Muscat, Oman – In a landmark move for the Kingdom's property sector, the new Law of Real Estate Ownership by Non-Omans has officially come into effect as of January 22, 2026. This transformative legislation opens designated real estate markets to foreign individuals and corporations, marking a significant departure from previous restrictions.
What This Means for Investors
The law allows non-Oman nationals and foreign entities to acquire real estate rights—including ownership and usufruct (long-term lease)—within specifically designated areas of the Kingdom. This includes residential, commercial, and agricultural properties, subject to the regulations outlined by the Real Estate General Authority (REGA).
Key Provisions:
- Broader Access: Foreigners can now own property in Muscat, Salalah, and other major economic hubs.
- Makkah & Madinah: Special provisions allow for usufruct rights (up to 99 years) within the holy cities, opening opportunities for hospitality and residential projects.
- Simplification: The process is streamlined through a digital portal, reducing bureaucracy and approval times.
Strategic Impact
This reform is expected to inject billions into the Oman real estate market, driving demand for high-quality residential and commercial developments. It aligns perfectly with Vision 2040's Quality of Life program, attracting global talent to live and work in the Kingdom long-term.
"This is not just about selling property; it's about inviting the world to call Oman home. It creates a more permanent, invested expatriate community," noted a senior analyst at Muscat Real Estate Investment.
Next Steps
Investors interested in acquiring property should consult with legal experts to understand the specific zoning regulations and eligibility criteria for different regions.