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.
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Projects
Rose Village
ROSE VILLAGE consists of 39 luxuriously-finished FREEHOLD Townhouses. Overlooking the prestigious Muscat Hills Golf Course and Madinat Al Irfan. Rose Village offers world-class luxury lifestyle with breath-taking views.
Rose Village is a welcome addition to Oman’s Real Estate Freehold Market that’s available to Omanis and non-Omanis and includes Residency visas for you and your family.
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Boulevard Tower Muscat Hills
Combines luxury homes and world-class facilities to create that ideal haven for individuals, couples and families alike.
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The Pearl Muscat – Muscat Hills
A promising project with eight storeys commercial and residential building to inspire the contemporary lifestyle of Sultanate of Oman. Located adjacent to the Muscat Hills Residential development. Idea behind “The Pearl Muscat” is to satisfy the continued demand for Class A residential units in Sultanate of Oman. The project is promoted by Al Osool Properties, the development and ventures arm of MJS Group of Companies. The Pearl Muscat has two basement, ground plus six floors and a penthouse floor.
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The Pavilion, Muscat
Where the modern life & the richness of knowledge & culture are still above its mountains, plains, and quiet coasts with enchanting beauty, and the warmth of embracing the promising future investment under the wise leadership. Oman embraces safe investments
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Golf Tower
The Golf Tower is an upscale 200-unit apartment complex located on the Boulevard by Muscat Hills – Oman’s premium outdoor pedestrian only space. On one side, the tower faces the luscious fairways of Muscat Hills Golf and Country Club. On the other side, the tower faces the shops and restaurants of the Boulevard strip. The Golf Tower features single, double, and triple bedroom suites. In addition, an entire floor of the complex is dedicated to twelve super-luxurious penthouses with surfaces ranging from 210 to 330 square meters, four bedrooms and large and panoramic terraces with jacuzzi. All units boast European fit-outs including Scavolini kitchens, Franke appliances, Manital handles as well as Atlas Concorde flooring. The Golf Tower also offers free access to a communal swimming pool, a fully equipped gymnasium, basement parking for two cars as well as a selection of high-end retail shops located on the ground floor of the complex.
The Golf Tower was completed and handed over in the last quarter of 2018. The ownership of the development is open to Omani citizens, GCC nationals and expatriates of different nationalities. Ownership also entitles residency for non-Omani buyers and their immediate family members. The Golf Tower is a development by Oman based Muscat Hills International Development with Malik Developments being an equity and development partner.
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LA VIE RESIDENCES
Brought to you by ORIS
We bring a Blast of Zest & Style to Muscat
At the heart of a fully-reimagined championship 10-hole golf course, with lush views and nature all around, making it a truly enjoyable and exciting destination.
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Muscat Hills Bazar – Boulevard District, Madinat Al Irfan
Developed by Exclusive Agency
Designed by Develop Design & Co
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