While everyone is strictly focused on Dubai, global smart money is quietly shifting to a brand-new real estate haven. Oman’s property market has just triggered a massive tectonic shift.
Official data from the Ministry of Housing and Urban Planning (MoHUP) reveals that total real estate transactions in Oman have skyrocketed to a staggering $4.5 billion. Property sales alone surged by an incredible 15.7 percent.
But here is the real shocker: mortgage contract values didn’t just grow—they exploded by 22.3 percent! This vertical growth proves that international institutional capital and major banks are fully backing Oman’s long-term stability.
What is driving this sudden boom? It’s a perfect storm of relaxed foreign ownership laws, zero income taxes, and the launch of futuristic mega-projects like Sultan Haitham City and premium waterfront residential complexes.
The ultimate takeaway? Oman is no longer a sleeping giant—it’s a premier investment powerhouse. And that is exactly why, while everyone is strictly focused on Dubai.
Source: https://omannews.gov.om/topics/en/80/show/130690/ona