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   Investment

 

Ownership opportunities
Non-Omanis (exclusive of GCC Nationals) are allowed to own the following types of real estate in the integrated tourism complexes approved by the government in the different governorates and regions of the Sultanate:

1. Built real estate whether villa, apartment or shop.
2. Reclaimed plots

Conditions of ownership
Individuals and companies who are granted land according to the law of the Organization of the Usufruct of the Sultanate’s land and wish to establish an integrated tourism project can sell built units or land after obtaining the permission from Ministry of Tourism and after paying 10% of value of the built units or 20% of the value of the land to the Ministry of Housing, Electricity and Water.

Land bought in integrated tourism projects should be built within a period of 4 years from the date of registration . This period can be extended for a further 2 years if compelling reasons have caused the delay. However the buyer cannot dispense of the land before the elapse of the above mentioned period.


 
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