Apartments for sale in residential complex in Oman

Apartments in residential complexes in Oman

The Omani property market is thriving, driven by government initiatives and efforts to diversify the economy. New, modern projects are being actively developed, making the market increasingly attractive to investors and buyers. A significant rise in prices has been observed in several regions, partly due to the development of digital platforms for property transactions, which enhance transparency and stability in the sector.

The off-plan complexes offer a variety of flat types, including:

• Studios: Modern, functional, compact and contemporary residential units available in the resort complexes along the Persian Gulf. These units are a convenient investment option for renting out, with an area typically ranging from 38 to 55 square metres;
• Apartments with 1–4 bedrooms: These flats range in size from 50 to 200 square metres, offering ample space and making them ideal for couples and families;
• Luxury properties: Luxury penthouses and premises occupy a distinct niche in the Omani property market, offering unparalleled views and premium levels of comfort.

The most popular cities for buying and renting flats in off-plan projects include:

1. Muscat: The capital and largest city, home to many new housing projects, including resort properties along the Gulf of Oman;
2. Suhar: Known for its industrial zones and growing demand for residential property;
3. Salalah: Renowned for its unique climate and tourist appeal.

All of these cities offer a range of housing options, from modern studios to luxury properties.

Investments in apartments by developers in Oman

Property in Oman is in high demand among international investors due to the country's dynamic economic development. The state is investing heavily in its infrastructure, including transport networks, healthcare and education. The cities feature modern motorways, ports and airports, facilitating both domestic and international travel.

Some key reasons for investing in Omani new buildings include:

1. Stable economy: The country is renowned for its rich natural resources and well-established oil and gas sector;
2. Dynamic market: The country's property market is characterised by steady demand from both locals and foreigners, driven by the entry of Omani developers into the international arena;
3. Positive outlook: The property market is experiencing steady growth, with the residential sector expected to rise from USD 4.38 billion in 2024 to USD 6.80 billion by 2029. The annual growth rate is projected at 3.70%;
4. Tourism attractiveness: Oman attracts more affluent travellers every year, which boosts the demand for rental properties and positively impacts the return on investment;
5. No capital gains tax for individuals: Oman does not impose a capital gains tax on the sale of personal property, making it an appealing destination for property investors;
6. No tax on personal income: The absence of personal tax significantly increases net returns on property investments;
7. Financial benefits of investing in new-build properties: Flats in new projects in Oman are typically more affordable than those in completed projects, offering investors greater potential for rental income or resale profits;
8. Residence permit opportunities: Foreigners can purchase new apartments in Oman and qualify for a golden visa for five or ten years, allowing them to live in the country legally.

Buy an apartment in Oman in a residential complex

Explore our catalogue of apartments in Oman from trusted developers and reputable agencies. The listings feature high-demand properties that make excellent investments for generating income. For larger investments and residence permits, we also recommend exploring our curated selection of villas in Oman.