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Oman signs OR 68mn agreements for integrated residential projects

13 Feb 2025

Muscat – The Ministry of Housing and Urban Planning has signed eight partnership and planning development agreements to implement integrated residential neighbourhoods across various governorates in Oman.

With an investment exceeding OR 68 million, the projects will span over 1.7 million square metres, aiming to provide diverse housing alternatives that ensure social stability and economic growth while enhancing the attractiveness of the real estate sector.

Four agreements focus on developing integrated residential neighbourhoods comprising over 1,300 housing units, equipped with modern facilities, commercial centres, entertainment spaces, and green areas to create sustainable and vibrant communities.

Key projects include:

  • Sur, South Sharqiyah: A 268,000 sqm neighbourhood with 407 residential units, developed by Zain Real Property Development Company (OR 22 million).
  • Sumail, Dakhliyah: A 137,000 sqm project with 194 housing units, led by Al Tamayuz Services Company (OR 9 million).
  • Izki, Dakhliyah: A 109,000 sqm development with 182 units by Alnama Real Estate Company (OR 11 million).
  • Buraimi: A 78,000 sqm project with 521 housing units, carried out by Bin Karam Modern Investment Company (OR 10 million).

Additionally, four agreements aim to provide more than 1,000 land plots with full infrastructure, including roads, water, and electricity networks. Notable projects include:

  • Liwa, North Batinah: A 592,000 sqm layout with 515 plots by Sohar Real Estate Development Company (OR 5.9 million).
  • Bahla, Dakhliyah: A 210,000 sqm layout with 172 plots by Alard Real Estate Development Company (OR 1 million).
  • Ibri, Dhahirah: A 220,000 sqm layout with 231 plots by Al Iftikhar National Trading Company (OR 1.4 million).
  • Bidiya, North Sharqiyah: A 110,000 sqm layout with 99 plots by Al Dhaham Real Estate Company (OR 5 million).

During the signing ceremony, the ministry also unveiled four new investment opportunities to develop additional integrated residential neighbourhoods across North Batinah, North Sharqiyah, Dhofar, and South Batinah, covering 1.28 million square metres.

These projects align with Oman’s broader vision of enhancing real estate investment and promoting sustainable urban development.

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