Country OM Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$104

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$43

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$75

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$1,981

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country OM Cost of Living trends and investment implications

Market Overview

Oman's real estate market offers a mixed investment landscape, influenced by moderate GDP growth and a stable political environment. Property prices have generally tracked economic growth, but rental yields can be inconsistent, particularly when compared to fluctuating interest rates. The market attracts expats due to favorable foreign ownership policies, yet investors must be wary of demographic shifts and supply-demand imbalances.

Key Findings

Data-driven insights

•From 2010 to 2023, Oman's GDP grew at an average annual rate of 3.5%, while house prices increased by 3.2% annually, indicating a close alignment with economic performance.
•Rental yields in Muscat average 6% in city centers and 5% in suburbs, but are challenged by current interest rates averaging 5.5%, potentially compressing net cash flows.
•Population growth of 2.4% annually since 2000 has outpaced housing supply expansion of 1.8%, creating upward pressure on property prices.
•Oman's tax burden on real estate is relatively modest, with no capital gains tax, enhancing net returns for property investors.

Market Trends

Historical patterns

•Rising urbanization is driving demand in Muscat and Salalah, increasing competition for prime properties.
•Government initiatives to diversify the economy away from oil are expected to bolster the real estate market by attracting foreign businesses and expatriates.
•Regulatory changes have made the market more accessible to foreign investors, with eased restrictions on property ownership and residency incentives.

For Investors

Actionable takeaways

•Focus on high-demand areas in Muscat for long-term appreciation, particularly in mixed-use developments.
•Monitor interest rate trends closely; consider financing options that lock in current rates to optimize cash flow.
•Be cautious of oversupply risks in new suburban developments, which may impact rental yields and resale values.
•Consider investing in family-sized units, which are in short supply and command higher premiums.

Market Context

Compared to neighboring markets like the UAE and Qatar, Oman presents a lower entry price point with moderate growth prospects. While it lacks the high-profile developments seen in Dubai or Doha, its stable political climate and emerging regulatory framework offer a unique, albeit risk-moderate, investment opportunity.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.