House Prices in Oman

How Have House Prices in Oman Changed in the Last Five Years?

House prices in Oman have experienced various changes over the past five years. In 2019, prices ranged between 500 to 800 Omani Riyals per square meter in modern residential areas. With the onset of the COVID-19 pandemic in 2020, prices saw a decline of up to 10% in some regions due to decreased economic activity and uncertainty in the real estate market.

In 2021, the market began to recover, with house prices experiencing a modest increase of 3% to 5% as a result of rising demand and improved economic conditions. By 2023, prices had reached levels ranging between 600 to 900 Omani Riyals per square meter, varying by location and building type.

Average House Prices in Oman in Omani Riyals (2026)

The average house prices in Oman vary according to location, size, and finishing quality. In 2024, more detailed insights into the prices are as follows:

• Muscat: Prices range from 80,000 to 200,000 Omani Riyals, with the cost per square meter in upscale areas like Bousher and Al Ghubrah ranging between 800 and 1,000 Omani Riyals.
• Salalah: House prices range from 60,000 to 150,000 Omani Riyals, with an average cost per square meter between 500 and 700 Omani Riyals.
• Sohar: Prices remain relatively stable, ranging from 50,000 to 120,000 Omani Riyals, and the cost per square meter is approximately 400 to 600 Omani Riyals.
• Rural Areas: In less developed areas like Al Dakhiliyah and Al Buraimi, prices range from 30,000 to 70,000 Omani Riyals, with a cost per square meter of less than 400 Omani Riyals.

Average House Prices in Oman in US Dollars (2026)

Based on the average exchange rate (1 Omani Riyal = 2.6 USD), the average house prices in Oman in US Dollars are as follows:

• Muscat: Prices range from 208,000 to 520,000 USD, with the cost per square meter ranging from 2,080 to 2,600 USD in upscale areas.
• Salalah: Prices range from 156,000 to 390,000 USD, with the average cost per square meter ranging between 1,300 and 1,820 USD.
• Sohar: House prices range from 130,000 to 312,000 USD, and the cost per square meter ranges between 1,040 and 1,560 USD.
• Rural Areas: Prices range from 78,000 to 182,000 USD, with the cost per square meter being less than 1,040 USD.

The Cheapest House Prices in Oman

For those looking to buy houses at lower prices, consider the following areas:

• Rural Areas: Regions such as Al Dakhiliyah, Al Buraimi, and South Al Sharqiyah offer small homes starting from 20,000 Omani Riyals (approximately 52,000 USD). The cost per square meter in these areas may not exceed 300 Omani Riyals (around 780 USD), making them an affordable option.
• Outskirts of Major Cities: In cities like Muscat and Salalah, some areas on the outskirts offer houses at lower prices. In these areas, house prices can start from 40,000 Omani Riyals (approximately 104,000 USD).

Where Can I Find the Best Houses for Sale in Oman?

The best houses in Oman can be found in the following areas:

• Muscat:
  • Bousher: A vibrant area featuring numerous modern residential complexes.
  • Seeb: A growing area with new residential projects.
  • Al Ghubrah: An upscale area offering luxurious houses and a comfortable living atmosphere.
• Salalah:
  • New Salalah: Known for its modern houses and prime location.
  • Awqad District: A diverse residential area with mid-range prices.
• Sohar:
  • Al Tariff: An area experiencing continuous development, featuring a range of new homes.
  • Al Hadh: Offers affordable housing options for those on a budget.

Future House Price Expectations in Oman

House prices in Oman are expected to continue growing in the coming years. The real estate market is anticipated to expand by 5% to 8% annually due to:

• Economic Development: With ongoing development plans and government investments in infrastructure, demand for residential properties is expected to rise.
• Investment Incentives: Government initiatives to attract foreign investors through facilitating real estate ownership.
• New Real Estate Projects: Upcoming residential projects will contribute to an increase in demand and stabilize prices. It is expected that the cost per square meter in some upscale areas like Bousher and Al Ghubrah will reach between 1,200 and 1,500 Omani Riyals in the next two years.

Own the Best Houses in Oman with Imtilak Global

If you are looking for your dream house in Oman, Imtilak Global is your ideal destination. We offer a wide range of real estate options, from luxurious houses in the heart of Muscat to tranquil homes in rural areas. Our team possesses extensive experience in the Omani real estate market, allowing us to provide the best offers tailored to all needs and budgets.

Contact Imtilak Global today to book your free real estate tour and explore the best options in Oman. Enjoy specialized advisory services that guarantee you a successful and secure home-buying experience.