Oman is one of the lower-cost markets in the region for property transactions. Plan for the following one-off costs on top of the purchase price.
Transfer fee โ 3%
A transfer fee of 3% of the sale price is paid to the Ministry of Housing & Urban Planning when the title is transferred. This is the main statutory cost and is usually paid by the buyer.
Agent commission โ 1% to 2%
If you use a licensed real-estate agent, commission is typically 1โ2% of the price and is negotiable. Agree the rate and who pays it in writing before you proceed.
Legal / notary โ OMR 100 to 500
Engaging a lawyer to review the sale agreement and title is optional but recommended, especially for ITC purchases or anything non-standard. Expect roughly OMR 100โ500 depending on complexity.
Capital gains tax โ none
Oman does not levy capital gains tax on the sale of residential property by individuals. Any gain when you sell is yours to keep.
Annual land tax โ none
There is no recurring annual land or property tax on residential property in Oman. Ongoing costs are limited to service charges (in managed developments) and utilities.
Worked example
On a plot priced at OMR 150,000, expect roughly: transfer fee OMR 4,500 (3%), agent commission OMR 1,500โ3,000 (1โ2%), legal OMR 100โ500. Total one-off costs of around OMR 6,100โ8,000. Use ibana's transaction cost calculator to model your own figures.