Zen Residences
Zen Residences is a low-rise apartment project by Zen Development and Investment in Muscat Bay, the coastal community south of…
Projects in Muscat, Yiti, Muscat Bay, Jebel Sifah and Salalah. Freehold for any nationality, residence visa, zero income tax. Prices direct from the developer.
Zen Residences is a low-rise apartment project by Zen Development and Investment in Muscat Bay, the coastal community south of…
The Sustainable City – Yiti is a master-planned net-zero beachfront community on the bay of Yiti south of Muscat, developed…
Mandarin Oriental Residences Muscat by Eagle Hills are 156 branded homes in two waterfront towers on the Shatti Al Qurum…
LUMA Residences is a release of 240 freehold homes inside Muscat Bay, the 2.2 million m² coastal community in Bandar…
A Gulf market with freehold for foreigners, no income tax and prices still far below Dubai
In Integrated Tourism Complexes any nationality owns property outright, in their own name.
Property ownership in an ITC gives the owner and family a renewable Omani residence visa.
No personal income tax, no capital-gains tax, no property tax and no inheritance tax.
Coastal apartments from about USD 143,000 — a fraction of comparable Dubai waterfront stock.
Off-plan instalments go to a regulated escrow account and are released against construction milestones.
Direct flights from Europe, the CIS and Asia; a quiet, safe market with a growing tourism sector.
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Read articleYes. In Integrated Tourism Complexes (ITC) — such as Aida in Yiti, Muscat Bay, Jebel Sifah, Al Mouj and Hawana Salalah — citizens of any country buy freehold property in their own name and qualify for an owner's residence visa. Outside the ITCs, foreigners can also buy in designated freehold zones and approved projects, such as Sultan Haitham City and Wujha's Uptown and Central 7 in west Muscat; we confirm the title and residency terms of each project before you reserve.
Ownership in an ITC entitles the owner, spouse and children to an Omani residence visa, renewable for as long as the property is held.
On handover the buyer pays a registration fee of 3% of the property value. Oman has no personal income tax, no capital-gains tax on resale and no annual property tax.
Instalments go to a project escrow account under Omani law and are released to the developer against construction milestones, not on demand.
Most developers ask for 10–20% on booking, 60–80% in instalments during construction and the balance on handover, all interest-free. The exact split is fixed in the sales agreement for each project.
No. Prices on this site are the developer's prices; our service is paid by the developer, not the buyer.