Buying real estate in Oman?

Get all the real estate data you need

Should you buy real estate in Oman now?

Last updated on 

Get all the data you need about the real estate market in Oman

SUMMARY

Yes, we would buy real estate in Oman now, but only selectively: the best case is a completed or nearly completed property in an established Muscat community, bought at a price that already works on current rents and resale comparables.

Oman’s headline property boom is real, but it is being driven disproportionately by land. Residential prices rose 17.6% year-on-year in the first quarter of 2026, while apartments increased only 4.4%, so foreign apartment buyers should not assume the national number describes their segment.

This creates an unusual market for overseas investors. The strongest national gains are happening partly in property categories many foreigners cannot freely buy, while the foreign-accessible market is concentrated in ITCs, newer master plans, golf communities and premium coastal projects.

That makes property selection more important than market timing. A good apartment in Muscat can still make sense today, while an expensive off-plan unit in the same city can be a poor investment even if Oman’s national index keeps rising.

Muscat remains the clearest market for most foreign buyers because it combines year-round rental demand, the country’s deepest pool of foreign-ownable stock and a more mature resale market than most alternatives elsewhere in Oman.

Al Mouj still offers the strongest brand, finished amenities and probably the easiest resale story, but buyers pay for that maturity through higher entry prices and lower gross yields. Muscat Hills currently looks stronger on pure price-to-rent economics.

Oman’s rental yields are respectable rather than spectacular. Gross yields of roughly 5% to 7% can work, but service charges, vacancy, repairs and management can pull the net return down toward the low-to-mid 4% range.

The biggest risk is not a national crash. It is paying a large premium for new construction while thousands of additional homes are entering Sultan Haitham City, Qurum and other master-planned developments over the coming years.

Financing also changes the calculation. A 5% to 6% gross-yield property becomes much less attractive when debt is expensive, while cash buyers can compare property income directly with Omani-rial deposits offering rates around 4% at some banks.

Oman’s economic backdrop is supportive enough to justify a good long-term purchase. Growth is accelerating, government finances have improved, foreign ownership is widening and the property-registration system is becoming more modern, but none of that rescues a badly priced unit.

Our conclusion is therefore positive but narrow: Oman looks attractive for patient buyers who prioritize today’s economics, established demand and scarce locations. It looks far less attractive for quick flips, heavy leverage or off-plan purchases justified mainly by payment plans and aggressive appreciation assumptions.

Should you buy real estate in Oman now?

Yes, we would buy real estate in Oman now, but only when the property already makes sense on today’s rent, today’s resale comparables and a holding period of at least five years.

There is enough evidence to be positive. Residential property prices are rising. Apartment appreciation has picked up without becoming extreme. Transaction counts increased 12.2% in the first half of 2026. Oman is widening foreign ownership, offering long-term investor residency and putting serious money into new cities, tourism and infrastructure. The IMF also expects economic growth to accelerate this year.

What stops us from giving Oman an unconditional “buy” is the gap between the national boom and the properties foreign investors actually purchase.

Residential land rose 21% in the latest official quarter, while apartments increased 4.4%. That difference is too large to ignore. Buyers should not price an ordinary condo as though Oman’s spectacular land gains were automatically coming next.

The same discipline applies to rental yields. Around 5–7% gross is achievable in parts of the foreign-freehold market, but the net return falls once service charges, vacancy and management enter the calculation.

Our preference today would be a completed or nearly completed apartment in an established Muscat community, bought at a price that works without aggressive appreciation assumptions.

Muscat Hills currently deserves a serious look for investors because its price-to-rent relationship is better than Al Mouj’s. Al Mouj still makes sense for someone willing to accept a lower yield in exchange for a stronger brand, mature amenities and probably easier resale. Selected properties in Sultan Haitham City may produce more upside, although buyers there are accepting more construction and future-supply risk.

We would be much more skeptical of expensive off-plan units sold mainly through attractive payment plans and projections of rapid appreciation.

