Investing in Oman. Is it the new alternative to Dubai?
No tax, lower prices, and high ROI. These are solid arguments in favor.
03.07.2026
Oman is the latest attractive destination on our investment map. It is not yet fully discovered, unlike Sharjah or Umm Al Quwain. It is not as crowded as Dubai, although here too you will find hubs for international business. This is a peaceful, authentic corner of the Arabian Peninsula and an intimate alternative to the hustle and bustle of Dubai. The real estate market in Oman is just entering a phase of dynamic growth – which, of course, means attractive prices and the potential for rental income!
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Investments in Oman are significantly more affordable than those in Dubai or Abu Dhabi, while the level of finish is comparable to the UAE. The Sultanate offers a stable economic environment, high standards, and a relaxed pace of life. The country is investing in the development of infrastructure, ports, airports, and the tourism sector. Sound interesting? If so, we should add that Oman also surprises with its nature, wonderful people, and attractive purchasing terms for investors.
Oman is increasingly being called the "new alternative to Dubai." ITC (Integrated Tourism Complex) projects play a key role in the market. These are special investment zones where foreigners can purchase properties on a freehold basis. It is in these locations that the most attractive apartments in Oman, luxury villas, and resort complexes are being built.
Purchasing a qualifying property in an ITC complex in Oman may allow a foreign owner to obtain a 2-year residency visa, renewable in accordance with the current program terms.
Investing in a qualifying property can also be one of the paths to obtaining a 10-year Golden Residency, provided the conditions of the current program are met.
Oman's tax system can be attractive to investors, but the way real estate is taxed depends on the type of transaction and the asset itself. Omani VAT regulations distinguish between, among other things, the first sale of residential property, its subsequent resale, commercial property, and rentals. For example, the first sale of residential property is subject to specific VAT treatment, while the resale of residential property is exempt from VAT. In turn, the sale and rental of commercial properties are generally subject to the standard VAT rate of 5%.
The capital of Oman is a natural economic hub and the most important market for investors. Muscat is a city that never fails to impress. On one hand, it boasts modern infrastructure that could rival the Emirates. On the other, it offers traditional architecture, mountains, and views of the Gulf of Oman. Investing in Muscat is a smart choice, whether for tourism and recreation or for securing and growing your capital.
Among the many interesting developments, those built by one of our partners, Orascom Development, stand out. Known for creating remarkable projects in the world's most beautiful corners, properties under this brand are designed to be attractive for vacation rentals while ensuring a high standard of living for the primary investor. Prime locations, lush greenery, modern design, user-focused layouts, and strong growth potential—these are just a few of the common denominators of the properties in Muscat developed by this company!
If Muscat is the economic heart, Salalah can be called Oman's most exotic region. Located in the south of the country, the city is famous for its unique climate. Most of us associate the Arabian Peninsula with desert or semi-desert terrain, but Salalah is different—it is full of green landscapes and beautiful, wide beaches.
During the monsoon season, known as khareef, the region transforms into a green oasis. You will find scenery here that is truly atypical for this part of the world. It is no wonder that apartments in Salalah are in high demand among both investors and tourists. The growing tourism sector also creates significant potential for the rental market.
One example of an investment in this region is Amazi Hawana Salalah – a project located within the Hawana Salalah complex, one of Oman's most recognizable coastal tourist destinations. This development is available in our portfolio and will certainly interest those looking for property surrounded by resort infrastructure, beaches, and tourist attractions.
Oman does not try to compete with Dubai in terms of skyscraper height or the pace of life. Instead, it offers something entirely different: authenticity, nature, stability, and peace.
For many investors, this is its greatest value. People are increasingly buying apartments in Oman in search of investment stability, an escape from the noise of metropolises, a second home by the ocean, or property in a country with a high quality of life.
The truth is, the story of investment in Oman is only just beginning. And for investors who can spot the potential before others, it can be an exceptionally rewarding investment journey. Let’s embark on this journey together – while Gregorek Real Estate isn't a travel agency, it’s definitely worth clicking to check out our map of properties in Oman!
Yes. Foreign investors can purchase qualifying properties within designated Integrated Tourism Complexes (ITC), where freehold ownership is permitted.
Purchasing a qualifying property in an ITC zone may allow a foreign owner to obtain a 2-year residency visa, which is renewable subject to current conditions. A property that meets the program's requirements can also be a pathway to obtaining a 10-year Golden Residency.
The choice of location depends on your investment goals. Muscat is the country's primary economic hub, while Salalah stands out for its tourism, expansive beaches, and unique climate during the khareef season. Before purchasing, it is worth analyzing the location, the nature of the property, and your intended use for it.
Oman's tax system distinguishes between property types and the nature of the transaction. VAT regulations provide different rules for, among others, the first sale of residential property, subsequent resales, commercial properties, and rentals. Therefore, for any specific investment, you should review the full structure of taxes and fees.
Oman can be an attractive destination for investors looking for an alternative to the more developed UAE markets. The country is actively developing its infrastructure, tourism, and real estate sectors, and the choice of a specific investment should depend primarily on the investor's goals, location, project standards, and the property's income potential.
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