Metropolitan Premium Properties Expands Reach Into Oman's Thriving Real Estate Market

Dubai-based Metropolitan Premium Properties (MPP), a leading full-service real estate agency and the Metropolitan Group's flagship property company, has recently announced its strategic foray into Oman's burgeoning real estate market. Specializing in luxury and branded residences, MPP has quickly become a trusted partner for investors keen on capitalizing on the lucrative opportunities present in Oman, having initiated operations in the country six months ago.

Since its entry into the Omani market, MPP has formed partnerships with six developers and plans to expand its network by incorporating 15 additional partners soon. This expansion illustrates MPP's dedication to offering a wide array of real estate options to its clients.

Nikita Kuznetsov, CEO of Metropolitan Premium Properties, highlighted the potential of Oman's real estate sector, saying, "Oman's real estate market presents an untapped opportunity for investors. With flexible payment terms, a diverse portfolio of projects, and attractive returns, Oman offers a compelling proposition for both local and international buyers and investors looking to diversify their real estate portfolio across markets. We are excited to be at the forefront of this growth, leveraging our expertise to connect discerning clients with exceptional properties."

The demand within the Omani real estate market is on the rise, with 60% of inquiries MPP receives originating from domestic investors. Nevertheless, the market is also attracting international buyers, particularly from Switzerland, Germany, France, Italy, and the Czech Republic, with nearly half of all freehold property purchases made by overseas investors. These international clients are primarily in search of secondary or holiday homes, although a growing number are considering relocating, drawn by Oman's political stability, secure currency, attractive tax environment, and high-quality healthcare and education systems.

Anastasiya Kouzan, Head of Sales – Oman at Metropolitan Premium Properties, pointed out the investment prospects in Oman, "The time is ripe for investors to seize the opportunities presented by Oman's real estate market. Investors eyeing Oman can anticipate substantial returns, with projected capital appreciation ranging from 12% to 35% in the luxury segment over the next two years. Those who invested five years ago have already witnessed impressive appreciation rates of 25% to 35%, affirming Oman's status as an attractive investment destination."

Investors are particularly drawn to key areas such as Muscat and Salalah, where luxury branded projects in freehold areas are in high demand. Notable developments include Muriya's Amazi Hawana Salalah Resort, Jebel Sifah, Al Mouj's Saraii Villas, Muscat Bay Jumeirah Resort, and Aida Oceana Dar Global. Among MPP's best-selling properties are the Trump Golf community's sea-view villas, Armani villas, and the recently sold-out Marriott Residences, with prices ranging from AED 5.8 million (OR 608,000) to AED 35 million (OR 3.66 million) for luxury villas and apartments starting from AED 1.3 million (OR 136,225).

Oman's investor-friendly policies, such as a nominal 3% municipality fee upon property handover and developer-managed rental services, further increase the attractiveness of investing in the country's real estate sector.

The Metropolitan Group in the UAE encompasses two full-service real estate agencies: Metropolitan Premium Properties (Dubai) and Metropolitan Capital Real Estate LLC (Abu Dhabi), alongside Metropolitan Consulting FZE, which provides personal and business legal services in the UAE.

For those interested in exploring investment opportunities in Oman's real estate market or seeking more information, visiting the Metropolitan Premium Properties website or contacting their office directly is encouraged.