How to pay for real estate in Oman — 2025 buyer’s guide

Oman is emerging as an attractive property investment destination in the Gulf region, offering coastal developments in Muscat and Salalah, modern apartments in Duqm, and residential communities across the country. Whether you are an expatriate, investor, or relocating professional, knowing how to pay for real estate in Oman is essential to completing a secure and compliant transaction.

1. Understanding Oman’s property payment process

In Oman, property transactions are regulated by government authorities to ensure transparency and buyer protection. Payments for real estate are often made through licensed escrow accounts, especially in off-plan developments, or directly to the seller in secondary market deals. The payment process typically involves:

• Initial reservation payment to secure the property
• Progress payments for off-plan properties according to construction milestones
• Final settlement upon handover or registration

2. Escrow accounts for buyer protection

Escrow accounts are mandatory for most off-plan property purchases in Oman. The funds remain in a secure account managed by an approved bank until construction milestones are reached. This protects the buyer from developer delays or defaults. Always verify that the escrow account is registered with the Ministry of Housing and Urban Planning.

3. International bank transfers

For foreign buyers, SWIFT bank transfers are the most common way to send large payments to Oman. This method ensures traceability, compliance, and acceptance by all major banks in the country. To avoid unnecessary fees, it is advisable to use a bank with established correspondent relationships in Oman and to confirm all beneficiary details in advance.

4. Multi-currency accounts for flexibility

Multi-currency accounts allow buyers to hold Omani rials (OMR) alongside other currencies such as USD or EUR. This enables currency conversion at optimal rates and helps avoid double conversion fees. For investors making staged payments, this approach provides better control over exchange rate timing.

5. Payments from within Oman

For residents or those with a local bank account, payments can be made via direct transfers within the Omani banking system. This is faster and avoids international transfer fees, but still requires compliance documentation, especially for large sums.

6. Integrating payment with transaction support

Property payments are just one part of a secure real estate transaction. Combining payment services with legal review, documentation assistance, and logistics (in case of related furniture or goods shipments) can make the process smoother and reduce risks.

Explore our full range of global services to see how we integrate financial solutions with legal and logistical support for property buyers worldwide.

7. Common mistakes to avoid

• Transferring funds to unverified accounts
• Not confirming escrow account registration with authorities
• Sending payments without complete compliance documents
• Making transfers close to Omani weekends or public holidays

8. Step-by-step payment checklist

1. Agree on the payment terms and schedule in your sales agreement
2. Verify the bank account details (escrow or seller’s account)
3. Prepare required documents (passport, proof of funds, sales contract)
4. Choose the payment method best suited for your location and currency
5. Confirm receipt of funds with the bank and seller

Why choose VelesClub Int. and UNIBROKER for your property payments?

• End-to-end support: From payment execution to legal coordination and document handling
• Global coverage: USD, EUR, OMR, CNY, USDT, and more — to and from any country
• Legal compliance: Operating within Russian Federation law (CB Instruction No. 181-I) and Omani regulations
• No bank change required: Keep your current bank — no currency control transfer needed
• Optional insurance: Licensed payment and transaction coverage
• Proven network: Agents, banks, and settlement partners worldwide