Apartments and flats for sale in As Sib

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FAQ
How to buy flat in As Sib on the ME website?

On the website, you can find over 30 residential property listings and check current apartment prices in As Sib. The catalog includes offers from both developers and trusted real estate agencies. Before you start searching, define your key parameters: location, budget, size, and property type.

  1. Apply filters to refine your search results and sorting functions to organize them efficiently.
  2. Use the built-in currency converter to calculate prices in different currencies.
  3. Explore detailed property descriptions, photos, information on nearby infrastructure, and transport accessibility.
  4. Contact the seller by phone or direct message to negotiate a potential deal.
What is the minimum cost of apartments in As Sib?

The minimum price is OMR 9,500 ($83111).

What is the maximum price of an apartment in As Sib?

The highest price is OMR 455,000 ($1.2 million).

Which areas are popular among foreigners for buying apartment in As Sib?

The most in-demand apartments and villas in As Sib are in Al Hail, Al Khoudh, Al Mawaleh, Al Maabilah, and Al Seeb districts.

  • Hail is a coastal district by the Gulf of Oman with the expansive beach Al Hail Beach. The waterfront is lined with numerous restaurants, cafés, and pedestrian areas, creating a comfortable atmosphere for leisure.
  • Khoudh attracts tourists due to its proximity to the natural oasis Wadi Al-Khoudh. It is also home to prestigious educational institutions, including the country's largest university, Sultan Qaboos University.
  • Mawaleh is a central area with well-developed infrastructure and large shopping centers. It features the popular Al Sahwa Garden, a favorite spot for picnics and strolls.
  • Maabilah is known for its modern residential developments and the wide Seeb Beach. The area has schools, supermarkets, and sports facilities.
  • Seeb is especially valued for its beautiful beaches, which are ideal for relaxation and water sports. The district features large shopping malls with various stores, restaurants, and entertainment venues.
Can you obtain a residence permit in Oman by purchasing flats in As Sib?

Yes, buying property in As Sib allows foreigners to obtain a residence permit. A permit is issued for 5 years if at least OMR 250,000 ($650,000) is invested or for 10 years if the amount reaches OMR 500,000 ($1.3 million) or more. However, non-residents can only buy property in designated areas known as Integrated Tourism Complexes (ITCs).

Apartments for sale in As Sib

Apartments in As Sib for investment come in various layouts, ranging from studios to 4-bedroom apartments. Different finishing levels are available, from basic to luxury. Many new residential complexes include gyms, swimming pools, children's playgrounds, and security services.

Luxury penthouses with terraces are also available on the top floors of buildings. Occasionally, townhouses can be found in the area, where each section represents a separate apartment.

Residential districts are conveniently located near the coast, providing access to the sea and well-maintained beaches. The international airport of Muscat is about a 30-minute drive away, and the city center and major landmarks are also easily accessible.

The infrastructure in the area is well-developed, featuring parks, beaches, schools, hospitals, universities, shopping malls, and entertainment centers, including The Village, a large tourist complex with a five-star hotel, a waterfront, boutiques, and luxury stores.

Advantages of investment in apartment in As Sib

Foreigners can purchase an apartment for sale in As Sib as an investment, expecting long-term returns. The country offers a favorable tax regime for investors, a strategic seaside location, economic stability, and business-friendly conditions.

Oman has experienced a rise in tourism, driven by investments from the Vision 2040 initiative. The government plans to invest $31 billion into the hospitality sector by 2040, aiming to attract around 11 million tourists annually. The following initiatives are being implemented:

  • Construction of new roads and optimization of public transportation.
  • Expansion of residential areas and development of multi-functional complexes.
  • Implementation of environmentally sustainable practices and technologies in urban development.
  • Enhancement of commercial infrastructure.

The real estate market is projected to show steady growth from 2025 to 2029, with an average annual increase of 3.70%. Rental yields for apartments in Oman range from 3-4% to 6-7% annually. Since there is no personal income tax in the country, operational expenses are significantly reduced. Additionally, the stable local currency protects against exchange rate fluctuations.

Find and buy apartment in As Sib

The platform helps users quickly find and purchase flats for sale in As Sib based on their preferences. Visitors to the website can customize their search using filters for size, number of bedrooms, location, etc. With convenient tools and a vast catalog, you can find the perfect home in one of the most prosperous countries in the Middle East.