DarGlobal Launches Oman’s First Housing Finance Program for Foreign Buyers

Muscat, Oman – DarGlobal, in exclusive partnership with Sohar Islamic, has announced the launch of Oman’s first-ever housing finance solution tailored for international buyers. This pioneering program marks a major step in making homeownership in Oman more accessible, affordable, and flexible for both residents and non-residents.

A New Era of Accessible Homeownership

The new initiative is designed to simplify the process for expatriates and investors who wish to own property in Oman. By offering customized financing solutions, DarGlobal and Sohar Islamic are opening doors for global investors to participate in Oman’s property market.

Key highlights include:

• Finance up to OMR 250,000 (or 50% of property value)

• Flexible repayment terms with tenors up to 10 years

• Added convenience with a complimentary credit card facility of up to USD 10,000 during construction phases

This program not only caters to the local market but also empowers international investors to expand their portfolios in Oman.

Who Is Eligible?

The finance solution has been tailored with specific eligibility requirements:

• Salaried employees: Must work with a reputable firm and earn a minimum salary of OMR 5,000 (or equivalent in foreign currency).

• Self-employed or business owners: Annual income of at least OMR 25,000.

• Credit history: Consistent 12-month credit record verified by Sohar Islamic.

• Employment verification: A minimum of two years’ job stability with documentation attested by the Oman Embassy or Consulate.

Terms and Conditions

Applicants must be between 30 to 60 years old at the time of loan maturity. Financing will only be offered for ITC (Integrated Tourism Complex) projects approved by the Ministry of Housing and Urban Planning.

Additional conditions include:

• Processing fee: OMR 250

• Prepayment fee: 1% of prepaid amount (for full or partial repayments)

• Insurance: Property and life insurance through Takaful, as per FSA policy

• Grace period: Up to 18 months for under-construction projects

Required Documentation

To apply, expatriates must provide:

• Passport & valid visa copy

• Residence card (if applicable)

• Completed loan application form

• Six months’ stamped bank statements

• Salary certificate or business income proof

• Title deed & property documents

Investing in Oman’s Future

With this partnership, Oman is positioning itself as a more welcoming destination for international homeowners and investors. By easing property financing rules, the country is not only boosting its real estate sector but also strengthening its global investment appeal.

For more details, visit DarGlobal.