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WHY INVEST IN OMAN?
Oman is rapidly emerging as one of the most prominent commercial and cultural hubs in the MENA region. Favorable tax conditions and its strategic location as a transportation hub between the Middle East and Africa open countless opportunities for business. The country ranks in the top 5 safest countries globally according to the 2023 Numbeo rating.
100% ownership
Premium real estate
$ 130 000
Resident visa from
10 - 12% per year
Rental income
Up to 8% per year
Return on Investment (ROI)
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ABOUT THE COUNTRY
Oman is a small country in Southwest Asia, bordered by Saudi Arabia, the UAE, and Yemen. It has a coastline stretching over 1700 km. Here, Arab culture blends with high-class hotels and resorts. Currently, foreigners without residency permits can purchase property in designated zones called Integrated Tourism Complexes and in some areas of Muscat.
ABOUT THE COUNTRY
Oman is a small country in Southwest Asia, bordered by Saudi Arabia, the UAE, and Yemen. It has a coastline stretching over 1700 km. Here, Arab culture blends with high-class hotels and resorts. Currently, foreigners without residency permits can purchase property in designated zones called Integrated Tourism Complexes and in some areas of Muscat.
Population
4 million - native residents
3 million - foreign citizens
3 million - foreign citizens
Low inflation
0.8% in 2023
Volume of oil production
21st place in the world
The capital of Oman
Muscat
ADVANTAGES
-
RESIDENTIAL REAL ESTATE
The government actively attracts foreign investments by providing developers with favorable conditions for project development. During the first half of 2023, the total amount of real estate transactions in the Sultanate increased by 16.8% compared to 2022. - BOOM IN TOURISMIn the first 9 months of the year, Oman was visited by 295,000 tourists from Europe, which is 43% more than in 2022. Overall, during this period, the country welcomed 1.43 million guests, leading to a 10% increase in hotel occupancy and a 26.4% growth in hotel revenues.
-
HIGH YIELD
In Oman, rental yields are comparable to Dubai's, despite lower prices. Long-term rental yields range from 7-9%, while short-term rentals yield 10-12%. The Omani rial is pegged to the dollar, so investors need not worry about exchange rate fluctuations. - ECONOMIC GROWTHIn 2023, the oil sector of the economy grew by almost 3%. However, the GDP growth slowed down due to the oil industry. In these conditions, Oman plans to restructure the economy in favor of tourism and business.
- FOR INVESTORSBuying real estate, including making a 10% down payment, allows you to open an account with a local bank. The account is opened in rials and provides access to financial markets in Europe, the United States, the Middle East, and Asia.
- RESIDENT VISATo obtain residency for 2 years, you need to own real estate worth at least $130,000, for 5 years — at least $650,000, and for 10 years — at least $1,300,000. Oman does not have personal income tax.
THE SUSTAINABLE
CITY – YITI
CITY – YITI
Large-scale eco-project
The first phase of the resort project, adhering to environmental standards, is located on the coast of the Gulf of Oman. The complex includes studios, 1-3 bedroom apartments, 3-4 bedroom villas, and Nikki Beach branded residences.
The first phase of the resort project, adhering to environmental standards, is located on the coast of the Gulf of Oman. The complex includes studios, 1-3 bedroom apartments, 3-4 bedroom villas, and Nikki Beach branded residences.
- Area: 871,000 sq.m.
- Handover: 2025
- Starting from $143,000
- Payment plan: 30/70
- 100% renewable energy consumption
- 30 minutes to downtown Muscat
- 40 minutes to Muscat International Airport (MCT)
The Sustainable City – Yiti is the world's largest environmentally friendly community. It incorporates resource-saving technologies, relies on 100% renewable energy sources, implements systems for water collection and reuse, and provides charging stations for electric vehicles.
Internal infrastructure features a yacht marina, pools, sports facilities, cycling and jogging tracks, and an equestrian club. Residents enjoy direct access to a private beach. The city's historical center, ancient fortresses, and the Oman National Museum are a 30-minute drive away.
Internal infrastructure features a yacht marina, pools, sports facilities, cycling and jogging tracks, and an equestrian club. Residents enjoy direct access to a private beach. The city's historical center, ancient fortresses, and the Oman National Museum are a 30-minute drive away.
PROJECTS
DEVELOPMENT STRATEGY
FOR OMAN UNTIL 2040
FOR OMAN UNTIL 2040
According to Vision 2040, a conducive environment is being created to attract talent to the labor market and strengthen partnerships. Regional development is achieved through decentralization. Sustainable cities are built using modern IT infrastructure.
Vision 2040
Vision 2040
-
TOP 20
global competitiveness index - from 4 to 10%growth of foreign direct investment
-
2-3%
maintaining the inflation rate -
TOP 20
environmental efficiency index -
from 61 to 92%
increase the oil share in GDP -
From 67 to 70 years old
increase the average life expectancy -
by 90%
increase the growth rate of GDP per capita -
from 12 to 40%
Increase in private sector employment
DEVELOPMENT STRATEGY
FOR OMAN UNTIL 2040
FOR OMAN UNTIL 2040
According to Vision 2040, a conducive environment is being created to attract talent to the labor market and strengthen partnerships. Regional development is achieved through decentralization. Sustainable cities are built using modern IT infrastructure.
Vision 2040
Vision 2040
-
TOP 20
global competitiveness index - from 4 to 10%growth of foreign direct investment
-
2-3%
maintaining the inflation rate -
TOP 20
environmental efficiency index -
from 61 to 92%
increase the oil share in GDP -
From 67 to 70 years old
increase the average life expectancy -
by 90%
increase the growth rate of GDP per capita -
from 12 to 40%
Increase in private sector employment
PROJECTS ON THE MAP
Project expert
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© 1999-2024 Kalinka Ecosystem
© 1999-2024 Kalinka Ecosystem