Invest In Oman Freehold Properties 

Welcome to freehold Oman.

The Sultanate of Oman is becoming a centre for business and tourism. Projects such as the Blue City. the Wave, Sohar aluminum and many others has led to the increased development of both commercial and residential properties. 

The real estate business in Oman has shown a significant increase in the last few years and it is expected to continue to increase for years.

According to Dr Rajiha Abdul Amir Ali, Omani Minister of Tourism, who said: "Oman's tourism market in general, and the real estate sector in particular, is witnessing dramatic changes in recent years. We are collaborating with the private sector to launch new projects in Oman."

Before 2006 , Only Omani and GCC nationals are allowed to own properties in the Sultanate of Oman.

After the Oman Royal Decree ( February 2006 ) that allows freehold  properties to all nationalities in tourism designated areas, any one from any nationality, can own real estate in government-recognized tourism projects, such as  the wave, the blue city, and Barraljissah.

This is a great opportunity for foreign investors to invest in freehold properties tourism areas in Oman.

If you buy a freehold  property in Oman, you will automatically get residency rights for yourself and your immediate family, virtue of the property acquisition.

Freehold property ownership is also available to expatriates who live or  work in Oman. The expatriate owner has the right to sell the property In case of deportation, and in the case of death, the property can be passed on through inheritance, upon presentation of suitable documentation.

Currently, The Wave in Muscat, and the Blue city in Alssawadi are the biggest  projects that are currently open for ownership to all nationalities.

1- The Wave Project

The Wave Muscat is  one of the very first projects in Oman that offers full freehold ownership property rights to all buyers.

The Wave, Muscat is a  freehold tourism and residential development to  in the Sultanate of Oman. The US$ 805 million project will stretch along 7 kilometers (4.35 miles) of beachfront land overlooking the Gulf of Oman and covers an area of approximately 2.5 million square meters (26.9 million square feet). It is be located in Muscat, Oman's capital city, only 5 kilometers (3.1 miles) from Muscat's Seeb International Airport.  Read more

2- The Blue City

The Blue City is a $15 billion megacity project started by the Oman. The Blue City project will take up roughly 34 square kilometers along the coastal region at Al Sawaadi, only 45 minutes from Muscat. When completed, the city will include 16 hotels, two hospitals, a large university.. Also, there will be an aquarium, a convention center and a sports village which will be hosting a lot of European and international football teams for the pre-season. The chairman of the Blue City, Anees Issa, plans to announce in 2006 with the association of one of the top football club in Europe and one of the celebrity players. Only the 500,000 resident Dubai Waterfront project is bigger.     Read more

 

The following articles will help you learn more about freehold properties  and real estate investments and trends in Oman.

Incentives for investing in Oman

information about  Oman

Tourism in Oman

Article about investing in Oman

Frequently Asked Questions

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