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Real Estate in Muscat

Last activity 28 May 2014 by jacobjoy

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Samerjo

Hey Guys,
I know this is an old, unsolved topic. But I need to learn of the experiences of other fellow expats around here.
How would we find a way to stop wasting so much money on rents. I pay for my rent a lot, and I wish there is a way to invest this money in a property, so that when I leave the country, my losses are minimized.
I know some one would say "buy in an ITC (like the Wave)" but come on...that's way too expensive, unless you convince me that it works :)
Please share your thoughts.
Samer

Sumitran

The Omani law states that expatriates are not permitted to own property in the Sultanate, unless it is located inside an Integrated Tourist Complex (ITC).

This leaves the majority of the expatriates to settle for rented residences only.

Straight and simple, there is no other option available.

schaz

I understand that "Muscat Hills" is also an ITC based property. Correct me if I'm wrong!

jacobjoy

You can have consultation with better homes they can find a good one.. might be bit expensive though

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