Oman Guide: Property

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  Introduction

  The property market in Oman

  In 2004, the government allowed foreigners to purchase Omani land in certain areas; however, the law was not ratified until 2006. Oman closely regulates where foreigners may buy, who can develop, and how fast developments are made. This has made the property market in Oman one of the most stable in the Middle East.

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  Estate agents

  Using an estate agent in Oman

  A good way to buy a property in Oman is through a real estate agent. They will be able to negotiate deals for you, especially if the seller speaks Arabic.

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  Developers

  Buying property from a developer

  There are many completed projects in Oman, but you may prefer to buy a property off-plan. In order to buy a property from a developer, you will first have to choose which of the designated areas you want to purchase in.

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  Financing your property

  Getting a mortgage in Oman

  The Central Bank of Oman strictly regulates the requirements for getting credit, and there are a lot of documents you must present to your bank. If you are already associated with an international bank such as HSBC, you may be able to avoid some of the paperwork.

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  Registration

  Registering your Oman property

  Registering your property is a relatively simple task, but it requires a bit of organisation. Both the buyer and the seller must be present at the registration, and you need to have your contact and property information on-hand.

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  Utilities

  Paying for electricity, water and gas

  The government grants a monopoly to utilities companies in a given area. Bills are not always correct, so you should keep track of your utilities metres. Additionally, you should keep track of your receipts and payments so that you do not get overcharged.

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