Major Real Estate Investments Boost the Omani Market and Drive Urban Development

The real estate sector in the Sultanate of Oman witnessed significant developments yesterday, highlighting the vitality and attractiveness of the market for both local and international investors. Major foreign investments were announced to contribute to the development of Sultan Haitham City, in addition to the launch of a luxury residential project in Jabal Akhdar. The Oman Real Estate Exhibition and Conference continues its successful activities, showcasing the most prominent projects and future visions for the sector.

Highlights of Yesterday

• Signing an agreement with the Saudi company Retal to develop an integrated residential project worth 320 million Omani riyals in Sultan Haitham City.
• Launching the luxury residential project "Masteer Heights" in Jabal Akhdar with investments reaching 300 million Omani riyals.
• The Oman Real Estate, Design, and Construction Exhibition and Conference 2026 continues with great momentum and in-depth discussions about the sector's future.
• Omran Group showcases its strategic projects and vision for developing integrated destinations during the exhibition.

Details

Major Saudi Investment Strengthens Confidence in Sultan Haitham City

Retal Urban Development Company from Saudi Arabia announced the signing of an agreement with the Ministry of Housing and Urban Planning to develop an integrated residential community within Sultan Haitham City. The project includes more than 2,000 housing units, ranging from villas to apartments, with an estimated investment value of about 3.1 billion Saudi riyals (approximately 320 million Omani riyals). This project marks Retal’s first entry into the Omani market and involves the development of areas 3, 15, and 17 in Seeb on an area of 1.3 million square meters. The positive financial impact of the project is expected to reflect on Retal’s results starting in 2027, and it will be implemented according to the off-plan sales model, reflecting strong confidence in the Omani investment environment.

Launch of the Luxury "Masteer Heights" Project in Jabal Akhdar

"Masteer," the real estate arm of Mohamed Al Barwani Group, unveiled its new project "Masteer Heights" in Jabal Akhdar. This luxury residential neighborhood, one of the highest locations in the Sultanate of Oman, attracts investments estimated at 300 million Omani riyals. The project will include more than 750 luxury villas designed to achieve the highest standards of luxury and sustainability. The project stands out for its location at an altitude of 2,400 meters above sea level, offering moderate temperatures and stunning natural views, further enhancing the Sultanate’s appeal as a unique residential and tourist destination.

Ongoing Momentum for Oman Real Estate, Design, and Construction Exhibition and Conference 2026

The 21st edition of the Oman Real Estate, Design, and Construction Exhibition and Conference 2026 continued at the Oman Convention and Exhibition Centre, achieving great momentum and wide participation. The second day featured in-depth panel discussions on the future of real estate investment and integrated cities, with a focus on the role of future cities in attracting investments. Major national projects such as Sultan Haitham City and Downtown Al Khuwair were showcased, in addition to the launch of the Urban Compliance Certificate for buildings, confirming the sector’s commitment to enhancing safety and sustainability standards.

Omran Group Showcases Its Ambitious Vision for Integrated Cities

The Oman Tourism Development Company (Omran Group) participated as a main sponsor in Oman Design and Build Week and the Oman Real Estate Exhibition 2026. The group presented a portfolio of distinctive projects that embody its vision for developing integrated destinations combining modern architectural design, sustainability, and economic and social value. Omran highlighted strategic projects such as Madinat Al Irfan, The Sustainable City - Yiti, and Four Seasons Resort and Residences Muscat, reaffirming its commitment to supporting Oman Vision 2040 goals and enhancing the Sultanate’s attractiveness as an investment and tourism destination.

What Does This Mean for Investors or Buyers?

These rapid developments indicate a promising period of growth in the Omani real estate sector. For investors, the entry of major regional companies like Retal confirms the market’s attractiveness and developers’ confidence in return opportunities, especially in new city projects such as Sultan Haitham City, which enjoys strong government support. The launch of luxury projects like "Masteer Heights" also reflects the increasing demand for high-quality real estate and distinctive tourism opportunities. For buyers, the wide variety of projects, from integrated housing units to luxury villas, provides broader choices to meet different needs and budgets, with a growing focus on sustainability and modern design. The showcasing of major projects at exhibitions also offers transparent insights and opportunities to learn about the latest offerings and trends.

Conclusion

The current momentum in the Omani real estate sector, supported by local and foreign investments and ambitious urban planning initiatives, clearly reflects a drive to achieve Oman Vision 2040 goals for sustainable urban development. This positive news lays the foundation for a promising future, with increasing real estate opportunities and the Sultanate’s strengthened position as a regional center for investment and development.

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

Edited by: Imtilak Global©