In this article, we will talk to you about the conditions of real estate residency in the Sultanate of Oman, in addition to the most important information that you must know if you want to own property in the Sultanate of Oman in order to obtain residency, where we will talk first about real estate residency and the most important conditions necessary to obtain it, in addition to the advantages that characterize residency in Oman And the steps that must be followed, and at the end of our article we will answer the most common questions about residency in the Sultanate of Oman.
Real estate residence in the Sultanate of Oman
Real estate residency is one of the most important ways to obtain residency in the Sultanate of Oman, as it includes many advantages that the government provides to foreigners with the aim of attracting more investors and capital, and real estate residency is one of the most important means that are used to revitalize the economy and reach higher levels of well-being It also contributes to revitalizing the real estate market, and with these advantages, real estate residence is the ideal choice for foreigners to obtain residence, and it is necessary to know some important information and details and know the conditions for obtaining real estate residence in the Sultanate of Oman through our article.
Real estate residence conditions in the Sultanate of Oman
Those wishing to obtain residency through ownership in the Sultanate of Oman must fulfill the following conditions:
The age of the applicant for real estate residence is required to be at least 23 years old.
The owner has the right to benefit from the property for a period not exceeding 99 years.
The foreigner's ownership of the property must be intended for housing only.
Those wishing to obtain a real estate residency must apply and obtain an investor’s residency ID or an owner’s visa in the Sultanate of Oman.
The property must be located within the tourist complexes in the Sultanate of Oman.
The foreign buyer is required to buy a fully-constructed real estate and not a plan on papers or an incomplete real estate.
The building that includes the property must comply with the designs and plans developed by the Municipality of the Sultanate of Oman.
The age of the property must be at most 4 years, and it is calculated from the date of issuance of the building certificate.
One of the conditions for obtaining a real estate residence permit is that the purchased property is located in a building consisting of 4 floors or more, and that the housing unit consists of at least two rooms.
A specific value has been set for the property in order to enable the foreigner to obtain real estate residence through it, and the required price for foreigners to buy the property in the city of Muscat is estimated at 45 thousand Omani riyals or more, while in the rest of the cities of the Sultanate of Oman, the value of the property must be at least 35 thousand Omani riyals.
If the agreement is to buy the property by installments, the first payment must be at least 8% of the total property price, and the remainder of the price must be completed in several installments.
For the validity of real estate ownership by foreigners, it is required that less than 40% of the real estate units be sold to foreigners, but if the percentage of units sold to foreigners exceeds 40% of the property as a whole, then the contract is considered null and void, and the foreigner cannot own within this housing unit.
One of the basic conditions for foreign ownership in the Sultanate of Oman is that the number of owners of the same nationality does not exceed 20% of the entire property, as it must be a diversity of nationalities within the same property.
Advantages of real estate residence in Amman
The Jordanian government is keen to provide many advantages and facilities, through which it seeks to attract more investors to the Sultanate of Oman in order to support its economy and work to keep pace with development and advancement, so after we learned about the conditions of real estate residency in the Sultanate of Oman, it is necessary to see the features that encourage investment real estate in it:
The costs of real estate residence in the Sultanate of Oman are low when compared to the costs of residence in other Middle Eastern countries, especially the Gulf.
The Jordanian government allows foreigners to own property in the Sultanate of Oman and grants them the right to obtain permanent residence.
Foreigners are entitled to obtain permanent residency by owning a property with a value of at least 50 thousand Omani riyals.
Steps to obtain real estate residency in the Sultanate of Oman
If you decide to obtain residency in the Sultanate of Oman through real estate ownership, you must follow the following steps after making sure that all conditions for real estate residency in the Sultanate of Oman are fulfilled. These steps are:
First, a property must be purchased in the Sultanate, with a value of not less than OMR 50,000.
After purchasing the property, a residence permit application must be submitted to the Ministry of Interior in Oman.
Submit the documents and papers necessary to obtain residency, which are:
A passport provided it is valid.
Certificate of safety from infectious diseases from the Ministry of Health.
A certificate proving that there is no criminal record.