International Investment

INVESTING IN DUBAI
FROM OMAN

Oman investment in Dubai property

Dubai’s property market remains a highly coveted investment destination for Omani investors, a trend that is expected to continue. Over the past two decades, Omani investors have been quick to acknowledge the immense potential of Dubai’s real estate sector, leading them to make substantial investments in both the emirate’s property market and neighboring GCC countries.

Dubai's strong appeal to Omani investors

Even though Oman property is experiencing a strong start as an international investment market, the maturity of the GCC’s prime real estate market endures.
Omani investors are not only enticed by the familiarity but also by the remarkable performance and potential for lucrative returns offered by Dubai’s property market. With its strong and dynamic economy, coupled with a thriving real estate sector, Dubai consistently secures its position among the top-performing property markets worldwide.

As Oman continues its own path of economic diversification and ambitious initiatives like the Emirates-Oman rail network, Omani investors are actively seeking opportunities beyond their home market and they view Dubai’s vibrant economic landscape and promising growth prospects as both a fertile destination and inspiring blueprint.

Key reasons and statistics for Oman investment in Dubai property

Investment volume

The strong economic ties between the GCC countries and Dubai mean individual investors have been interested in neighbouring real estate for many years. Back in the formative years of the Dubai property market, it was mainly GCC investors from individuals in Oman and other nations – that helped fuel the growth.

Preferred property types

Oman investors, similar to many others, demonstrate a higher inclination towards acquiring apartments rather than villas and townhouses. In fact, they tend to favor acquiring four apartments for every villa purchase, showcasing their preference in the market.

However, on an individual basis, investors showcase a more pragmatic investment approach. They explore a range of options, including luxurious villas, upscale apartments, commercial properties, and even ventures in the hospitality sector. This strategic diversification allows them to capitalise on the diverse real estate offerings present in Dubai, expanding their portfolio and maximising their potential returns.

Rental yields

Dubai’s property market continues to present enticing opportunities for Oman investors, particularly in terms of rental yields. With attractive rental yields, Oman investors have the potential to generate consistent rental income from their investments.

In comparison to other investment options, such as prime properties in Oman, Dubai stands out with rental yields that can reach around 7%. This appealing prospect makes it an enticing choice for Omanis looking to maximise their investment returns and secure steady rental income given that even in the Muscat market, their domestic assets only offer around a 3-4% annual yield.

Long-term performance outlook

Dubai’s property market has demonstrated remarkable resilience and continuous growth. In recent years, it has experienced double-digit capital gains and witnessed a surge in industry sales transactions, surpassing even pre-pandemic levels. This robust performance outlook instills confidence in Omani investors, assuring them of the potential for significant long-term returns on their property investments. The market’s consistent upward trajectory serves as a testament to Dubai’s enduring appeal as a lucrative investment destination.

Where are Omanis and other investors buying Dubai property?

Strategic partnerships and economic synergies between Oman and Dubai

In a significant development for Oman-Dubai property investment, the UAE and Oman have embarked on an exploration of investment opportunities worth 30 billion AED, signifying their commitment to bolstering bilateral economic cooperation in strategic sectors. This momentous announcement came during President Sheikh Mohammed bin Zayed’s visit to the Sultanate, underlining the strengthening ties between the two nations.

With Oman being considered one of the Gulf region’s comparatively formative economies, the increased trade and investment support from the UAE, a regional heavyweight and the second-largest economy in the Gulf, will undoubtedly provide a substantial boost to the Sultanate’s efforts to diversify its economy away from oil dependency.

During the visit, prominent entities such as Abu Dhabi investment fund ADQ and Oman Investment Authority (OIA) took a momentous step forward by agreeing to establish a 592 million AED dirham venture capital fund. This fund aims to invest in technology companies in Oman and explore a vast investment potential of 30bn AED across sectors like renewable energy, food and agriculture, communications, logistics, and healthcare. While specific details and a timeframe for these investments were not provided at the moment, this commitment signifies the long-term vision for economic growth and collaboration between the two nations.

It is worth mentioning that ADQ and OIA have previously inked a 10 billion AED investment partnership agreement, further solidifying their commitment to fostering economic cooperation and driving mutual prosperity.

This collaborative approach towards investment and economic cooperation between the UAE and Oman is set to yield significant benefits, creating opportunities for both nations to capitalize on the potential of various sectors and foster sustainable growth.

Strong Omani investment in Dubai property set to continue

Dubai’s appeal, favorable investment climate, and promising economic outlook continue to draw significant investment from Oman, establishing it as the preferred destination for Omani investors seeking profitable opportunities in real estate.

Moreover, Dubai’s strategic location and reputation as a welcoming global business hub make it an attractive investment destination for many in the neighbouring GCC countries.
This high demand drives the residential and commercial property market, ensuring a steady rental market and the potential for long-term capital appreciation.

Furthermore, the strong political and economic ties between the UAE and Oman create an inviting investment environment for Omani investors. The existing bilateral agreements and cooperation between the two countries facilitate trade and investment opportunities, simplifying the process for Omani investors navigating the Dubai property market.

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