Investment
Why Invest in Oman?
- Real estate sector contributes to 3.8% of the country’s GDP and is still at an infancy stage
- Oman’s growing population (the young demographics), influx of expatriates and lack of quality housing have combined to create a huge demand for real estate in the country
- With comparatively low real estate prices to the GCC region, Oman offers an attractive real estate market for investment. This in-turn draw a number of GCC investors to Oman every year
- The real estate market has seen a positive trend in lease rentals and property prices over the last 2-3 years. Despite the global recession and market slow downs, Oman’s real estate is still attractive as compared to its peers.
Why invest in Al Madina A’Zarqa?
- Following His Majesty’s vision for Oman 2020, the project evokes major drivers towards the diversification of the economy from fossil fuel to tourism
- Exclusive coastal development city project and one of the most important tourism an infrastructure projects in the Middle East
- Emerging as a valuable growth engine for the Omani economy through successful Omanization initiatives and multi-million dollar contracts
- The city will serve as a multi-faceted commercial center, tourist attraction and residential development
- High capital growth for individual and corporate investors
- Tremendous business potential and opportunities – apartments and villas; golf parks; civic centers; souqs, as well as several other parks – will be available for rental or resale
- Also available will be retail properties; restaurants; community facilities; schools and university; hospitals and marina
100% Freehold Ownership
Oman Property Laws – Royal Decree 12/2006
On the 22nd of February 2006 His Majesty Sultan Qaboos bin Said issued a Royal Decree declaring that expatriates and foreign nationals may purchase land and property in Oman within the Integrated Tourism Complexes either for accommodation or investment. The law has been carefully constructed and is placing the country as an international tourist destination while accelerating its growth prospects in the international real estate arena.
Development properties that come under the ITC bracket have the following facilities:
- Available to all nationalities
- 100% freehold property
- Inheritance laws in the country of origin
- Residence Visas provided for
You
Spouse
Immediate Family
These are Government guidelines, promulgated officially through Royal Decrees. The above laws are non- project specific. More detailed information on the above can be gathered from Oman’s official websites.
