Oman ITCs are the Secure Gateway for Global Capital

This rule ensures that ITCs remain active communities rather than speculative land banks, maintaining the vibrancy and value of the entire development. If construction does not commence within the stipulated timeframe, the Ministry of Housing reserves the right to repurchase the land at the original purchase price or impose penalties. This regulation protects the overall development timeline and ensures that ITCs evolve as planned rather than becoming dormant land holdings.

Al Mouj is the gold standard—fully developed with marina, golf course, schools, shopping, and beach clubs. It offers maximum liquidity and proven rental demand. Muscat Bay appeals to ultra-luxury buyers with exclusive beachfront and hillside villas, a Kempinski resort, and stunning natural setting. AIDA represents the newest opportunity with Trump-branded golf, clifftop positioning, and strong off-plan appreciation potential. Other notable ITCs include Jebel Sifah (150km from Muscat, resort-focused), Muscat Hills (golf-adjacent, mid-market pricing), and Yiti (marina and water sports orientation). Each ITC has a distinct character and target demographic.

The Omani property purchase process can be handled entirely remotely for international buyers. The process involves: (1) Engaging a licensed Omani lawyer or property consultant, (2) Granting them Power of Attorney (which can be executed at an Omani embassy/consulate in your home country), (3) Transferring purchase funds to an Omani bank escrow account, (4) Your representative handles all paperwork including Ministry of Housing registration, (5) You receive your title deed electronically and via courier. Most reputable developers and property consultancies offer full remote purchase services for international clients. However, it is highly recommended to visit the property in person before committing.

Foreign property buyers can access financing from Omani banks including Bank Muscat, National Bank of Oman, HSBC Oman, and others. Typical mortgage terms for foreigners are: 60-70% loan-to-value ratio, interest rates of 4-5.5% (variable or fixed for initial periods), loan terms of 15-25 years, and the property must be located in an approved ITC. Requirements include proof of income, employment contracts, 6 months of bank statements, and valid residency or clear income source. Some developers also offer in-house financing or partnerships with preferred banks offering promotional rates during project launches.

One of the key advantages of ITC ownership is complete liquidity. Unlike some markets with foreign ownership restrictions on resale, Oman ITC properties can be sold at will to any qualifying buyer regardless of nationality. The sale process mirrors the purchase: both parties engage lawyers, agree on price and terms, funds are transferred, and ownership is updated at the Ministry of Housing (typically 1-2 weeks for registration). The seller pays a 3% real estate agent commission (if used) and the buyer pays the 3% stamp duty on resale transactions. There are no capital gains taxes for individuals, making Oman exceptionally tax-efficient for property investment exits.