Real Estate Law Safeguards Investors and Buyers
The Real Estate Regulation Law in the Sultanate of Oman, which has been in effect since March 2026, establishes a legislative framework to protect investors and buyers in the real estate market. The law defines the responsibilities of real estate developers and requires their registration and transparent monitoring of their projects through publicly accessible records. It emphasizes the necessity of maintaining an independent escrow account that complies with project milestones, which must be opened in the name of the project at a licensed bank. The law prohibits off-plan sales unless all details are provided and a formal agreement is secured, with violations punishable by imprisonment and fines. It also mandates a ten-year warranty for defects and directs the settlement of disputes through specified procedures, aiming to create a safer and more transparent investment environment in the real estate sector.
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