A:
When you register you will
get regular messages from
oman-properties.com
about investments, real
estate news and trends in
Oman, and if you are not
ready to buy now, you will
be among the first people to
learn about new listing
of the free hold properties.
Q: How much does it cost
to register? A: Nothing. Registration is
FREE.
Q: How do I go about
buying a property? A: The best starting point
is to
register with us.
Then you can access
the list of the current
available properties and you
will receive any new listing
by email. Once you decide
upon the property you want,
contact us an we will take
it from there.
Q:
Are there any charges
other than the price of the property?
A:
Yes. There is s a 3% transfer fee
charged by the Ministry of
Housing, and a further 3%
real estate fee.
Q:
Can a foreigner buy
property in Oman? A:
Yes, but only in certain
resorts designated as
"Integrated Tourist
Complexes such as The Wave,
and the
Blue city.
Q: Does a purchase of
property in Oman entitle a
foreigner to permanent
residency? A: A foreigner who purchases
a freehold property at an
Integrated Tourist Complex
in Oman is entitled to apply
for permanent residency status in the
country.
Q: What exactly is the
Wave project?
A: The Wave, Muscat is the
first major beachfront
project launched in Oman to
offer freehold status. It's
expected that foreign buyers
would qualify for permanent
residency.
Rising from the
beachfront, only a short
distance away from the
centre of Muscat, The Wave
promises an authentic
experience in Arabian style
- a community that’s a real
joy for its residents.
Everyone will be located but
a brief walk from the
magnificent natural beach, a
vibrant marina, 18 hole
signature golf course,
parks, shops, restaurants
and cafés. In addition,
being in the heart of
Muscat, the Wave affords you
easy reach to the best
schools, medical care, and
urban adventure that the
city has to offer.
Q: When is construction
of The Wave resort going to
begin? A: It's understood that
construction of Phase-1 of
The Wave will commence
during first quarter 2007.
Phase-2 development will
take place in 2008.
Q: Where is The Wave
resort located? A: It's on the beach,
stretching over six
kilometers from Azaiba to Al
Hail in Muscat.
Q: How do I go about
buying a house at The Wave? A: All 221 villas and
townhouses in Phase-1 of The
Wave project have been sold
out. If you wish to buy a
house within this phase
please check this website
for available properties
offered for resale by
original buyers. You may
also contact us with your
requirements.
Though most of Phase-2
properties have already been
allotted out (as of Jan
2007), there may still be
some properties that can be
purchased directly from The
Wave.
Q: What facilities are
offered with The Wave
properties? A: All properties at The
Wave will be fitted with
central air-conditioning, and
provided with gas/electric
hob, electric extractor
hood, electric oven,
fridge/freezer, dishwasher
and washing machine.
If a property description
indicates a private pool,
space is provided within the
house compound for this, but
the pool itself is an
optional extra. Once
building construction is
complete, The Wave will make
a deal with one major
company to build pools for
all interested house owners
at a competitive rate. Exact
cost will be advised later
by The Wave.
Q: If I want to
sell my property, how much do you charge
for your sales services. A: If we get you a
successful sales deal our
fees will be 3% of the
rental contract value. You
pay nothing if we do not get
you a client.
Q: Other than your fees,
are there any other charges
for selling my property? A: The Ministry of Housing
charges 3% of the contract
value for the transfer of
the title deed. Usually the
buyer will pay this fee
while the seller pays the
real estate fees. However,
as a seller you can specify
a "net" price for your
property, in which case all
fees will be borne by the
buyer if he/she agrees.
Q: Other than your fees,
are there any other charges
for renting my property? A: Yes. The Municipality
charges 3% of the contract
value to register tenancy
agreements.
