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Merge 104.8 | 10 March 2022
The Ministry of Housing and Urban Planning announced that expatriates in Oman can now own properties, outside of integrated tourism complexes (ITCs).
The new decision applies to non-Omanis who invest in a property or multiple properties with a total value of over OMR 250,000, and it is broken down into two categories:
First-class residence card holders
Expat investors who buy a property or multiple properties with a total value of over OMR500,000 will be offered a first-class residence card, which allows them to invest in residential, commercial, and industrial properties.
Second-class residence card holders
Expat investors who invest more than OMR250,000 but less than OMR 500,000, will be allowed a second-class residency, which will only enable them to buy residential units.
Certain areas remain off-limits for non-Omanis investors, including properties in Al Buraimi, Al Dhahirah, Musandam, Wusta, Dhofar (with the exception of Wilayat Salalah), Wilayat Liwa, Wilayat Shinas, Masirah, Jabal Akhdar, Jabal Shams, and any location near high-priority installations, like security of military facilities, archaeological and historic sites. Non-Omanis will still be allowed to invest in ITCs in those areas.
