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Oman – Property Financing

Mortgages for Foreign Nationals in Oman

Oman, with its rich cultural heritage and stunning landscapes, has become an increasingly attractive destination for property investment. Whether you are a local resident or a foreign national, acquiring a mortgage can be a significant part of financing your property purchase in Oman. However, if you are a foreign national, you may have questions about whether local banks or other lenders are willing to issue mortgages to non-residents in Oman.

Fortunately, Oman is open to foreign investors, and many local lenders are willing to provide mortgages to foreign nationals interested in buying property in the country. While there may be specific requirements and procedures, obtaining a mortgage as a non-resident is generally possible, making it easier for international investors to participate in Oman’s real estate market.

Local Lenders Offering Mortgages in Oman

When considering a mortgage for your property purchase in Oman, there are several local lenders you can explore:

  • Bank Muscat: Bank Muscat is one of Oman’s largest and most established banks. They offer a range of mortgage products, including options for foreign nationals. Bank Muscat has experience working with non-resident buyers and can assist you in securing financing for your property.
  • National Bank of Oman (NBO): NBO is another reputable Omani bank that provides mortgage services to foreign nationals. They offer various mortgage options with competitive interest rates and terms suitable for non-resident buyers.
  • HSBC Oman: HSBC is an international bank with a presence in Oman. They also offer mortgage solutions to foreign nationals. HSBC Oman has a dedicated team to guide non-resident buyers through the mortgage application process and provide financial advice.

These local lenders are experienced in working with foreign nationals and can help you choose the right mortgage product for your investment in Oman.

Minimum Deposit Requirements for Property Purchase

When buying property in Oman, regardless of your nationality, it’s essential to consider the minimum deposit requirement. The deposit, also known as the down payment, is a substantial upfront payment that you must make to secure your property purchase. The specific amount required can vary based on several factors, including the lender’s policies, the property’s value, and your financial situation.

Typically, local banks and lenders in Oman may require a minimum deposit of around 20% to 30% of the property’s purchase price. However, deposit requirements can vary, so it’s advisable to check with your chosen lender for the most up-to-date information. The deposit serves as a commitment to the property purchase and provides security for the lender.


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It’s also worth exploring any special financing packages or opportunities offered by developers and real estate agents in Oman. These packages may include lower deposit requirements for specific properties or developments, making it more accessible for both local and foreign buyers.

Responsibility for Outstanding Debts on the Property

As a property owner in Oman, whether you are a local or a foreign national, you assume certain responsibilities, including the potential obligation to address outstanding debts associated with the property. Understanding these responsibilities is essential to a smooth property transaction.

In Oman, property-related debts, such as property taxes, utility bills, or unpaid loans secured against the property, are typically attached to the property itself rather than the previous owner. When you purchase a property, you may inherit these existing financial obligations.

Before the sale is finalized, a legal process takes place to ensure that any outstanding debts related to the property are settled by the seller. The notary or legal representatives involved in the transaction will conduct thorough checks to identify and clear any existing financial liabilities. This process ensures that you take ownership of the property without the burden of unresolved debts.

It’s crucial to engage with experienced legal professionals and seek advice from your lender to ensure that all necessary steps are taken to protect your interests during the property purchase in Oman. A well-informed and diligent approach can help you avoid any unexpected financial obligations and ensure a smooth transition to property ownership.

By being well-prepared, working with reputable local lenders, understanding the deposit requirements, and knowing your responsibilities, foreign nationals can successfully navigate the process of buying property in Oman and make sound investments in this culturally rich and welcoming country.


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