Oman currently looks like a good property market for patient, selective buyers. It looks much less attractive for anyone chasing a quick flip, heavy leverage or effortless 8–10% returns.

Is Oman’s property market really booming right now?

Oman’s property market is clearly strong right now, but apartment buyers are seeing a much calmer market than the headline numbers suggest.

According to Oman’s National Centre for Statistics and Information, the residential property price index rose 17.6% year-on-year in the first quarter of 2026. The broader real-estate price index increased 15.9%. Those are big numbers, especially for a market that spent much of the previous decade looking fairly quiet next to Dubai or Riyadh.

Activity has continued since then. Savills reported OMR 1.43 billion of real-estate transactions during the first half of 2026, up 5.4% from the same period a year earlier. The number of property contracts increased even faster, by 12.2%. Foreign direct investment in Omani real estate reached OMR 602.5 million by the end of the first quarter, another 1.2% increase.

The catch appears when we split the national price index by property type. Residential land jumped 21% year-on-year. Villas rose 9%. Apartment prices increased only 4.4%.

The previous quarter shows how different these segments have been. Apartment prices increased just 0.6% year-on-year in the fourth quarter of 2025, before accelerating to 4.4%. Residential land went from 14.6% growth to 21% over the same two quarters, while villas moved from 20.6% to 9%.

Muscat makes the gap even more striking. Residential land prices in the capital were 43.6% higher than a year earlier. Someone seeing that figure and assuming a two-bedroom apartment in Al Mouj has appreciated at anything close to 44% would be reading the market incorrectly.

For an apartment buyer, the useful number is therefore closer to 4.4% than 17.6%. It also suggests that apartments are strengthening from a relatively quiet base rather than going through the same repricing as land.

Oman property indicator Latest reported change What sits behind it What a buyer should take from it
Overall real-estate prices +15.9% YoY Residential and commercial property Strong national market
Residential property +17.6% Land, villas and apartments Heavily lifted by land
Residential land +21.0% Development plots Main source of recent price growth
Villas +9.0% Completed villas Strong but far below land
Apartments +4.4% Completed apartments Moderate appreciation
Muscat residential land +43.6% Land in the capital Exceptional recent increase

Thinking of buying real estate in Oman?

Acquiring property in a different country is a complex task. Don't fall into common traps – grab our guide and make better decisions.

real estate forecasts Oman

Why is deciding whether to buy property in Oman harder than it looks?

Buying property in Oman now requires more discrimination than the national price boom suggests because foreign buyers, local land buyers and luxury-project buyers are often shopping in completely different markets.

Much of Oman’s spectacular recent appreciation has come from land. Yet a foreign individual generally cannot browse ordinary residential plots across Muscat and buy them in the same way an Omani citizen can.

Foreign buyers have traditionally concentrated on approved Integrated Tourism Complexes, commonly called ITCs. Al Mouj, Muscat Hills and Muscat Bay are among the best-known examples. Oman has recently started opening additional master-planned communities to non-Omani ownership, but eligibility still depends on the particular development and title.

That gives foreign investors a peculiar version of the Omani market. Their choices lean heavily toward waterfront communities, golf developments, new master plans, branded residences and higher-end apartments.

Those properties often come with better amenities and stronger international appeal, although buyers pay for those advantages. The 21% increase in Omani residential land tells us plenty about development pressure and local demand. It tells us much less about whether an OMR 150,000 apartment marketed to overseas buyers is cheap.

Have Oman property prices already gone too far?

Oman property prices do not look broadly overheated today, although buyers can already find projects where developers are asking far more than the resale market supports.

Apartment prices are the strongest evidence against the idea that the whole market has become expensive overnight. NCSI recorded only 4.4% annual growth in apartments during the first quarter of 2026, compared with 21% for residential land.

That is a healthy increase rather than the kind of repricing we would associate with a speculative boom.

