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Tibiaan Properties
Hilal PropertiesGlobal Properties helps foreigners select and purchase a villa in Oman quickly and efficiently. It offers a wide range of listings from verified agencies and developers, complete with detailed descriptions, photos and prices. To find a housing unit that suits your preferences and budget, use the user-friendly search system with filters.
After selecting suitable options based on your desired price, area, number of rooms, construction stage and location, sort the search results. Listings can be ranked by ascending or descending price, novelty, size and other criteria. Carefully review the information about your chosen villa and contact the seller to discuss a potential deal. The contact details can be found directly in the listing.
- Minimum villa prices in Oman: 187296 $
- Maximum price: USD 2.05 million
- Minimum area of a house in Oman: m²
- Maximum area: 933 m²
Purchasing houses or apartments in Oman allows foreigners to apply for resident status. The property must be part of a government-approved complex to qualify for the programme.
In addition to the main applicant, the programme can include the spouse (up to four wives if the main applicant is a man), unmarried sons up to 25 years old, unmarried daughters of any age, divorced daughters under guardianship, children with disabilities, dependent parents and siblings under 25 years old. It also allows for up to four domestic workers and two private drivers.
House prices in Oman determine the duration of the residency permit:
- From USD 650,000: 5 years
- From USD 1.3 million: 10 years
After the permit expires, it can be renewed if the investment is maintained. Residents are allowed to stay outside the sultanate for up to 364 days per year. They are also permitted to sponsor up to four temporary state guests and their immediate relatives.
Houses for sale in Oman
There’s a high demand for villas in Oman for investment, living and leisure due to several factors:
- Strategic Location: The sultanate’s location makes it a gateway to the Arabian Peninsula markets, facilitating trade and providing access to a broad consumer sector;
- Political Stability: Combined with a strong legal framework protecting buyers' interests, this creates a safe environment for real estate investments;
- Economic Diversification Initiatives: Efforts such as Vision 2040 are driving development across various sectors beyond oil and gas, thereby reducing market vulnerability;
- Rich Cultural Heritage and Natural Beauty: This fosters a thriving tourism industry.
Muscat is one of the most popular areas to buy a villa in Oman. The capital attracts investors with its well-developed infrastructure, beautiful beaches and iconic landmarks, including the Sultan Qaboos Grand Mosque and the Royal Opera House. Homes in Salalah, Sohar and Nizwa are also highly sought after.
Reasons for investing in a house in Oman
The market for property in Oman has gained popularity among foreign investors since the country gained independence from Britain in 1970. Key advantages of buying local houses include:
- Affordable Costs: Average prices of villas for sale in Oman are relatively low compared to neighbouring countries, allowing investors to achieve higher returns and a quicker payback due to the rapidly developing market. In Q4 2023, the overall housing price index increased by 0.7% compared to Q3 and the number of transactions rose by 39%. Experts believe that prices for an average house for sale in Oman will continue to rise;
- Rental Income: The growing tourism industry and the influx of expatriates ensure high demand for rental properties. Travellers often rent sea-view villas with easy access to attractions for short-term stays, while expats prefer homes near key infrastructure such as schools, hospitals and shops for long-term rentals. The average annual rental income in the state ranges from 6.78% to 7.15%;
- Convenient Transport System: Located in the Middle East, the area is easily accessible by air. Many airlines offer direct flights to Muscat International Airport, just 20 minutes from the city centre. Transfers from the airport are available 24/7 and numerous bus routes connect various cities and districts within the country;
- High Quality of Life: The country boasts a higher standard of living compared to many neighbouring countries. It has schools providing education in English and top-notch universities offering courses in engineering, medicine, law and accounting. Hospitals with qualified staff deliver excellent medical care to all visitors, including expats;
- Tax Benefits: When investing in houses in Oman, the government automatically deducts 10% of the total property cost from the investor's taxes. This deduction applies whether the investor resides in the sultanate or abroad. Additionally, there is no personal income tax, including no tax on rental income or capital gains tax from resale.
Buying houses in Oman
Global Properties is a constantly updated aggregator with an extensive database of residential properties, commercial premises and land plots. The website features advanced tools to streamline and expedite property selection, including sophisticated filters, a sorting function, an interactive map and a currency converter. Start your search for the perfect villa for sale in Oman today!