Around three quarters of the population live around the two main cities, Muscat and Salalah.
Since 2020, HM Sultan Haitham bin Tarik Al Said has been leading the country with a policy looking at diversification away from economic reliance on oil and gas, and greater integration of Omanis into the private sector. The real estate sector is included in this vision, opening up to foreign ownership in order to help attract companies, investors and workers.
Traditionally, you need a local sponsor to live and work in Oman. But now, there is a Foreign Capital Investment scheme where 100% foreign ownership is permitted for qualifying industry sectors. Also, foreigners can buy and own property more widely, not just in the traditionally more expensive but popular Integrated Tourism Complexes (ITCs) – and you can also invest in property to gain residency, ‘Investment Residency Program’ scheme. Fees, terms & conditions apply. This was launched by the Ministry of Commerce, Industry and Investment Promotion (MCIIP) and applies to property (or properties) when sold, the residency permit is removed.