Residency in Oman through the purchase of property

Introduction

It is possible for foreigners to stay in Oman permanently and under special conditions. One of the popular ways to obtain residency in this country is to buy property. In this article, we will examine in detail the conditions and benefits of obtaining residency in Oman through the purchase of property. We also introduce suitable areas for foreigners to buy property in Oman.

Conditions for obtaining residency in Oman through the purchase of property

Obtaining residency in Oman through the purchase of property has recently been added to the country’s laws. However, it is necessary to pay attention to the specific conditions and existing restrictions. Foreign nationals are only allowed to buy property in areas designated by the Omani government. These areas are mainly touristic and have very good facilities. The validity period of residence is the period that the property is in the possession of the person, and after its expiration, the residence also expires. It is important to remember that this residency does not lead to obtaining Omani citizenship or permanent residency.

Advantages of buying property in Oman

One of the advantages of buying property in Oman is the absence of real estate mortgages. In fact, property buyers in this country do not need to pay a mortgage and only have to pay the monthly rent of the property. This is considered as a great opportunity to invest in Oman real estate. Buying property in Oman can provide you with a stable source of foreign exchange income.

Necessary documents to obtain residency in Oman through property purchase

To obtain residency in Oman through the purchase of property, you must prepare the necessary documents. These documents include the following:

Valid passport photo
Marriage certificate image (if applicable)
Photo of family members’ identity documents
The photo of the birth certificate of the applicant’s father
Certificate of employment status of the applicant
Valid legal certificate about the applicant’s social status
Property purchase declaration
Image of property seller’s identification documents
Designated areas to buy property in Oman

The Omani government has designated certain areas for foreign nationals to purchase property. These areas are often in tourist areas and have access to public and recreational facilities. Below are some of these areas:

1. Wave area

Al-Moj beach area is considered one of the best options for obtaining residency in Oman through property purchase. This area is the hub of water sports in Muscat and includes modern buildings, luxury hotels and luxury restaurants. Also, this area has beach resorts and beautiful green spaces. The price of real estate in Al-Moj area of Muscat starts from 100,000 Omani Rials.

2. Muscat region B

Muscat Bay is located near Saria Jisha Port in Muscat Bay. This area is also being developed and private properties, hotels and residential complexes are being built. The price of real estate in this area starts from about 80 thousand Omani rials.

3. Muscat Hills area

Muscat Hills is one of the best areas of Muscat to buy property. This area has many amenities and entertainment facilities. The price of real estate in this area starts from 60 thousand Oman Rials.

Conclusion

Obtaining residency in Oman through the purchase of property is a very attractive opportunity for foreigners. This investment method can provide you with stable foreign exchange income and provides excellent facilities in the areas designated by the Oman government.

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