Apartments and flats for sale in Oman

5 properties
$ 415 587
22150.52.8 km
$ 83 242
1269.2IV quarter, 20174.8 km2
$ 101 452
33116IV quarter, 20154.5 km
$ 220 787
11791.5 km
$ 220 777
22130IV quarter, 20184.4 km
FAQ
How to buy an apartment in Oman as a foreigner with Global Properties?

Global Properties is a real estate aggregator featuring a large number of listings with detailed descriptions, photos and up-to-date prices for apartments and flats in Oman. Our goal is to simplify the search and purchase of property. Use our advanced filters and sorting options to quickly find the best options. Contact the seller directly by phone or through private messages for more information and to discuss the deal. Contact details for agencies and developers are provided in the listings.

Сost of apartments in Oman?
  • Minimum among apartment prices in Oman: USD 83242
  • Maximum price: USD 2.4 million
Apartment sizes?
  • Minimum size of apartments in Oman: 69.2 m²
  • Maximum size: 775 m²
How to obtain a residence permit with apartments in Oman for investment?

Foreigners can obtain residency status by purchasing an apartment in Oman. The duration of the residency permit depends on the value of the property:

  • From USD 650,000: 5 years
  • From USD 1.3 million: 10 years

The property must be part of a complex approved by the Omani government.

Apartments for sale in Oman

The country is located in Southwest Asia. Foreigners make up about 40% of the population, maintaining a high demand for buying and renting local properties. However, since 2018, their numbers have been decreasing, with a nearly 15% drop recorded in 2020.

This trend is a result of government policies, including Sultan Haitham bin Tariq's "Omanization" initiative, which aims to reduce the number of expatriates and provide more jobs in the private sector for Omanis. Despite this, the high quality of life and luxury property in Oman remain highly attractive to foreign investors seeking capital growth and rental income.

Prices of flats in Oman vary based on factors such as size, number of rooms, furnishings and construction stage. The highest demand is for new projects with modern designs and well-developed internal infrastructure, including swimming pools, gyms, playgrounds, concierge services and 24-hour security. The location also significantly influences property prices. Foreign buyers often invest in apartments in the following cities:

  1. Muscat: The picturesque coastline, rich culture and modern infrastructure offer a high quality of life in the capital. Muscat is the country's business hub, providing numerous opportunities for employment and investment across various sectors;
  2. Salalah: Its natural beauty and growing tourism industry make Salalah the second-largest city, an attractive option for investors seeking apartments with stunning sea views or easy beach access. The most profitable properties are near public transport stops, the waterfront and promising new projects;
  3. Sohar: Strategically located on the northern coast, Sohar is experiencing rapid development in its industrial sector. Many investors focus on flats in areas with new transport networks or upcoming commercial projects, which positively impact property values;
  4. Nizwa: As the cultural centre of the Sultanate, Nizwa boasts a rich historical heritage, traditional bazaars and breathtaking mountain views. The city’s development as a tourist destination is increasing rental demand and driving up local apartment prices.

Reasons for investing in an apartment in Oman

Investing in an apartment for sale in Oman is attractive due to the following factors:

  1. Developing Market: In Q4 2023, the overall residential property price index increased by 0.7% compared to Q3 and the number of transactions rose by 3.9%. During this period, prices also grew by 1.9%. Housing prices are expected to continue rising, offering potential for long-term capital growth for owners;
  2. High Rental Yield: Oman is becoming increasingly popular as a destination for tourism and migration, boosting rental demand for local flats. Tourists seek short-term rentals near attractions, while expats and digital nomads prefer long-term rentals in areas with well-developed infrastructure. Average rental yields in these locations range from 6.78% to 7.15% annually, with returns in the capital reaching up to 8.1%.
  3. Stable Economy: A significant portion of the country's economy is centred on the oil sector, with fishing and trade activities developing in coastal regions. Oil accounts for 64% of all export revenues, 45% of government revenues and 50% of GDP. The cement industry also contributes to the country's economic growth by supporting urbanisation and infrastructure development. This creates favourable and secure conditions for real estate investments;
  4. Tax Benefits: The government is keen on attracting foreign investment in the real estate sector and regularly introduces various initiatives to this end. One such measure is the abolition of personal income tax. Income from rental or resale of homes and villas in Oman is not taxed for property owners.

Buying apartments in Oman

Global Properties features thousands of listings for residential and commercial properties worldwide. Updated daily, it automatically gathers data from reliable agencies and developers' websites. All information on the platform is manually verified, ensuring users have access to the most current listings. Start your search for Omani real estate, explore the functionality of our online platform and buy a flat in Oman today.