Important Real Estate Developments in the Sultanate of Oman Yesterday

The real estate sector in the Sultanate of Oman witnessed a series of positive developments yesterday, Tuesday, April 28, 2026, reflecting ongoing developmental momentum and increasing confidence in the market. These updates ranged from facilitating housing finance solutions and launching major real estate development projects to regulatory updates aimed at improving the investment environment.

Highlights of Yesterday

• Signing of 10 financing agreements for the “Tilal Al Nakheel” project in Khasab.
• The Ministry of Housing and Urban Planning signed 8 real estate development and integrated service station agreements worth over 168.6 million Omani riyals, including two integrated cities and a blockchain-based real estate platform.
• Issuance of a ministerial decision amending the fee regulations of the Ministry of Housing and Urban Planning.

Details

Facilitating Freehold Ownership of Residential Units through Financing Agreements for the “Tilal Al Nakheel” Project

In a step that enhances citizens’ opportunities for freehold ownership of residential units, Musandam International Investment Company, the developer of the “Tilal Al Nakheel” project in the Wilayat of Khasab, signed 10 cooperation agreements with local banks. These agreements aim to provide flexible financing solutions for citizens wishing to own units within the project, which includes approximately 650 to 680 residential units, ranging from villas and townhouses to apartments. The marketing and sales phase is expected to be launched soon.

Major Real Estate Development Projects Worth Over 168 Million Omani Riyals

The Ministry of Housing and Urban Planning signed eight strategic agreements to implement projects in the fields of real estate development and integrated service stations in the governorates of Muscat, North Al Batinah, and South Al Batinah. The total value of these projects exceeded 168.6 million Omani riyals. The agreements include the establishment of an integrated city in Al Amerat, Muscat Governorate, on an area exceeding 445,000 square meters to provide 1,050 residential units worth 60 million riyals, and a similar city in Halban, South Al Batinah, on an area of more than 637,000 square meters to provide 1,350 residential units worth 100 million riyals. The agreements also included integrated service stations in wilayats in North and South Al Batinah governorates, in addition to a memorandum of understanding to launch an innovative electronic real estate platform (Aqari) based on blockchain technology.

Updating the Regulatory Environment for the Real Estate Sector with a New Ministerial Decision

Yesterday saw the issuance of Ministerial Decision No. 36 / 2026 by the Ministry of Housing and Urban Planning, published in Official Gazette No. 1645. This decision includes amendments to some provisions of the schedule of values, fees, and prices collected by the ministry. These amendments are considered an important step towards updating and improving the regulatory and legislative environment of the real estate sector in the Sultanate.

What Does This Mean for the Investor or Buyer?

For buyers and citizens, the signing of flexible financing agreements for the “Tilal Al Nakheel” project means easier access to freehold ownership of residential units, providing broader housing options at suitable prices and facilities. The announcement of two new integrated residential cities in Al Amerat and Halban will provide thousands of residential units and increase the real estate supply to meet the needs of various segments of society, which may lead to price stability or competitiveness.

For investors and developers, these massive agreements worth over 168 million Omani riyals reflect significant government confidence in the sector and a direction towards urban expansion, creating promising investment opportunities in infrastructure, residential, and commercial development projects. The launch of an electronic real estate platform based on blockchain technology is a pivotal step towards increasing transparency, speeding up procedures, and facilitating real estate transactions, making the Omani market more attractive and efficient for both local and foreign investors. Amending the fee regulations contributes to improving the regulatory environment, reducing ambiguity, and increasing investment attractiveness by providing a clearer and more efficient framework.

Conclusion

These developments confirm the continued momentum of growth and development in the Omani real estate market, supported by government initiatives aimed at enhancing infrastructure, facilitating investment, and updating regulatory frameworks. These developments herald a promising future for the sector and offer excellent opportunities for both buyers and investors in the Sultanate of Oman.

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

Edited by: Imtilak Global©