Current Muscat estimates also show a huge spread between neighborhoods. Oman Property Index tracks Al Mouj at roughly OMR 140 per square foot, Muscat Hills around OMR 110 and Muscat Bay around OMR 100. Applying those prices to the same 110 m² apartment produces an indicative value of about OMR 166,000 in Al Mouj, OMR 130,000 in Muscat Hills and OMR 118,000 in Muscat Bay.

The bigger pricing problem appears inside individual developments. Completed one-bedroom units in established communities can sometimes sell materially below comparable new launches. At Al Mouj, for example, resale one-bedroom inventory can start below OMR 100,000, while newer schemes can ask well above OMR 140,000 for a one-bedroom.

That gap can be justified when the new unit has a much better view, design, specification or position. A 30% or 40% premium simply for being off-plan is harder to defend.

Don't buy the wrong property, in the wrong area of Oman

Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.

housing market Oman

Is Muscat still the best place to buy property in Oman?

For most foreign investors buying residential property in Oman today, Muscat remains the easiest place to justify.

Muscat combines three things that are hard to find together elsewhere in Oman: a large year-round tenant base, most of the country’s established foreign-freehold communities and a deeper resale market.

The capital also has an unusually large expatriate population. NCSI counted roughly 1.53 million residents in Muscat at the end of 2025, including about 936,000 expatriates. Foreign residents therefore made up around 61% of the governorate’s population.

That creates real rental demand around the airport, government offices, logistics, finance, energy, international schools and professional services.

Foreign investors also have several mature options. Al Mouj has an established marina community and one of Oman’s strongest international property brands. Muscat Hills offers airport proximity and lower entry prices. Muscat Bay provides a quieter coastal product. Sultan Haitham City is gradually adding an entirely new pool of master-planned housing.

Elsewhere, the investment case becomes more specialized. Salalah and the wider Dhofar region can appeal to buyers targeting tourism and the khareef season. Al Jabal Al A’ali in Al Jabal Al Akhdar is being developed as a US$2.4 billion mountain destination with plans for roughly 5,000 homes and more than 2,000 hotel rooms.

Can foreigners really buy and fully own property in Oman now?

Foreigners can own qualifying property in Oman today, and the range of properties available to them is getting wider.

For years, the simple route was to buy freehold property inside an approved Integrated Tourism Complex. That is why overseas buyers became familiar with names such as Al Mouj, Muscat Hills and Muscat Bay.

Oman is gradually widening that model.

Hai Al Wafa in Sultan Haitham City is a good example. The Ministry of Housing and Urban Planning says the neighborhood covers more than one million square meters, contains 1,800 homes and offers freehold ownership to Omanis and non-Omanis.

The long-term residency regime adds another layer. Oman’s Ministry of Commerce currently promotes renewable investor residency lasting five or ten years. Its Golden Residency program has a minimum qualifying investment of OMR 200,000 under applicable investment routes, and official government information explicitly refers to property ownership outside the traditional ITC framework for qualifying investors.

Oman has also modernized its registration rules. The new Real Estate Registry Law issued in 2026 provides for digital title records and makes the registration framework clearer for non-Omanis when ownership is legally permitted.

There is still one rule we would never skip: confirm the exact property’s foreign-ownership status before paying a reservation fee.

Get to know the market before buying a property in Oman

Better information leads to better decisions. Get all the data you need before investing a large amount of money.

real estate market Oman

Are rental yields on Oman property actually good today?

Oman rental yields are respectable today, although the best-looking citywide numbers are often unavailable to foreign buyers.

Across nine Muscat neighborhoods tracked by Oman Property Index, estimated gross yields currently range from about 5.2% to 7.5%, with an average close to 6.4%.

That sounds attractive. Ownership eligibility changes the picture.

The three foreign-freehold areas in the same dataset produce estimated gross yields of roughly 5.2% in Al Mouj, 6.2% in Muscat Hills and 7% in Muscat Bay. Higher-yielding areas such as Al Khuwair and Al Khoud generally sit outside the standard foreign-freehold universe.

