Oman
Sep 26th, 2024 / الخميس 22 رَبيع الأوّل 1446 Posted by MakeHijrah.com from Article Source

Yes, foreign nationals can purchase and own real estate in Oman, but there are specific guidelines and limitations. The most common option for foreign buyers is through Integrated Tourism Complexes (ITCs), along with certain commercial properties approved by the Ministry of Housing.

What Are Integrated Tourism Complexes (ITCs)?

ITCs are specially designated zones that allow foreigners to buy property on a freehold basis. This means the buyer has full ownership rights over the property. Some well-known ITC projects in Oman include:

- Al Mouj Muscat

- Shangri-La’s Barr Al Jissah Resort and Spa

- Muscat Hills

- Saraya Bandar Jissah

- Salalah Beach Resort

Foreigners can purchase and fully own land for residential or commercial use in these ITCs. Once land is acquired, buyers are required to build on the property within four years. However, extensions can be granted by the Ministry of Housing and Urban Planning if needed. If the land remains unused after the four-year period, the Ministry reserves the right to auction and sell it. This rule encourages timely development and enhances the value of ITCs over time.

Restrictions on Property Ownership for Foreigners

Foreign nationals are not allowed to purchase property in certain restricted areas, including:

- Musandam

- Buraimi

- Dhahirah

- Wusta Liwa

- Shinas Masirah

- Jabal Akhdar

- Jabal Shams

- Areas near military facilities

- Archaeological and historic sites

- Designated agricultural lands

These restrictions primarily focus on protecting Oman’s cultural heritage, strategic locations, and agricultural resources.

Conclusion

Foreigners looking to buy property in Oman can do so through ITCs and certain approved commercial areas. However, it is essential to be aware of the zoning regulations and restrictions in place to make informed decisions regarding property investments.