Wednesday, July 06
11:49 AM

Non-Omanis can now own real estate in Oman: Ministry


Ministry decision allows expatriates to own one property outside the places licensed for non-Omanis

Muscat – H E Dr Khalfan bin Said al Shu’aili, Minister of Housing and Urban Planning (MoHUP), issued a ministerial decision on Wednesday allowing non-Omani investors to own housing units in the sultanate.

‘Non-Omani investors wishing to obtain a First-Class residence card can request a certificate from the Real Estate Registry Secretariat after proving that he/she purchased one or more housing units of a total value of no less than RO500,000. For a Second-Class residence card, the value of the property has to be no less than RS250,000,’ a press statement from MoHUP said.

The housing units must be in places licensed for ownership by non-Omanis.

The decision added that a non-Omani investor with a First-Class residence card has the right to own one property for residential, commercial or industrial use outside the places licensed for non-Omanis to own, which can be transferred to others without prejudice to the law prohibiting non-Omanis from owning land and real estate in places specified in Royal Decree 29/2018 and the Executive Regulations issued pursuant to Ministerial Resolution 292/2020.

Places where non-Omanis are prohibited ownership include the governorates of Musandam, Buraimi, Dhahirah, Al Wusta and Dhofar (except for the wilayat of Salalah), and the wilayats of Liwa, Shinas, Masirah, Jabal Akhdar and Jabal Shams, and any other mountainous area of strategic importance as determined by the competent authorities.

Non-Omanis are also prohibited ownership on islands, sites near palaces, security and military installations, as well as archaeological and old heritage sites.

The decision does not include land and real estate located in integrated tourism complexes (ITC) in all governorates of the sultanate.

It is in line with previous decisions including one related to regulations on sale of residential real estate units using usufruct contracts in multi-storey residential and commercial buildings, the ownership system in integrated tourist complexes, and the system of ownership in Gulf countries outside prohibited places.

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