FAQ
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Frequently Asked Questions
Yes, foreigners can purchase property in designated areas known as Integrated Tourism Complexes (ITCs), where full freehold ownership is allowed.
Yes, purchasing a property in an ITC can qualify the buyer and their immediate family for residency, especially if the property value meets the required threshold (e.g., OMR 250,000 for a 10-year visa).
Currently, full ownership for foreigners is limited to ITCs. However, usufruct rights are available in certain areas, allowing long-term use (e.g., 99 years) without full ownership.
Usufruct is a legal arrangement allowing a person to use a property for a specific period (usually 50 to 99 years) without owning it. It can be inherited and is recognized under Omani law.
The process includes selecting a property, signing a purchase agreement, paying a deposit, registering the property with the Ministry of Housing and Urban Planning, and paying a registration fee (typically 3–5% of the property’s value).
Foreigners may find it challenging to secure local financing unless they have resident status. Most foreign buyers opt to pay in cash or use financing from international sources.
No, there is no annual property tax in Oman. Additionally, rental income and capital gains from real estate are not subject to income tax.
Prices vary by location and property type. Beachfront apartments may start from around USD 150,000, while luxury villas can exceed USD 300,000.
While not mandatory, it is strongly recommended to hire a local lawyer to ensure all contracts and legal requirements are properly handled.
Yes, thanks to political stability, no property tax, a growing real estate market, and the possibility of residency, Oman is considered an attractive destination for property investment.