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Oman is going all-in on diversifying away from oil. Tourism and real estate are two of six priority sectors. What this concretely means for foreign buyers in Muscat and Salalah.
Two ITC projects, two completely different stories. A sober comparison on climate, accessibility, rental season and price per square metre.
Buying an apartment of $198,000 / €180,000 without a mortgage in the Netherlands? It can be done, provided you understand how developer payment plans are structured. A worked example.
Brochures cite 8 to 11 percent. Reality is more nuanced. A look at occupancy, service charges and what you actually keep after property management.
Foreigners may own real estate in Oman only within ITC zones, in full ownership (freehold). What that means for your rights, residency, and exit.