On the website, you can choose and purchase property in Muscat from over 581 verified listings. To find the most suitable option, use the convenient search form. Define priority criteria such as location, price, and property size and apply filters and sorting options to reduce search time. Once you find a suitable option, contact the seller directly through the contact details provided on the listing page to discuss the transaction terms.
Foreigners can buy apartments, townhouses, and villas in Muscat in specially designated areas known as Integrated Tourism Complexes (ITCs). The purchase grants full ownership rights to citizens of all nationalities.
Property prices in Muscat start at OMR 33,250 ($23063).
The maximum price is OMR 10 million ($26 million).
The average price is OMR 1,500 ($4,000).
The most popular property in Muscat for investment and living is in the Al Mouj (The Wave) complex. This elite Omani resort has been recognized as the most reliable brand in the integrated tourism project (ITC) sector. The vast coastal area features various types of housing, numerous services, and amenities for buyers. Another freehold zone in the capital is located in the prestigious Muscat Hills area.
Foreign nationals can obtain a residence permit for 5 or 10 years by purchasing housing in an ITC complex for at least OMR 250,000 ($650,000) and OMR 500,000 ($1.3 million), respectively.
Muscat is the capital and largest city of Oman and its economic and commercial center. This attracts both local and foreign investors and provides numerous business opportunities. Muscat offers a high standard of living with excellent conditions for work and leisure. The city also boasts developed infrastructure, including schools, hospitals, shopping malls, and entertainment venues, making it attractive for families with children.
Properties in Muscat
Apartments in Muscat come in various layouts, from small studios to apartments with 3–4 bedrooms. Most apartments feature panoramic windows, balconies, and terraces with views of the marina, golf courses, or the sea. Options range from basic finishing to premium apartments with designer renovations and furnishings. Apartments are located in different parts of the complex, some closer to the marina, others near shopping centers and restaurants.
Villas are available in different architectural styles, from minimalist to traditional designs with pronounced Arabic elements. The number of bedrooms varies from 3 to 6. Most homes have private gardens and swimming pools. Villas are typically located in quieter, greener areas, ensuring greater privacy. Prices depend on the plot size, house area, location, and finishing quality.
Townhouses usually have 2–3 levels and a small private plot. Such properties are generally smaller than villas but more affordable. They are often situated in quiet residential areas. The price range depends on size, location, and finishing.
ITC complexes offer a wide range of amenities, including:
- Landscaped parks and well-maintained public areas.
- Banks, clinics, kindergartens, supermarkets, and international schools.
- Restaurants, shops, hotels, a golf club, and marinas.
- A peaceful and serene atmosphere with controlled access.
- Proximity to the international airport and business districts.
- A multicultural community.
Advantages of investment in real estate in Muscat
Oman's residential real estate market shows promising trends:
- A projected steady growth of 3.7% annually in the housing sector until 2029 creates a favorable investment environment.
- Large-scale government plans to develop the tourism sector aim to significantly increase its GDP contribution (up to 10%) and attract 11 million tourists, boosting demand for short-term rentals.
- A 28.1% increase in transaction values and a 3.1% rise in annual sales by the end of November 2024 indicate strong investor interest in the country’s residential sector.
Annual rental yields for properties in Oman range from 6% to 8% for apartments and from 6% to 9% for houses and villas. The absence of personal income tax, capital gains tax, and a moderate property transfer fee (3%) significantly reduces operational costs and increases net investor profits. The stability of the national currency is also an important factor, minimizing risks associated with exchange rate fluctuations.
Find and buy property in Muscat
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