Real Estate Boom in the Sultanate of Oman: Launch of the Real Estate Exhibition and Signing of Agreements Worth Billions of Rials

The real estate sector in the Sultanate of Oman has witnessed remarkable growth in recent days, driven by the launch of the 21st edition of the Oman Real Estate, Design, and Construction Exhibition and Conference 2026 in Muscat. This prominent event resulted in the announcement of a package of distinctive investment projects and agreements, heralding a promising future for the market.

Key Real Estate Developments

• Oman Real Estate Exhibition and Conference 2026: A successful launch witnessed the signing of 5 agreements to develop integrated residential neighborhoods worth over 123 million Omani rials, to provide 2,167 housing units within the "Sorouh" initiative.
• Investments in Sultan Haitham City: Signing of a partnership and development agreement for residential neighborhoods (3, 15, and 17) in Sultan Haitham City with Retal for Real Estate Development (Saudi Arabia), covering an area of more than 640,000 square meters and an investment value exceeding 320 million Omani rials.
• Mixed-Use Project in Khazaen City: Signing of an investment agreement between Khazaen Economic City and "Al Dar Al Arabia for Real Estate Development" worth 18 million Omani rials to develop a mixed-use project on a freehold basis, with an area of 14,000 square meters, including commercial outlets, offices, and residential apartments.
• "Mesteer Heights" Project in Al Jabal Al Akhdar: Unveiling of a luxurious tourism real estate project by "Mesteer" (a subsidiary of Mohammed Al Barwani Group), with investments reaching 300 million Omani rials, as part of the master plan for the "Al Jabal Al Aali" project.

Details

At the heart of these developments is the Oman Real Estate, Design, and Construction Exhibition and Conference 2026, which not only served as an interactive platform to explore projects but also as a venue for signing strategic agreements. Five agreements were concluded to develop integrated residential neighborhoods in several governorates, with investments exceeding 123 million Omani rials. These agreements aim to provide 2,167 housing units within the ambitious government "Sorouh" initiative.

The exhibition also witnessed the announcement of significant developments within the Sultan Haitham City project, where a partnership agreement was signed with Retal for Real Estate Development (Saudi Arabia) to develop residential neighborhoods (3, 15, and 17). This project covers an area of more than 640,000 square meters, with a massive investment value exceeding 320 million Omani rials, confirming the attractiveness of future cities in the Sultanate for direct foreign investment.

In a related context, Khazaen Economic City signed an investment agreement with "Al Dar Al Arabia for Real Estate Development." This agreement aims to develop a mixed-use project on a freehold basis, with an investment of 18 million Omani rials and an area of 14,000 square meters. The project will offer a mix of commercial outlets, offices, residential apartments, and modern facilities, enhancing the infrastructure and services in the promising economic city.

The announcements were not limited to residential and commercial projects but also extended to the luxury tourism sector. The unveiling of the "Mesteer Heights" project in Al Jabal Al Akhdar, Al Dakhiliyah Governorate, was announced. This project, adopted by "Mesteer," a subsidiary of Mohammed Al Barwani Group, represents a major investment reaching 300 million Omani rials and is part of the master plan for the "Al Jabal Al Aali" project, aiming to establish Al Jabal Al Akhdar as a prestigious tourism and real estate destination.

What Does This Mean for the Investor or Buyer?

These developments reflect an active and promising real estate investment environment in the Sultanate of Oman. For investors, the signing of such high-value agreements in future cities and mixed-use projects indicates growing confidence in the sector's ability to deliver rewarding returns. The attraction of significant foreign investments from companies like Retal (Saudi Arabia) also confirms the appeal of the Omani market and its comprehensive development vision. Investment opportunities range from integrated residential neighborhoods and mixed-use projects on a freehold basis to luxury real estate tourism.

For buyers and citizens, the provision of more than two thousand new housing units within the "Sorouh" initiative reflects the government's commitment to promoting sustainable urban development and providing suitable housing opportunities. The development of projects such as "Sultan Haitham City" and "Khazaen Economic City" will also offer diverse and modern residential and commercial options, enriching the market and providing integrated living and working environments.

Conclusion

These latest reports confirm the dynamism witnessed by the real estate sector in the Sultanate of Oman and its aspirations for growth and expansion. With continued government initiatives to support this sector, alongside the confidence of local and international investors, Oman continues to strengthen its position as an attractive destination for sustainable real estate investment and development.

Imtilak Global facilitates the process of acquiring real estate in Oman by providing a wide range of comprehensive and distinguished services for real estate investors. The company ensures full follow-up of freehold procedures, including facilitating legal and bureaucratic transactions.

Edited by: Imtilak Global©