Buying property from a developer in Oman |

Buying property from a developer in Oman

Despite there being plenty of completed projects in Oman, some people may prefer to by a property off plan.

Posted on

18 July 2013

Last updated on 29 June 2017
Buying property from a developer in Oman
There are many completed projects in Oman, but you may prefer to buy a property off-plan. In order to buy a property from a developer, you will first have to choose which of the designated areas you want to purchase in.
Buying property from a developer

Developers in Oman include Al Madina A'Zarqa, Muriya, Omran, and Orascom. When you have chosen a suitable property, you will sign a form that states you intend to buy it, and the developer will usually ask for a deposit. This allows you to secure any loans you might need before actually signing the contract.

When you sign a contract, you will usually have to make a deposit of 10% of the purchase price. Purchase contracts with a developer are usually drawn up by an independent lawyer and outline the payment schedule. The developer hands the title over to you after the last payment.

If you need to sell your property before it has been completed, the developer will charge you a 2% transfer fee.

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