The Sultanate of Oman is a country with outstanding charm and heritage. Its capital city, Muscat, is today one of the most attractive and pleasant cities in the Middle East, where you can own a mountain-facing or by the sea luxury villa or apartment.
At a glance
Buyer interest has been historically focused on apartments and villas or townhouses in the majors integrated tourism complexes (ITC) in Muscat, which have led the domestic housing market, both in terms of overall growth and price trends.
These ITC developments have continuously attracted owners and tenants, with low vacancies and high rents, due to their superior design, amenities and facilities, with expatriate owners automatically obtaining residency rights for themselves and their relatives.
With the expatriates making up nearly 40 per cent of Omani population and accounting for a large portion of the residential demand, the Omani government new ownership scheme, that allows foreigners to own properties also outside ITCs, is expected to attract further capital investments.
“The strong and positive momentum is expected to continue in the real estate sector.”Nicola ZocchedduOman specialist