Non-Omani citizens were allowed to own freehold properties in integrated tourism complexes (ITCs) and some designated areas. These areas were specifically developed to attract foreign investment and tourism.
What is an ITC?
RESIDENCY AND VISA
Buying a property in Oman allows Non-Omani citizens and direct family (wife, children and parents) to obtain a residency in Oman. As soon as the property is registered in Ministry of Housing and the title deed is issued, a residency will be granted with a visa for 2 years (renewable)
Why to Invest in Oman?
Economic Stability: Oman has a relatively stable economy compared to some other countries in the region. The government has taken steps to diversify the economy, reducing its dependence on oil revenue. This diversification can create opportunities for growth in various sectors, including real estate.
Infrastructure Development: Oman has been investing in infrastructure development, including transportation, utilities, and tourism-related projects. This can increase the overall attractiveness of the country and potentially lead to higher property values in certain areas.
Tourism Potential: Oman is known for its natural beauty, historical sites, and cultural heritage. The government is actively promoting tourism, which can drive demand for short-term and long-term rental properties, especially in popular tourist destinations.
Expatriate Population: Oman has a significant expatriate population, including a sizable workforce in industries like oil and gas, construction, and tourism. Expatriates often seek rental properties, creating a stable rental market.
Foreign Ownership Regulations: Oman has relatively liberal regulations regarding foreign ownership of property, making it easier for non-Omanis to invest in real estate.
Tax Benefits: Oman has no personal income tax, which can be an advantage for property investors who generate rental income.
Interested in Any of the Properties?
Projects
Skyline Duqm
Duqm Welcome to “Skyline Duqm” which is a 600,000 sqm of Beachfront master development on the Arabian Sea in Duqm Free Zone, Oman. Created by world-renowned architect Mr. Sanjay Puri, Development includes a Shopping Complex, 5 Star Hotel, a Commercial complex, Marina, School, and City center has been planned with more than 70% of the properties having a sea view.
Interested in Any of the Properties?
Maysan Square
Maysan Square is comprised of 20 buildings constructed across 5 phases within Oman’s first Lifestyle Business District. It is located within the Special Economic Zone of Duqm. Maysan Square includes an office complex, residential apartments, a business hotel, entertainment venues and many other facilities that will be constructed in stages according to the growing demand in the Special Economic Zone of Duqm.
In line with this, 50% of the 100,000sqm plot will be public urban space that will have retail frontage and green boulevard. connected via multiple pedestrian boulevards. This will facilitate the easy access and the seamless outdoor-to-indoor flow of pedestrians. Maysan Square aims to promote the fluid interaction of the business community through its open space architecture and multi-functional areas for day and night use.
Beyond the workspace, Maysan Square will satisfy the lifestyle needs of its people with a range of additional facilities including various retail options, food and beverage choices, as well as entertainment and service amenities which aim to help to boost productivity and workplace wellbeing.
With its East-West and North-South shipping lanes crisscrossing the Arabian Sea and Indian Ocean, Duqm provides easy access to all shipping lanes in Asia and Africa.
Within Duqm, Maysan Square is strategically situated between two main highways to ensure convenient access and to allow for effective traffic management around the site. Other notable landmarks located nearby include the prestigious port of the future – the Port of Duqm, Duqm Refinery, 5-star Hotel properties and miles of beautiful pristine beaches, making Duqm an all-round attractive destination to visit, work, live and invest.
Maysan Square is part of an Integrated Tourism Complex Project (ITC) that offers Residency visas to all its buyers. Since Maysan Square is located inside Duqm’s Special Economic Zone, it is investor friendly with various additional benefits such as generous Tax exemptions, etc.
Interested in Any of the Properties?
Residences 1
The Residences 1 is set to be the next phase of Maysan Square, Duqm’s first ever business district.Offering the comforts of owning a private home combined with the amenities and the kind of lifestyle provided in a work-life balanced ecosystem which is embodied in Maysan Square.
Residences 1 is having 102 units starting from the ground floor to the fifth floor which includes various types of apartment layouts ranging from:
Spacious Studio Apartments
One Bedroom Apartments
Two Bedroom Apartments
All of the apartment units are well zoned with topmost exposure to natural light overlooking the natural scenic encircling the building. Access will be exclusive to its residents, ensured by top-notch technology that facilitates entry to the residential facilities as much as it impedes it for outsiders.
Residences 1 is within 5 minutes of walking distance from the offices, cafes, grocery shops and other commercial establishments which are located and designed to satisfy all of Maysan Square user’s needs, whether the user is a single person, a couple, or for a family.
Interested in Any of the Properties?