Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |
Home Oman Regulatory Framework — Doing Business in Oman Land Ownership and Real Estate Regulation — Oman
Layer 1

Land Ownership and Real Estate Regulation — Oman

Oman restricts land and real estate ownership for non-Omanis, with the primary exception being Integrated Tourism Complexes (ITCs) where foreigners may purchase freehold residential property. Industrial land in free zones is available on long-term leasehold.

General Land Ownership Rules

Under Oman’s Land Law (Royal Decree 5/1980 and subsequent legislation), land ownership in Oman is generally restricted to Omani nationals and Omani-owned companies. This restriction applies to:

  • Agricultural land
  • Residential land (outside designated zones)
  • Commercial and industrial land (outside designated zones)

Non-Omani GCC nationals may own residential property in certain areas under GCC reciprocity arrangements, though the practical scope is limited.

Leasehold for non-Omanis: While freehold ownership is restricted, long-term leasehold arrangements (typically 30-50 years, renewable) are available for non-Omanis in specific contexts — particularly industrial and commercial real estate.

ITC Framework for Foreign Ownership

The Integrated Tourism Complex (ITC) framework — established by Royal Decree 12/2006 and subsequent amendments — is the primary mechanism for non-Omani residential property ownership. ITCs are designated development zones where:

  • Non-Omanis may purchase residential real estate freehold (apartments, villas)
  • Owners and their families may obtain long-term residence visas linked to the property
  • Commercial facilities within the ITC may be owned by non-Omanis in some cases

ITCs must be approved by the Ministry of Housing and Urban Planning and meet specific development standards. The developer typically holds the master title; individual buyers purchase unit titles registered in the Land Registry.

Major ITC Developments

The Wave, Muscat: Established ITC on the Muscat coastline — residential units, W Hotel, marina, and retail. Developed by Majid Al Futtaim and OMRAN. Prices have risen substantially as the development matured — now among Oman’s most sought-after addresses.

Muscat Bay: Waterfront development near Al Mouj, targeting luxury residential and hotel.

Jebel Sifah: Hillside marina community with residential, hotel, and golf facilities.

Salalah Beach: Tourism and residential development in Dhofar, targeting monsoon season and year-round markets.

Al Mouj Muscat (The Wave extension): Additional phases of waterfront development in the Muscat area.

Industrial Land in Free Zones

In OPAZ-regulated economic zones (Duqm SEZ, Salalah Free Zone, Sohar Free Zone), industrial and commercial land is available to foreign investors on long-term leasehold (typically 30-50 year leases, renewable):

  • Duqm SEZ: Plot sizes from small commercial units to large industrial lots (100+ hectares)
  • Salalah Free Zone: Industrial and logistics warehouses and plots
  • Sohar Free Zone: Industrial plots integrated with the Sohar industrial cluster

Zone leasehold land comes with serviced infrastructure — roads, utilities, drainage, port connectivity. Lease rates vary by zone and plot type.

Commercial Real Estate

For commercial real estate (offices, retail, warehouses) outside ITCs and free zones:

  • Leasing: Non-Omanis can lease commercial space without restriction
  • Ownership: Generally restricted to Omani nationals/entities for direct freehold
  • Joint venture: A non-Omani investor partnering with an Omani entity may access commercial property ownership through the Omani partner

Commercial leases in Oman are typically annual, with longer-term leases (3-10 years) available by negotiation. The commercial real estate market in Muscat has evolved significantly — Grade A office space is available in Al Khuwair, Al Mouj, and Qurum business districts.

Usufruct Rights

Usufruct (right of use) provides non-owners with the legal right to use and benefit from property for a defined period — typically up to 50 years for non-Omanis, renewable. Usufruct is registered in the Land Registry and provides a legally secure basis for long-term occupation and investment in property without full freehold ownership.

Usufruct arrangements are used for:

  • Large-scale tourism development on government-owned land (OMRAN’s PPP model)
  • Commercial real estate for non-Omani investors
  • Industrial facility development in areas outside free zones

Residency through Property Purchase

Non-Omani ITC property owners and their immediate family members qualify for long-term residence visas (typically 10-year renewable visas). This benefit is significant for:

  • GCC and international high-net-worth individuals seeking a second home
  • Retirees seeking Gulf lifestyle with long-term residency security
  • Expatriate workers in Oman who wish to own rather than rent

The residency benefit has been a meaningful marketing tool for ITC developers — though the scale of foreign residential property investment remains modest relative to UAE’s much larger foreign buyer market.

Go Deeper

Access Lens 3 investment analysis for this priority, including FDI deal flow data and institutional positioning.

Unlock Layer 2 →