House Prices in Muscat

How Have House Prices in Muscat Changed Over the Last Five Years?

House prices in Muscat have undergone noticeable changes over the past five years due to various economic and social factors. In 2019, the average price per square meter ranged between 500 and 700 OMR in standard residential areas, while upscale areas witnessed prices exceeding 1,000 OMR per square meter. With the onset of 2020 and the impact of the COVID-19 pandemic, prices declined by approximately 10-15%, with some areas seeing prices drop to 450 OMR per square meter.

As the economy began to recover in 2022, prices started to gradually rise by 5-7% annually, reaching around 600-750 OMR per square meter in 2024 in regular residential areas and between 1,100-1,300 OMR in premium areas.

Average House Prices in Muscat in Omani Rial 2026

The average house prices in Muscat city for 2026 vary depending on several factors, including location, size, age of the property, and interior finishes. In common residential areas such as Al-Maabilah and Al-Khuwair, a house with 3 to 4 bedrooms typically costs between 80,000 and 120,000 OMR.

In upscale areas like Al-Khuwair and Bousher, similar houses range from 150,000 to 250,000 OMR. In coastal regions like Yiti and Al Mouj, prices can exceed 300,000 OMR, depending on the view and the property’s amenities.

Related: Exploring the Prices of Villas in Muscat.

Average House Prices in Muscat in USD 2026

For those who prefer dealing in USD, the average house prices in Muscat for 2026 range between approximately 207,000 and 312,000 USD in standard areas. In more upscale, premium, and seaside locations, the prices vary between 390,000 and 650,000 USD.

Luxury houses in prime coastal areas can go beyond 780,000 USD.

Cheapest House Prices in Muscat

For those seeking affordable houses in Muscat, several areas offer a variety of options:

• Al-Maabilah and Al-Khuwair: These areas offer a large selection of medium-sized houses starting from 50,000 OMR, with properties ranging from 150 square meters, priced between 350 and 400 OMR per square meter.
• Al-Mawaleh and Al-Mussanah: Located on the outskirts of Muscat, these areas provide more economical housing options compared to central city areas, with prices ranging between 60,000 and 90,000 OMR per house.
• Barka and Saham: Located slightly outside Muscat's limits, where houses can be found starting at 40,000 OMR, making them an attractive option for families looking for spacious homes at lower prices.

Related: Discovering the Cheapest Apartments prices in Muscat.

Where to Find the Best Houses for Sale in Muscat?

Muscat offers many excellent areas for buying houses, including:

• Al-Khuwair: A prestigious area known for its villas and luxury homes, strategically located near all essential services.
• Bousher: One of the most in-demand areas in Muscat, featuring modern amenities and a variety of houses in different sizes.
• Madinat Sultan Qaboos: A fully integrated area offering houses at moderate to high prices, ideal for family living.
• Yiti and Jebel Sifah: Coastal regions known for their breathtaking sea and mountain views, perfect for those seeking a peaceful lifestyle.
• Al Mouj and Al Mina: Modern residential communities providing luxury houses within integrated complexes, with direct sea views and a variety of recreational facilities.

Future Predictions for House Prices in Muscat

The future outlook for house prices in Muscat suggests a trend of stability with a moderate increase of about 3-5% annually over the next five years, influenced by factors such as:

• Rising Demand: With the growing population and increasing foreign investments in the real estate sector, the demand for houses in Muscat is expected to continue rising, contributing to a slight increase in prices.
• Infrastructure Projects: Ongoing government investments in developing infrastructure, transportation, and communication will enhance the attractiveness of new residential areas, potentially leading to an increase in house prices in those locations.
• Economic Stability: As the Omani economy recovers and financial conditions stabilize, these factors are likely to boost investor confidence in the real estate market, contributing to a gradual rise in house prices.

Own the Best Houses in Muscat with Imtilak Global

If you are looking to own the best houses in Muscat, Imtilak Global is your ideal partner. With its extensive experience in the Omani real estate market, Imtilak Global offers a diverse selection of houses in the best areas at competitive prices.

Through its specialized real estate team, Imtilak Global ensures a smooth process for purchasing the perfect house to meet your needs, whether you are searching for a family home, an investment property, or even a beachside house for a tranquil lifestyle. Book a free tour now to explore the best properties in Muscat with Imtilak Global.