Recent rental data give us a useful reality check. An aggregated Muscat rent study based on market data and live listings put the typical citywide two-bedroom rent around OMR 430 per month. In Al Mouj, the same dataset puts a typical two-bedroom closer to OMR 710. Muscat Hills sits around OMR 490.

A foreign investor therefore pays a sizeable premium for the right to own in these communities, especially in Al Mouj. The rent rises too, but not always enough to preserve the same yield.

Then come service charges, repairs, vacancy and management. A 6% advertised gross yield can quite easily become something around 4% or 4.5% net.

We would consider 5–6% gross ordinary, around 6–7% attractive for a good freehold property, and anything substantially higher worth checking very carefully rather than celebrating immediately.

Muscat area Approx. price/sq ft Estimated gross yield Foreign freehold What it offers
Al Mouj OMR 140 5.2% Yes Strongest international brand and tenant depth
Muscat Hills OMR 110 6.2% Yes Better balance between price and rent
Muscat Bay OMR 100 7.0% Yes Lower-density coastal option
Qurum OMR 98 6.0% Generally restricted Established central demand
Al Khuwair OMR 81 7.5% Generally restricted Stronger yield, mainstream market
Al Khoud OMR 60 7.5% Generally restricted Much cheaper entry price

Is Al Mouj still the safest property investment in Oman?

Al Mouj is still one of the safest choices for a foreign property buyer in Oman, but buyers are paying a clear premium for that safety.

Its appeal is easy to understand. Al Mouj has years of completed development behind it, a marina, golf, restaurants, retail, hotels and quick access to Muscat International Airport. Overseas buyers already know the name, and tenants can visit a finished neighborhood rather than imagine what a master plan may eventually become.

That makes resale easier to understand too. Current one-bedroom resale units can be found around the low OMR 100,000s, although pricing varies sharply by building, size, view and condition. Two-bedroom units extend from the mid-OMR 100,000s to well beyond OMR 200,000 in premium positions.

Rent is equally established. Current two-bedroom asking rents commonly sit around OMR 650–900 a month, with better furnished or waterfront units going higher.

The price of that maturity is a lower yield. Current area estimates put Al Mouj near 5.2% gross, below Muscat Hills and Muscat Bay.

Buying real estate in Oman can be risky

An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.

investing in real estate foreigner Oman

Is Muscat Hills a better property investment than Al Mouj right now?

Muscat Hills currently looks better than Al Mouj for buyers who care more about investment maths than having Muscat’s most recognizable address.

The price gap is meaningful. Current market tracking puts Muscat Hills near OMR 110 per square foot against roughly OMR 140 at Al Mouj. That makes Muscat Hills about 21% cheaper per square foot.

Yet its estimated gross rental yield is higher, around 6.2% compared with roughly 5.2% at Al Mouj.

Location helps. Muscat Hills sits close to Muscat International Airport and several important employment corridors. Tenants do not need to be looking for a marina lifestyle to find the area useful.

A typical two-bedroom rent currently sits around OMR 490 in aggregated market data, with live listings moving above or below that figure depending on the development and furnishing.

Al Mouj still wins on brand recognition and the depth of its finished lifestyle offering. Muscat Hills gives buyers more income for the amount invested.

Could Oman build so many new homes that property returns suffer?

Yes, Oman’s large development pipeline could hurt returns in weaker projects, and this is one of the risks we would take most seriously now.

The supply story is already visible in official data. Oman recorded 24,470 building completions in 2025, up from 23,743 in 2024 and 16,834 in 2023. That is roughly 45% more completions in two years.

Muscat alone recorded 3,404 building completions in 2025.

The larger master plans show how much more can follow. Hai Al Wafa contains 1,800 homes. A recent partnership with Saudi developer Retal covers more than 1.3 million square meters in Sultan Haitham City and includes more than 2,000 residential units. The investment value exceeds OMR 320 million.

