Oman Real Estate Conference Witnesses Multi-Million Rial Deals and Launch of Development Initiatives

The real estate sector in the Sultanate of Oman witnessed active and notable movement yesterday, May 11, 2026, represented by a series of announcements and initiatives highlighting the ongoing growth and development in this vital sector. These developments came amid the positive atmosphere of the Oman Real Estate, Design, and Construction Exhibition and Conference 2026 held in Muscat.

Key Highlights from Yesterday

• Signing of 182 usufruct contracts with an investment value exceeding 37.8 million Omani rials during the Oman Real Estate Conference.
• Nama Real Estate Company launched a new project in Muscat with investments exceeding 40 million Omani rials.
• Confirmation of the development and construction sector's contribution of 8.38% to the Sultanate's GDP.
• Dubai Investments participated in "Oman Design and Construction Week" to showcase its opportunities.
• Launch of the "Urban Compliance Certificate" to enhance the quality of real estate development.
• Highlighting the "Your First Home" initiative to support social housing.

Details

At the heart of real estate activities, the third day of the Oman Real Estate, Design, and Construction Exhibition and Conference 2026 witnessed the Ministry of Housing and Urban Planning signing 182 usufruct contracts with an investment value exceeding 37.8 million Omani rials. These contracts covered vital sectors such as health, industry, and fisheries, in addition to commercial and residential uses across various governorates, reflecting growing investment momentum and support for the efficient investment of government lands.

Regarding new projects, the Omani company Nama Real Estate announced the signing of a usufruct contract for a new project in the "18 November" area in Al Azaiba, Muscat. The project aims to establish an integrated international business destination near Muscat Airport and the free zone, with an investment value exceeding 40 million Omani rials, enhancing Muscat's appeal as a center for international business and supporting Oman Vision 2040.

On the macroeconomic level, indicators during the Oman Real Estate Conference showed that the development and construction sector contributes about 8.38% of the Sultanate's GDP. The sector recorded transactions worth 2.76 billion Omani rials and employs around 516,000 individuals, confirming its pivotal and growing role as a main driver of the national economy and a provider of job opportunities.

In the context of strengthening regional partnerships, Dubai Investments participated in the activities of "Oman Design and Construction Week" in Muscat, where it showcased its projects, innovations, and investment opportunities. This participation reflects the interest of major companies from Dubai in the Omani market, enhancing opportunities for joint investment and regional partnerships in the real estate and construction sector.

To ensure the quality of real estate development, the Oman Real Estate, Design, and Construction Conference on its second day (May 11) witnessed the launch of the "Urban Compliance Certificate". This certificate aims to set new standards to ensure the quality of urban planning and development, boosting confidence in the Omani real estate market and attracting investments aligned with the Sultanate's vision for sustainable development.

In terms of social housing, the spotlight was on the "Your First Home" initiative, which is a housing pathway designed to grow with families, providing housing solutions in the Sultanate of Oman. This initiative contributes to achieving social stability and meeting the housing needs of citizens, reflecting the government's commitment to improving quality of life and providing adequate housing.

What Does This Mean for Investors or Buyers?

For investors, this news reflects an active and attractive investment environment in Oman, supported by major government agreements and new development projects. The launch of major projects such as the business destination in Al Azaiba and the real estate sector's contribution to GDP confirm promising growth opportunities. The launch of the "Urban Compliance Certificate" sends a reassuring message about the market's commitment to quality and high standards, reducing risks and increasing the attractiveness of long-term investment. The participation of major regional companies indicates growing external confidence in the market. For buyers, government initiatives like "Your First Home" highlight the government's commitment to providing diverse and suitable housing solutions, enhancing social stability and supporting the fulfillment of housing needs.

Conclusion

These combined developments show that the Omani real estate sector is confidently moving towards growth and development, driven by local and foreign investments, and supported by government initiatives aimed at enhancing quality, regulation, and meeting community needs. The continuation of this momentum heralds a bright future for the real estate market in the Sultanate.

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 the freehold procedures, including facilitating legal and bureaucratic transactions.

Edited by: Imtilak Global©