Legal Framework Governing Foreign Ownership in Oman’s ITCs

Oman's regulations governing real estate ownership within Integrated Tourism Complexes (ITCs) permit both local and foreign entities to acquire property. The framework, established by Royal Decree No. 12/2006 and its subsequent amendments, allows Omani and non-Omani individuals or companies to own built units or plots for residential or investment purposes.

“

Omani and non-Omani individuals or companies may own built units or plots designated for construction or exploitation in an ITC for residential or investment purposes.

However, specific restrictions are in place, particularly in the Musandam governorate. Here, non-Omanis are limited to owning already-built units through a usufruct arrangement, valid for a maximum of 99 years. Furthermore, the Ministerial Committee for Tourism can designate specific sites for integrated tourism complex status where ownership is restricted exclusively to Omanis, based on public interest.

“

in Musandam, non-Omanis are limited to acquiring already-built units under a usufruct arrangement for a period not exceeding 99 years.

Owners of registered plots are required to complete construction or utilize the land for its intended purpose within four years of registration. An extension of up to two years may be granted upon application and sufficient justification. Prior to completion, owners cannot sell or dispose of the plot, though it can be mortgaged to finance construction.

“

an owner who registers a plot in their name must complete construction, or put the land to its intended use, within four years of registration.

Ownership in ITCs also offers residency benefits. Non-Omani owners of completed units can obtain renewable residency for themselves and their immediate family members. Those owning undeveloped plots receive a multi-entry investor visa, renewable every two years until construction is finalized.

“

Ownership also carries residency benefits. A non-Omani who owns a completed unit may obtain renewable residency for himself and his first-degree relatives.