Qurum is also getting new foreign-ownable supply. Telal Al Qurum, agreed earlier in 2026, is a OMR 230 million integrated tourism project covering roughly 165,000 square meters. Its 15-year development plan includes residential units alongside hotels, retail and leisure facilities.

Al Jabal Al A’ali is larger again, with roughly 5,000 planned homes and more than 2,000 hotel rooms.

Demand can grow enough to absorb plenty of this construction. Oman is deliberately expanding tourism, attracting foreign capital and building new urban districts.

The properties most exposed are generic apartments bought at high launch prices. When those units are finally handed over, their owners may discover that tenants and resale buyers can choose among several equally new developments.

Scarcity will matter more as the pipeline grows.

Development signal Approximate scale What is coming Main implication
Oman building completions in 2025 24,470 Broad national supply 45% more completions than in 2023
Hai Al Wafa 1,800 homes Sultan Haitham City housing More foreign-ownable inventory
Retal project 2,000+ homes Villas and apartments Major additional Muscat supply
Telal Al Qurum OMR 230m Homes, hotels and leisure New premium/freehold competition
Al Jabal Al A’ali ~5,000 homes Mountain resort community Large destination-specific pipeline

Don't lose money on your property in Oman

100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.

investing in real estate in  Oman

Is buying off-plan property in Oman a good idea right now?

Buying off-plan property in Oman can work, but several current launches look expensive once we compare them with finished resale units nearby.

This is where payment plans can distort the decision.

A developer may ask for only 10% or 20% initially, spread the remaining payments over construction and leave a final amount due at completion. That makes an OMR 150,000 apartment feel much cheaper than writing a cheque for an OMR 115,000 resale apartment today.

The total purchase price still decides whether the deal is good.

At Al Mouj, for example, newer off-plan one-bedroom stock can start around OMR 140,000 while older completed one-bedroom apartments can trade materially below that level. The exact gap varies by project and unit, but paying tens of thousands of rials more for an apartment that will not be delivered for several years needs a strong reason.

A genuinely superior waterfront position can provide that reason. So can exceptional architecture, larger layouts or a part of the master plan where future construction will be limited.

An interest-free construction schedule also has value because the buyer keeps part of the capital for longer.

Does Oman’s economy support higher property prices from here?

Oman’s economy currently gives property investors a solid backdrop, with growth accelerating and government finances much healthier than they were several years ago.

The IMF’s latest assessment estimates that real GDP grew 2.4% in 2025, up from 1.6% in 2024, and projects growth of around 3.7% in 2026. Higher oil production is contributing heavily to that acceleration.

The non-oil side is growing too, although more slowly this year. The IMF expects nonhydrocarbon growth of roughly 2.5% in 2026 before a recovery toward 3.2% in 2027.

Government finances have improved substantially. Central government debt fell to 34.7% of GDP by the end of 2025, and the IMF expects a fiscal surplus of roughly 4.5% of GDP in 2026.

That gives Oman more room to keep investing in infrastructure, tourism and the large urban projects feeding the property market.

There is still a clear oil link. The recent improvement in the fiscal outlook partly reflects stronger hydrocarbon revenues, and the IMF continues to flag regional conflict and oil-market uncertainty as important risks.

For property buyers, the current economic backdrop is supportive enough that we do not need an heroic macroeconomic forecast to justify a good Muscat asset.

Economic measure Latest picture What it means for property
Real GDP growth ~3.7% projected for 2026 Faster economic growth
Non-oil growth ~2.5% projected Still positive despite regional pressure
Government debt 34.7% of GDP at end-2025 Much stronger fiscal position
Fiscal balance ~4.5% surplus projected More room for investment
Inflation 2.8% YoY in Jan–May 2026 Rising, but still moderate
Regional risk Elevated Main macro uncertainty

Get the full checklist for your due diligence in Oman

Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.

real estate trends Oman

Do Oman mortgage rates make property investment unattractive?

