Oman Opens Property Ownership to Foreign Buyers

Oman has introduced new property and residency reforms, allowing eligible foreign property owners to qualify for a sponsor-free residence permit.

The update makes property ownership more attractive for international buyers while expanding Oman’s long-term residency options.

What Has Changed?

Oman has opened its real estate market to foreign individuals, companies, and legal entities.

Foreign property owners can now apply for an Owner Residence Permit, which is:

• Valid for 6 months to 1 year
• Renewable
• Linked to continued property ownership
• Available without a local sponsor

Who Can Be Included?

The Owner Residence Permit may also include the property owner’s first-degree family members.

The permit remains valid as long as the applicant continues to own the qualifying property.

Is There a Minimum Investment?

The new Owner permit has no minimum investment threshold specified.

This makes it separate from Oman’s existing Investor Residency program, which still offers longer-term options:

• OMR 250,000, approximately US$650,000, for 5-year residency
• OMR 500,000, approximately US$1.3 million, for 10-year residency

Why This Matters

The reform gives foreign property buyers a more accessible route to residency in Oman.

It also positions Oman more competitively within the Gulf, where several countries are using real estate and residency reforms to attract global investors.

What Comes Next?

Further details are expected once the executive regulations are published.

These regulations should clarify the full scope of eligible properties, application requirements, and implementation procedures.