FAQ

Yes, foreigners can purchase property in designated areas known as Integrated Tourism Complexes (ITC). Buying a property in these areas often comes with additional benefits, such as eligibility for a residency visa.

In addition to the purchase price, buyers must pay a 3% registration fee based on the property’s value, as well as notary fees. Additional costs may include real estate agency fees and potential capital gains taxes upon resale.

Yes, both local and international banks offer mortgage loans for foreigners interested in buying property in Oman. The terms depend on the bank’s policies and the applicant’s financial situation.

Oman offers political and economic stability, a growing real estate market, and attractive returns on investment. Investors may also benefit from favorable tax policies and the possibility of obtaining a residency visa.

Yes, property owners can legally rent out their properties. The rental market in Oman is well-developed, with high demand, especially in ITC areas.

The process includes signing a preliminary contract, paying a deposit, obtaining necessary approvals, and finalizing the transaction before a notary. It is recommended to seek legal assistance from a real estate lawyer in Oman.

Foreigners can sell their property without major restrictions, but the sale must comply with legal regulations, and any profits may be subject to taxation.

Maintenance costs include utility bills, repair and maintenance expenses, and possible community fees for properties in residential complexes. The costs vary depending on the location and standard of the property.

While property insurance is not mandatory, it is highly recommended to protect against potential damages or losses.

PlanoGroup provides comprehensive services, including expert real estate advice, negotiation support, legal assistance, and handling all formalities related to the purchase. Our experienced team ensures a smooth and hassle-free transaction.