Where to Buy in Oman
Jan 14, 2022
A place filled with history and culture, Oman is a great place to buy property. In comparison to other Middle Eastern locations, it boasts a more relaxed outlook and cheaper real estate market. It also has a significant expatriate community, which is certainly an added bonus for anyone thinking of switching their homeland for an Omani lifestyle.
There are many things to consider when purchasing a property, whether you’re relocating entirely or looking for a second home. To help make the process a little easier, has come up with this guide to buying property in Oman. From the culture and economy to the climate and best locations to consider, we’ve covered it all. Keep reading to find out more about this popular part of the world and the many different regions you could choose to call home.
Why choose Oman?
Choosing where to buy property will be much easier if you’re familiar with the location you have in mind. Each different region within Oman has its own attractive qualities and unique selling points, meaning it is well-suited to a wide variety of people, but you also need to ensure that Oman itself is right for you too.
Fusing modernity with ancient traditions in all aspects of life, Oman is now considered a high-income economy and yet is cheaper and more liberal than many of its neighbours.
It is often characterised as a gentle introduction to the Middle East, as it is one of the safest and most peaceful places in the region. It has been referred to as the Switzerland of the Middle East for its neutral foreign policy. According to the Global Peace Index 2021, Oman is ranked the 73rd most peaceful country in the world.
Here’s a quick overview of what else Oman has to offer.
Located at the most south-easterly point of the Arabic Peninsula, Oman is one of the hottest places in the world, with temperatures averaging around 30℃ to 40℃ in northern Oman and 20℃ to 30℃ in southern regions.
It is also home to many endangered mammal, bird and plant species and has been tipped one of the new hotspots for whale watching, so it’s a great choice for those who enjoy nature and wildlife.
Oman has an extensive and varied culture, with a wide range of influences. Just over half the population are Omani nationals - the rest are expatriates, particularly in the capital city of Muscat.
Live music, dancing and poetry all play a big part in the country’s diverse entertainment sector, while football and tennis are the main sports of interest.
Public transport is fairly unreliable in Oman, so you might need a car. Although this is an expense you may not have accounted for, bear in mind that fuel is cheaper in Oman than in Western countries and the cost of living is low.
Oman is strategically situated along the East-West trading routes so has easy access to markets in the Middle East, Southeast Asia, India, Africa and Europe. The main sources of trade and income are oil, agriculture, fishing and tourism, although leaders are looking to shift towards logistics and manufacturing too.
Tourism plays an important role in Oman’s economic climate. With a coastline of over 3,000 kilometres, it was named the ‘Arab Tourism Capital’ of 2012 and projected the strongest global growth rate in the tourism sector in the years that followed.
Oman’s housing market
Oman has recently introduced reforms that make it easier for foreigners and expatriates to buy property in the country.
These reforms first allowed non-nationals to purchase property in specified areas, most of which are known as Integrated Tourism Complexes. However, there are plans to broaden the scope of this by allocating special zones for non-tourist properties, which will likely be more reasonably priced than the tourist complexes.
Thanks in part to these new regulations, Oman is now experiencing a housing market boom, making it a great time to buy!
Places to consider
Many people looking to invest in property in Oman choose to do so in Muscat’s numerous developments. While there will likely be cheaper properties in other regions of Oman, Muscat has much to offer - including better accessibility and transport links - and will suit any lifestyle. Here are some of the main areas you’ll want to consider if you’re planning to buy a property in Oman - keep reading for a brief breakdown of what you can expect from each.
Muscat Bay is home to one of Oman’s ITCs and is just 30 minutes outside Muscat itself. This makes it a great option for people working in the city who still want to enjoy the peace and quiet of the coastal countryside. It is nestled between two cliffs overlooking the Gulf of Oman - the views are astonishing. There are plenty of hiking spots and coastal destinations nearby that will allow you to fully enjoy what the country’s landscape has to offer.
The resort comprises three residential zones, with one and two-bedroom residences, three and four-bedroom villas, and five-bedroom Grand Hilltop Villas. They are designed with local heritage and connection to the environment in mind. Muscat Bay promises resort-style living in an exceptional setting.
Al Mouj (The Wave)
Formerly known as The Wave, Al Mouj is the premier ITC in Oman. It is located right next to the international airport in Muscat and boasts a lovely marina, a golf course, a private beach, restaurants, and many kids play areas. The area is very popular among both locals and foreigners - there is a large expatriate community.
It’s a liquid market, so buying and selling are fairly straightforward and stress-free. It’s one of the best areas to invest in, and the properties available vary in size and style - from studio apartments and garden suites to penthouses and family homes - so there will be something for everyone. Prices can vary considerably depending on the type of property, but they are often fairly affordable and have good value for money.
Al Mouj is an ideal location for both families and couples, as there is plenty to do within the development and surrounding areas. Whether you’re looking for a safe community for all the family or an exciting lifestyle consisting of everything from fine dining to sailing, Al Mouj could be the perfect place.
Shati Al Qurum
As one of Oman’s most upmarket locations, Shati Al Qurum has a lot to offer. The cost of properties tends to start at around 85,000 OMR (£167,000), though prices do vary considerably regardless of size or style. While property prices might be higher, you certainly do get a lot for your money.
With the Sabco Centre, Al Qurum Complex and Jawharat At Shatti complex nearby, this area is a great choice for those who love to shop. The area offers a variety of chic cafes and restaurants and the nightlife is thriving - the Royal Opera House is definitely worth a visit.
For those who enjoy nature, the Al Qurum National Park is located nearby and boasts stunning flower gardens, a tranquil lake and even a theme park. The beach is also just a short walk away, and the area offers many different watersports activities such as snorkelling, scuba diving, and jetskiing.
There are a variety of housing options on offer in Shati Al Qurum, with flats, villas and larger homes to choose from. Many of the properties have a Greek coastal town feel, with their whitewashed exteriors and splashes of blue dotted along the area’s tree-lined streets.
A little more remote, Jebel Sifah is about an hour outside Muscat - the journey is incredibly scenic, though it might be a little long for a daily commute. The development took a while to get off the ground but is now one of Oman’s most successful.
Positioned alongside a stunning beach, Jebel Sifah is home to a thriving beach bar, a high-quality golf course and an idyllic marina. The development offers both long and short term rentals, which is useful for those using it as a second home, but many expatriates decide to buy property there - there is a significant number of long term ex-pats living in Jebel Sifah.
Despite being one of Oman’s most popular locations, Jebel Sifah’s properties are surprisingly cheap, which makes it an even more attractive option. Studios on or near the golf course can be priced as low as OMR 45,000, which is around £88,516 or €103,592.
There are a huge variety of stunning locations in Oman, so you can be sure to find something that suits your requirements. If you want to experience the relaxed cultural atmosphere, cheaper property prices - in comparison to other Middle East locations - growing economy, wildlife and hot climate of Oman, begin your property search today.