Times of Oman
Allow expats to own houses in Oman: Majlis Al Shura
May 15, 2017 | 9:58 AM
by Times News Service
Photo - shutterstock
 
Sharelines

Muscat: Oman must have regulations to allow expats to own houses outside Integrated Tourism Complexes (ITCs), deputy chairman of Majlis al-Shura said at the Oman Real Estate Conference.

"We must open expatriates in Oman to own property outside the ITC under certain conditions," Al Ghassani, deputy chairman of Majlis al-Shura said.

"Expats living in Oman for a long time must specially be allowed to own their own homes. This will open our markets and our economy will benefit from this. It will play a great role for our real estate sector."

He added that regulations must be in place for regulating supply and demand in real estate sector so prices don't drop.



"When there are less tenants, why are we building more houses? We must regulate this," he stated

STAY UPDATED
Subscribe to our newsletter and be the first to know all the latest news