Expats allowed to own flats, offices in parts of Muscat

  • Date: 19-Oct-2020
  • Source: Times of Oman
  • Sector:Real Estate
  • Country:Oman
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Expats allowed to own flats, offices in parts of Muscat

Muscat: Expats who have stayed in Oman for at least two years are now allowed to own flats and offices in Muscat, the Ministry of Housing and Urban Planning has said.This was made possible due to a ministerial resolution, easing controls on selling residential real-estate units, and for lands allocated towards residential and commercial uses in some parts of the capital region.“This decision targets those whose have stayed in the Sultanate for not less than two years, while submitting an usufruct application,” said a statement from the Ministry of Housing and Urban Planning. “Specifications of the usufruct multi-storey residential and commercial buildings will be within the specified sites for sale, and licensed by the Ministry of Housing and Urban Planning after completion of the allocation and construction of the project.The