• Source:JND
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Oman has opened its real estate sector to foreigners under a tightly regulated framework. Integrated Tourism Complexes (ITCs) and usufruct rights, non-Omani nationals, including Indians, can now buy residential and commercial properties, but only under specific conditions.

Indians and other foreign nationals are allowed to own property in ITCs and selected commercial buildings approved by the Ministry of Housing and Urban Planning (MOHUP). ITCs are master-planned communities that combine housing, commercial facilities, and tourism infrastructure. Ownership is granted through usufruct, a leasehold right of up to 99 years.

For undeveloped plots in ITCs, buyers must begin construction within four years. If construction is not started on time, the Ministry may repossess the land and auction it. Some of the major ITC projects in Oman include Al Mouj Muscat, Muscat Hills, Saraya Bandar Jissah, Jebel Sifah, and Salalah Beach Resort.

Oman has also expanded foreign access outside ITCs in specific zones, primarily in Muscat. Applicants must be at least 23 years old, have lived in Oman for at least two years, and buy property in multi-storey buildings with four or more floors.

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Ownership In Integrated Tourism Complexes (ITCs)

ITCs are licensed real estate projects where foreigners are granted full freehold ownership. These developments include residential units, hotels, malls, and leisure areas in gated communities, offering a secure, high-end lifestyle or investment opportunity.

Owning property in an ITC also makes investors and their families eligible to apply for an X property-based residency permit, one of the most attractive benefits for non-Omani investors.

Restricted Zones

Certain areas remain off-limits to foreign ownership for national security or strategic reasons, including traditional neighborhoods and key government zones.

Residency Perks

Eligibility for residency: Property ownership in ITC projects grants residency for the buyer and immediate family, including spouse, children, and parents.

High rental returns: Especially in cities like Muscat and Salalah.

Legally supported resale: Properties can be resold or transferred smoothly under Omani law.

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Key Restrictions

Each foreign buyer can purchase only one unit.

Foreigners cannot hold more than 40 per centof the units in a building.

Nationals from a single country cannot collectively hold more than 20 per cent.

Minimum property values are OMR 45,000 in Muscat and OMR 35,000 in other governorates.

Usufruct rights can be sold, inherited, and renewed for up to 99 years.