexes come with shared amenities such as a gym, swimming pool and recreational facilities for residents.
Private properties in Oman are sought after by families with children and individuals looking for a more secluded lifestyle. The key benefits of such housing include spacious rooms and a private house territory. Additionally, numerous townhouses in the city offer a convenient mix of private grounds and urban conveniences. Premium villas in Oman are equipped with features such as gardens, pools, libraries, gyms and spas.
Favourable property prices in Oman, stable market growth, low taxes and high rental demand are all major factors attracting real estate investors from around the world. Homebuyers can expect both capital gains and rental yield.
The tourist season in the country lasts all year, so local homeowners can look forward to a stable rental income. Large cities with high population density and numerous job opportunities are the best options for long-term rentals, while coastal areas and locations near popular attractions are perfect for short-term rentals.
Property in Oman
Please take note of the following information:
Oman is a highly sought-after location for real estate investments due to its stable economy, excellent security and quality of life. Additionally, it offers a warm climate, pristine beaches, well-established infrastructure and an abundance of outdoor activities.
The cost of real estate for sale in Oman varies based on factors such as location, size, number of bedrooms, quality of refurbishment, furnishings, construction stage and year of completion. The most expensive option is a new home with high-end finishes and furnishings in a major city or near the coast.
Foreigners can purchase residential and commercial properties in designated areas known as Integrated Tourism Complexes (ITC), where they have the option of acquiring freehold properties. Owning real estate within an ITC also provides the opportunity to obtain a residence visa for the owner and their family members.
Foreigners can acquire leasehold properties outside of ITC areas under long-term lease agreements.
The process of purchasing property in Oman involves signing a sales agreement, paying registration fees and obtaining approval from the Ministry of Housing. The registration fee is equivalent to 3% of the property's cost.
Reasons for investing in a property in Oman
The main reasons for investing in a property in Oman are:
- Favourable prices. Compared to other Gulf countries, the cost of housing here remains relatively affordable. This provides investors a higher return on investment.
- No personal income tax. There is no tax on private income in the country, including rental yield and capital gains on resale.
- Stable economy. A strong economic and political environment reduces risk and creates favourable conditions for long-term investment.
- High rental demand and profitability. Numerous beaches and sights of interest, such as the Al Hoota Cave, the Qaboos Mosque, the Bahla Fort and the Bait Al Zubair Museum, make the country a popular tourist destination. The average payback here is 6.78–7.15% per annum, while it reaches 8.1% in the capital.
- Vision 2040 plan. This programme is aimed at diversifying the economy and reducing the dependence on the oil sector. It encourages properties in Oman for investment, tourism and financial development by the government, creating additional opportunities for businessmen.
Buying real estate in Oman
Global Properties has thousands of offers to buy villas and apartments around the world. The catalogue is updated daily, so buyers get access only to up-to-date ads with reliable features, photos and prices of investment real estate in Oman. Start searching for your ideal overseas property today!