Ministry of Housing and Urban Planning: Ministerial Decision 109/2022 Amending Some Provisions of the Executive Regulation of the System of the Ownership of Real Estate in Integrated Tourism Complexes

Arabic

Based on the System of the Ownership of Real Estate 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 System of the Ownership of Real Estate in Integrated Tourism Complexes Issued by Ministerial Decision 191/2007,

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 Ministerial Decision 357/2020 regarding the Controls for the Sale of Residential Real Estate Units under the Usufruct System to Non-Omanis in Multi-Story Commercial Residential Buildings,

and in pursuance of public interest,

it is hereby decided

Article I

The text of article 2 of the aforementioned Executive Regulation of the System of the Ownership of Real Estate in Integrated Tourism Complexes is hereby replaced with the following text:

It is permitted for Omani and non-Omani natural or legal persons to own built units or plots of land intended for construction or exploitation in integrated tourism complexes for the purpose of residence or investment in accordance with the provisions of the system and this regulation. For non-Omanis in integrated tourism complexes in the Governorate of Musandam, it is only permitted to purchase units built under the usufruct system and for a period not exceeding 99 (ninety-nine) years.

Article II

All that is contrary to this decision, or in conflict with its provisions, is hereby repealed.

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: 17 Shawwal 1443
Corresponding to: 18 May 2022

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

Published in Official Gazette 1443 issued on 29 May 2022.