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Hilal PropertiesGlobal 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 Muscat. Our goal is to simplify the search and purchase of property. Use our advanced filters and sorting options to quickly find the best flats and villas in Muscat. You can 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.
- Minimum among apartment prices in Muscat: USD 83242.
- Maximum price: USD 2 million.
- Minimum size of apartments in Muscat: 69.2 m²
- Maximum size: 1,100 m²
Foreigners can obtain residency status by purchasing an apartment in Muscat. The duration of the residency permit depends on the value of the property in Muscat:
- 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 Muscat
Purchasing an apartment in Oman's capital can be a rewarding investment, given the city's strategic location and robust infrastructure. The process typically involves engaging a reputable real estate agent, conducting thorough property inspections and ensuring all legal documents are in order. The city, known for its blend of traditional and modern architecture, offers a variety of residential options, from luxury units to more modest accommodations.
The city boasts a well-developed infrastructure, including excellent road networks, modern shopping malls, healthcare facilities and international schools, making it an attractive place to live. The presence of the International Airport and the Port Sultan Qaboos further enhances its connectivity, adding to its appeal for both residents and investors.
Real estate in the capital of Oman is characterised by its diverse offerings. The city provides a range of housing options to suit various preferences and needs, from waterfront properties in areas like Qurum and Shatti Al Qurum to more urban settings in Al Khuwair and Al Ghubrah. These areas are renowned for their vibrant communities and proximity to essential amenities.
Investing in flats in Muscat is particularly appealing due to the city's economic stability and growth prospects. The Omani government has actively promoted foreign investment in real estate, offering incentives and streamlined processes for expatriates. Additionally, the steady demand for rental properties ensures a good return on investment for property owners.
In summary, purchasing property in the city involves a straightforward process, supported by a robust infrastructure and a stable economic environment. The city's diverse real estate market and investment-friendly policies make it an ideal destination for both personal residence and investment purposes.
Reasons for investing in an apartment in Muscat
- High Rental Yields: Apartments in Muscat offer attractive rental yields, ranging from 5.6% to 8.3%, making them a lucrative choice for investors seeking reliable rental income;
- Growing Real Estate Market: The real estate market in Oman, including its capital city, has been experiencing steady growth. In 2023, real estate transactions in Oman surged to USD 6.7 billion, indicating a robust market;
- Economic Stability: Oman's stable economic environment, bolstered by its strategic location and diversified economy, offers a secure investment landscape. The government’s initiatives to attract foreign investment further enhance the market's appeal;
- Expatriate Demand: The growing expatriate population in the area drives demand for rental properties. This demographic shift ensures a consistent demand for flats, making them a sound investment;
- Off-Plan Opportunities: A significant number of off-plan units are available, offering investors the chance to purchase properties at lower prices before completion. This can lead to substantial capital appreciation once the projects are completed;
- Infrastructure Development: The city boasts excellent infrastructure, including modern healthcare facilities, international schools and shopping malls. The presence of the International Airport and Port Sultan Qaboos enhances connectivity, making the city an attractive place to live and invest;
- Favourable Investment Policies: The Omani government offers various incentives to foreign investors, including streamlined processes for property acquisition and ownership rights. These policies facilitate entry into the market for international investors;
- Market Cap and Growth: The residential real estate market in Oman is projected to reach USD 4.38 billion by 2024 and grow at a CAGR of 9.19%, reaching USD 6.80 billion by 2029. This growth trajectory highlights the potential for significant returns on investment.
In conclusion, investing in an apartment for sale in Muscat is attractive due to high rental yields, a growing real estate market and favourable economic and governmental conditions. These factors collectively make the area a compelling destination for real estate investment.
Buying apartments in Muscat
Purchasing an apartment in Oman's capital can be a seamless experience with Global Properties. This property aggregator simplifies the search process, enabling prospective buyers to browse a wide range of listings effortlessly. Whether you’re looking for a waterfront property or a modern urban unit, the platform offers detailed information and high-quality images, making it easier to find the perfect home.
The investment potential in this city is significant, with high rental yields and a growing real estate market. Global Properties not only offers options to buy flats in Muscat but also covers other regions in Oman, providing comprehensive choices for both investors and homebuyers. With user-friendly features and extensive property details, finding your ideal property has never been more straightforward.