Running a property portfolio in Oman
Oman's property sector is overseen by the Ministry of Housing and Urban Planning, and leases are registered with the relevant municipality, whether in Muscat, Sohar or Dhofar. The new Real Estate Registry Law is modernizing ownership registration, and expatriates can now own in Integrated Tourism Complexes and more areas. VAT is 5%, in place since April 2021, and RealMake applies the treatment your tax advisor sets. Decision 189/2026 has scheduled Fawtara e-invoicing as mandatory from 1 April 2027 for taxable persons whose annual supplies exceed OMR 5 million, and from 1 October 2027 for all other VAT-registered businesses.