Borrowing costs currently make mediocre Oman rental properties hard to justify, especially when the gross yield is only around 5%.

The arithmetic is fairly unforgiving.

If an apartment yields 5.5% gross and running costs reduce that to roughly 4%, expensive debt can consume most of the rental return. Leveraged buyers then depend heavily on capital appreciation to make the investment worthwhile.

Cash buyers face a different comparison. Omani-rial deposits have recently offered rates around 4% at some banks. A property producing a similar net yield therefore needs to compensate the investor for maintenance, vacancy, transaction costs and much lower liquidity.

The Omani rial helps international investors somewhat. Its peg to the US dollar removes the large local-currency swings that can destroy returns in many emerging real-estate markets. Dollar-based buyers have particularly little currency uncertainty, while euro, sterling and Asian-currency investors remain exposed mainly to movements against the dollar.

For now, Oman makes more sense to us for buyers using cash or moderate leverage. A highly leveraged investor buying a 5% gross-yield apartment has very little margin for error.

Is Oman property easy to resell?

Oman property can take time to sell, and resale liquidity remains one of the market’s biggest disadvantages compared with Dubai.

The national market is simply smaller. Oman recorded OMR 1.43 billion of property transactions during the first half of 2026. Transaction value increased 5.4% year-on-year, while the number of contracts rose 12.2%.

Those numbers are encouraging because buyers are active. They still describe a market with a relatively limited pool of transactions once we split it by city, property type, price point and foreign-ownership eligibility.

Foreign buyers face another filter. A resale apartment in an established ITC can attract Omanis, expatriate residents and international buyers who understand the ownership structure. A niche property in an unfamiliar new project may have a much narrower audience.

This gives mature communities an advantage that a rental-yield spreadsheet can miss. Al Mouj costs more partly because a future buyer already knows what Al Mouj is.

Don't sign a document you don't understand in Oman

Buying a property over there? We have reviewed all the documents you need to know. Stay out of trouble - grab our comprehensive guide.

real estate market data Oman

Could Oman property prices rise a lot more over the next five years?

Oman property still has meaningful upside over the next five years, but we would expect that upside to be concentrated in established or genuinely scarce locations rather than spread evenly across every new project.

Several forces are moving in the same direction.

Foreign ownership is gradually becoming easier. Oman now has a ten-year Golden Residency route with a OMR 200,000 minimum qualifying investment. New communities such as Hai Al Wafa explicitly allow non-Omani freehold ownership. The property-registration system is also becoming more modern.

At the same time, the economy is growing, Muscat already has a large expatriate population and real-estate transactions are still increasing.

Those changes can enlarge the pool of people willing to own a home in Oman instead of simply renting one.

We would still avoid the popular “next Dubai” comparison. Muscat has a very different scale, density and development model, and Oman has shown little interest in reproducing Dubai property speculation exactly.

If more international buyers enter Oman while established waterfront or golf communities remain relatively scarce, prices in those particular neighborhoods can perform well even with much slower nationwide apartment growth.

What could make buying property in Oman go badly?

The biggest dangers for Oman property buyers today are paying too much for new construction, underestimating future supply and expecting an easy resale.

None requires Oman to enter a national housing crash.

Imagine a buyer paying OMR 150,000 for an off-plan apartment while similar completed homes nearby cost OMR 115,000. Even if apartment prices keep rising 4% a year, a large part of the next several years of appreciation can disappear into that initial premium.

Supply creates another problem. Annual building completions have risen sharply since 2023, Sultan Haitham City alone has thousands of units coming through different neighborhoods, and new foreign-ownable projects are appearing in Qurum and other destinations.

Rental projections can fail too. A 6.5% gross yield can become closer to 4.5% after service charges, vacancy, repairs and management. If the property was bought with expensive debt, the remaining cash return may be thin.

