Oman bans expat property ownership in certain areas

      Published on Tuesday, 20 November , 2018      957 Views     
Oman bans expat property ownership in certain areas

  • Oman News

The Sultanate of Oman has banned expats from owning agricultural land and real estate in many areas, according to a royal decree by Sultan Qaboos bin Said.

The areas include Dhofar (with the exception of Salalah, Musandam, Buraimi, Al Dhahirah and Al Wusta), Shinas, Liwa, Masirah, Jabal Al Akhdar and Jabal Shams, as well as any other mountains of strategic importance.

Expats in Oman are also prohibited from owning land in islands, sites near palaces and security and military authorities, and archaeological and ancient houses.

Omanis who have had their citisenship withdrawn will be asked to transfer their land if it is located in the above-mentioned areas.

The transfer should take place within two years from the date of the nationality loss, but may be extended for a year following approval by the Minister of Housing.

If the owner fails to do so, the ministry will reclaim the land with compensation of the land plot.

If the land boasts existing property on undergoing construction, the state will retain the right to sell the land and related works should the owner fail to transfer the land. The sale price, however, would return to the owner of the land.

The law also states that a jail term of between three months to one year, and a fine of between $2,600 (OMR1,000) to $7,800 (OMR3,000) shall be imposed on those who deliberately enter into an illegal ownership contract.

Those who use methods of fraud will also be jailed for between six months to two years, and fined between $5,000 (OMR2,000) to $13,000 (OMR5,000).

Category Oman News | 2018/11/20 latest update at 7:03 PM
Source : Arabian Business | Photocredit : Google
Comments Add comment

Gulf Media

Related Articles

The editorial staff of Oman Today would like to give all of its readers from Oman and Gulf and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Oman Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter pages or use our RSS feed channel to always read the most important news about Oman, the Gulf and the world.