The Growing Appeal of Luxury Property Investment in Oman

Oman's high-end residential property market was USD 1.2 billion in 2024 and will likely reach USD 2.0 billion by 2032, growing at a wholesome CAGR of 6.8% from 2026 to 2032. One of the main reasons for this growth is Oman opening its real estate market to foreign investors. We at DarGlobal are leading the transformation with our iconic projects like The Great Escape, Marriott Residences, and Trump Cliff Villas. These real estate developments offer striking architecture, next-gen amenities, and high-yield investment opportunities for everyone in the country and outside it. Still confused? Let's see why you should invest in the Oman luxury real estate market!

Overview of the Luxury Real Estate Market in Oman

The latest statistics indicated both local demand and increased foreign investment in Oman. Government-sponsored reforms, foreign-standard infrastructure, and luxury lifestyle options designed specifically for global citizens facilitate much of this expansion.

According to Oman's Ministry of Housing and Urban Planning, luxury real estate deals are dominated by the capital city, Muscat, followed by integrated tourism complexes (ITCs) such as Al Mouj and Yiti. These are where Oman luxury real estate thrives, with sales setting records and increased rental yields.

Why is Oman Attracting High-End Property Investors?

Oman is on its way to changing the way we buy and invest in real estate in the Middle East region, and there are many reasons for Oman's luxury real estate investment boom, like:

1. 100% Foreign Ownership 

One of the largest game-changers when purchasing property in Oman for expats is the provision for 100% foreign ownership in special areas referred to as Integrated Tourism Complexes (ITCs). Unlike most GCC countries, Oman has strategically identified places such as Al Mouj and Yiti where foreign nationals can buy freehold properties.

2. Residency-by-Investment Scheme 

Oman’s Residency-by-Investment scheme makes property investment easy. It offers 5-year visas for investments of OMR 250,000+ and 10-year visas for investments of OMR 500,000+, respectively. This scheme offers secure accommodation and hugely boosts the attractiveness of purchasing property in Oman.

3. Tax-Free Incentives

One of the biggest magnets for foreign investors is Oman's tax-friendly status, as there is no personal income tax, capital gains tax, or property tax on residential properties. Furthermore, with no inheritance tax and rigorous legal protection of foreign ownership, Oman offers a low-risk, high-reward environment for property investment.

4. High-End Projects

We at DarGlobal are developing ultra-premium and luxury master projects that balance opulence with tranquility. Our projects, like The Trump Cliff Villas and Marriott Residences, are associated with internationally well-known and reputed brands, which tend to drive up property valuations and long-term rental yields.

5. Strategic Location 

One of the things that elevates global interest in Oman luxury real estate investment is its strategic geographic location, which is at the intersection of Asia, Africa, and the Middle East. Also, well-linked ports, international airports, and roadways make the country a center for trade and tourism.

Top Locations for Luxury Property Investment in Oman

Still, wondering what are the top locations in Oman to invest in today? Do not worry! Here, we have mentioned some of the prime locations that offer unmatched luxury and are ideal for expats and nationals to buy property in Oman.

1. Muscat

Muscat, Oman's capital, remains one of the most desirable destinations for luxury real estate investors. The city has everything you need, from old-world mystique architecture to ultra-luxury amenities and social class. Shatti Al Qurum and Al Khuwair are famous for their high-end residential apartments and their proximity to international schools, embassies, and the Royal Opera House.

2. Al Mouj (The Wave)

Al Mouj, or "The Wave," is a world-class ITC that embodies Oman luxury real estate. Built in association with the Oman government, this seafront destination boasts luxury villas, townhouses, and apartments designed with an international touch. From the Al Mouj Golf course to the luxury Kempinski Hotel and Marina, all of this development shouts high-end living. The quality of life and exclusivity provided here makes it perfect for foreign investment.

3. Yiti & Yenkit

The Yiti and Yenkit areas are being transformed with a billion-dollar development driven by Oman Tourism Development Company (OMRAN) in collaboration with DarGlobal. AIDA Oman, one of DarGlobal's flagship developments, is setting new standards for coastal luxury living. The development will provide cliff-top villas, luxury resorts, and commercial promenades. Upon completion, Yiti & Yenkit will be Oman's response to upmarket coastal villages such as Amalfi and Saint-Tropez.

Legal Considerations for Expats Buying Property in Oman

For expatriates, the process of buying property in Oman in Oman is simplified but controlled. Foreigners may buy property within specified ITCs only and must have it registered with the Ministry of Housing and Urban Planning.

Purchasers are awarded freehold ownership, and with this comes a bundle of related rights such as family visas and access to nearby services. Nevertheless, it is advisable to carry out due diligence, preferably through an authorized real estate agent or legal advisor. Moreover, the contracts must be notarized and all charges (usually 3-5% of the price of the property) must be clearly recorded. If these legal conditions are observed, the transaction is smooth and investor-friendly.

Market Trends and Investment Opportunities in Oman

The growing demand for upscale properties indicates strong potential in Oman property investment with promising long-term financial returns.

Growing Demand for Waterfront Homes and Luxury Villas

There is growing demand for luxury villas and waterfront homes, especially from GCC investors and European buyers looking for picturesque, low-density settings. Coastal properties, including those in AIDA Oman or Al Mouj, are commanding premium values and provide high rental returns during tourist season.

Growing Tourism Fuelling Rental Yields

Oman's tourism industry has been expanding steadily, as more than 3.5 million tourists were recorded in 2024 and the government is planning to double this number by 2027. Luxury resorts, adventure tourism, and heritage holidays are attracting high-spending visitors throughout the year.

Infrastructure Developments Enhancing Real Estate Value

Oman is making massive investments in infrastructure, new expressways, airports, and public transport networks are being built to facilitate tourism and real estate development. Initiatives such as the Muscat Metro and airport expansion are improving urban and suburban accessibility.

Future Outlook for Luxury Real Estate in Oman

Oman luxury real estate appears promising, with Vision 2040 driving high-end development and foreign investor interest.

1. Robust Growth Expected Under Vision 2040

Vision 2040 under Oman looks to diversify the economy and increase foreign direct investment. Government incentives and collaborations with global developers imply that the luxury property market will continue to be bullish for the foreseeable future.

2. Growth of High-End Coastal Developments

Coastal destinations such as Yiti, Duqm, and Salalah are being prepped for ultra-luxury resorts and villa communities. This expansion provides an early-entry benefit to investors prepared to use these picturesque but nascent locations.

3. Residency-Linked Investment Incentives

To further encourage investment in Oman, the government will most likely extend residency-linked incentives. These may include more relaxed visa conditions, simpler family sponsorships, and even business establishment options linked to property investment.

Conclusion

Oman is making daring and calculated strides to welcome international citizens and expats on its beaches. From law reforms to high-end development-driven projects, the Sultanate is staking its claim as a top Oman property investment destination.

DarGlobal is honoured to be leading this change with our legendary projects such as The Great Escape 1, The Marriott Residences, The Trump International Hotel & Trump Cliff Villas, Rizz Villas, and Coastal Investment Villas among others. Ready to Invest in a New Level of Luxury? Discover our high-end projects today and get your piece of paradise in Oman.