Regional geopolitics adds uncertainty. The IMF says Oman has remained resilient through the latest Middle East disruption, helped in part by the location of major ports outside the Strait of Hormuz bottleneck. The same IMF assessment still describes the geopolitical environment as fluid and the downside risks as elevated.

Risk How much we worry about it now Most exposed buyer What helps
Paying too much off-plan High New-launch buyers Compare every launch with completed resale
Future supply High Generic apartment buyers Favor scarce, established locations
Weak net yield Medium-high Income investors Calculate all recurring costs
Financing costs Medium-high Highly leveraged buyers Use less debt
Slow resale Medium Short-horizon investors Buy in mature communities
Regional uncertainty Medium All buyers Hold for longer
Ownership mistakes Avoidable but serious Foreign buyers Verify the exact title before paying

Get fresh and reliable information about the market in Oman

Don't base significant investment decisions on outdated data. Get updated and accurate information.

buying property foreigner Oman

OUR METHODOLOGY

This analysis tests whether buying real estate in Oman makes sense now by breaking the question into the parts that actually determine an investor’s outcome: market momentum, foreign ownership access, current pricing, rental economics, future supply, financing, resale liquidity and the wider economic backdrop.

We did not treat Oman’s national property boom as a direct proxy for the apartment market. We separated residential land, villas and apartments because the latest official data show very different price movements across those segments, and foreign buyers are much more exposed to apartments and master-planned freehold projects than to ordinary residential land.

We also separated the broader Omani market from the market a foreign individual can realistically access. Integrated Tourism Complexes, newer foreign-ownable master plans and qualifying freehold developments were given more weight than areas where ownership is generally restricted.

For pricing, we compared current neighborhood-level estimates and live resale evidence with new-launch asking prices. Off-plan properties were judged on total purchase price rather than on the size of the initial deposit or the apparent attractiveness of the payment plan.

Rental returns were assessed using gross-yield estimates, current asking rents and the ownership universe available to foreigners. We then treated service charges, vacancy, repairs and management as a separate layer because a headline gross yield can materially overstate the income an owner actually keeps.

Future supply was assessed using official building-completion data and first-party information on major projects such as Hai Al Wafa, Sultan Haitham City, Telal Al Qurum and Al Jabal Al A’ali. We focused on scale and location because new supply is most relevant when it competes directly with the same tenants and resale buyers.

For the macro backdrop, we prioritized the IMF’s latest Oman assessment for GDP growth, non-oil growth, debt, fiscal balance, inflation and geopolitical risk. We used the Central Bank of Oman for the rial’s US-dollar peg and BankDhofar as a current first-party reference point for OMR deposit rates.

We gave the most weight to recent official statistics, government legislation and project information, then used Savills and current market evidence where official sources did not provide enough neighborhood-level or transaction-level detail. The conclusion comes from how those pieces fit together rather than from any single headline statistic.

Key sources used for this analysis include: Times of Oman on NCSI’s latest real-estate price index, NCSI’s Statistical Year Book 2026, NCSI’s January 2026 Statistical Bulletin, Savills on Oman’s first-half 2026 transaction activity, Oman’s Integrated Tourism Complex ownership legislation, Gov.om on owning real estate in tourism complexes, Oman’s official Golden Residency program, the Ministry of Commerce on Golden Residency and qualifying investment, the Ministry of Housing and Urban Planning on the 2026 Real Estate Registry Law, the Ministry’s Hai Al Wafa project page, the Ministry’s Retal partnership announcement, Oman News Agency on Telal Al Qurum, the Ministry’s Al Jabal Al A’ali project page, the IMF’s June 2026 Oman assessment, the Central Bank of Oman on the rial’s fixed peg, and BankDhofar’s current deposit rates.

Get to know the market before buying a property in Oman

Better information leads to better decisions. Get all the data you need before investing a large amount of money.

real estate market Oman