Why now is the time to invest in Oman

Just a reminder, Oman is a neighboring country of the UAE, bordered by the Arabian Sea and the Gulf of Oman. Currently, there are two main cities in Oman where you can buy freehold property: the capital, Muscat, and the tropical city of Salalah.

Here are 7 reasons why Oman is similar to Dubai in 2010:

1. Oman has no personal income taxes, meaning all earnings from real estate remain with you.

2. Full property ownership rights have been granted to foreigners.

3. The process of obtaining residency and starting a business has been simplified.

4. A two-year residency is granted with the purchase of property at any price.

5. A one-time 5% tax applies when purchasing real estate.

6. Dozens of kilometers of undeveloped beachfront are now being prepared for development.

7. Tourism is expanding year-round.

Interestingly, the prices for oceanfront apartments within walking distance of the beach are on average 15-30% lower than comparable options in Dubai. There is clear potential for at least a 30-40% price increase during the construction process.