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The Sultanate of Oman is an absolute monarchy, where the head of state wields significant power. The most important part of the economy is the production and export of oil and gas, while agriculture and tourism are also developing. Tens of thousands of tourists from around the world visit the country annually. Many tourists come from neighboring countries to escape the heat and enjoy the region's rich natural beauty from June to September, a time uncharacteristic of the region.
Important areas where foreign investors can purchase real estate include Jebel Sifah, Muscat, Muscat Bay, and Salalah. Oman is currently actively attracting foreign specialists and investors, including real estate investors.
Oman's developers include both international companies with numerous completed projects in the region and local construction companies that build homes exclusively in Oman. The country's largest developers include Eagle Hills, Majid Al Futtaim, Muriya, Omaran, Darglobal, Al Abrar, Wujha, Oris, and Al Ahly Sabbour Development.
Real estate prices in Oman are currently somewhat lower than in the UAE, Saudi Arabia, Qatar, and Bahrain, yet the real estate market offers impressive investment potential.
On our website, you'll find ratings and reviews of Omani developers left by property buyers. Reading these reviews will help you form your own opinion about the advantages and disadvantages of different construction companies, including construction timelines, quality of construction, and the quality of the property's finishes. This will help you make an informed decision about investing in projects with one or more developers.
