Ministry of Housing and Urban Planning: Ministerial Decision 58/2022 regarding Granting Privileges to Non-Omani Investors to Own Certain Real Estate

Royal Decree 21/2004 Regulating the Ownership of Real Estate by Nationals of the States of the Cooperation Council for the Arab States of the Gulf in Member States,

the System of the Ownership of Real Estate by Non-Omanis in Integrated Tourism Complexes promulgated by Royal Decree 12/2006,

the Law on the Prohibition of the Ownership of Land and Real Estate by Non-Omanis in Certain Places promulgated by Royal Decree 29/2018,

the Executive Regulation of the Law on the Prohibition of the Ownership of Land and Real Estate by Non-Omanis in Certain Places issued by Ministerial Decision 292/2020,

and the approval of the Council of Ministers, and in pursuance of public interest,

it is hereby decided

Article I

A non-Omani investor wishing to obtain a Category I Residence Card has the right to request a certificate from the Real Estate Register Secretariat proving that he has purchased one or more housing units with a total value of not less than 500,000 (five hundred thousand) Rial Omani, or with a value of not less than 250,000 (two hundred and fifty thousand) Rial Omani if he wishes to obtain a Category II Residence Card.

In all cases, the housing unit or units must be in places where ownership by non-Omanis is authorised.

Article II

A non-Omani investor holding a Category I Residence Card has the right to own one real estate for residential, commercial, or industrial use outside the places where ownership by non-Omanis is authorised, and the ownership of the real estate must not be in the places stipulated in the aforementioned Law on the Prohibition of the Ownership of Land and Real Estate by Non-Omanis in Certain Places.

Article III

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 29 Rajab 1443
Corresponding to: 3 March 2022

Dr Khalfan bin Said bin Mubarak Al-Shuaili
Minister of Housing and Urban Planning

Published in Official Gazette 1433 issued on 13 March 2022.