Oman’s property market has evolved considerably in recent years. A clearer foreign ownership framework, several quality integrated resort developments, and Muscat’s growing population have created a more accessible and active real estate environment. This guide covers where foreigners can buy, current prices, and what to expect from Oman’s property market in 2026.
Foreign Property Ownership in Oman
Oman has progressively opened property ownership to foreigners in designated areas called Integrated Tourism Complexes (ITCs). In 2026:
- Foreigners may purchase freehold property in designated ITCs — there are currently several operational in Muscat, with more under development in Salalah and other regions
- ITC property buyers receive an Omani residency permit valid for the duration of property ownership
- No restriction on number of properties or rental of ITC property
Integrated Tourism Complexes (ITCs) in Muscat
Al Mouj Muscat (The Wave)
Al Mouj Muscat is Oman’s premier ITC — a master-planned marina community covering 3.5 million square metres in northwestern Muscat. Features include:
- Championship golf course (Greg Norman-designed)
- Marina for private yachts
- International hotel (Kempinski Hotel The Wave)
- Waterfront retail and dining
- Range of residential options: apartments, townhouses, and villas
Prices (2026):
- Apartments: OMR 600 – OMR 1,200 per square metre (USD 1,560 – USD 3,120/sqm)
- Villas: OMR 1,000 – OMR 2,000 per square metre depending on specification
- Rental yields: 5–7% gross
Muscat Hills
A golf and resort community in Sidab, Muscat Hills offers apartment and villa accommodation around an 18-hole golf course. More compact than Al Mouj but established and popular with expats seeking community amenities.
Saraya Bandar Jissah
A mountainside resort development south of Muscat city centre, with breathtaking views of the Gulf of Oman. Luxury villas and branded residences in partnership with Anantara Hotels. Premium prices reflecting the unique natural setting.
Muscat Mainstream Residential Market
Outside ITCs, the mainstream Muscat rental market (where foreigners typically rent rather than buy):
- 2BR apartment (Qurm, Shatti): OMR 350 – OMR 700/month
- 3BR villa (Bausher, Al Khoud): OMR 500 – OMR 1,000/month
- The mainstream market has seen relatively stable prices — Oman has not experienced the sharp price escalation of Dubai
Real Estate Regulation
Oman’s real estate sector is regulated by the National Centre for Statistics and Information (NCSI) for data, and the Ministry of Housing and Urban Planning oversees property registration and ITC approvals. Off-plan purchases in ITCs must comply with developer escrow requirements.
Frequently Asked Questions
Can I get a mortgage in Oman as a foreigner?
Omani banks offer mortgages to foreign ITC property buyers. LTV ratios for foreigners are typically 50–60% (lower than Omani nationals who can borrow up to 75%). Bank Muscat, Ahlibank, and Oman Arab Bank are among the major lenders with ITC mortgage products.
Is ITC property a good investment?
ITC property in Oman offers decent rental yields (5–7%) and the convenience of legal foreign ownership with residency permit. Capital appreciation has been moderate — Oman’s property market is stable but not as high-growth as Dubai. For investors seeking steady income rather than speculative capital gains, Oman ITCs are a sound choice.
Can I rent out my ITC property?
Yes. ITC property can be rented to tenants. Short-term rentals require approval from the Ministry of Heritage and Tourism and compliance with the relevant hospitality regulations.
Related Reading
Also Read: Oman Cost of Living 2026: Muscat vs Salalah Expenses Breakdown for Expats | Duqm Special Economic Zone 2026: Why Oman’s Desert City Is Attracting Global Investment | Oman Banking and Finance 2026: Central Bank of Oman, Meethaq Islamic and Muscat Stock Exchange
Read next: Oman’s Muscat Real Estate Corridor Attracts AED 8 Billion in Foreign Investment in 2025
