Al Yazan on the Muttrah waterfront: what it means for foreign buyers, and what to ask before you book

On 9 November 2026 Omran Group and VA Group announced Al Yazan, an integrated tourism complex on 18.5 hectares on the Muttrah waterfront and the first phase of the redevelopment of Port Sultan Qaboos, with planned investment of about RO 200 million to be deployed in phases, according to Oman Observer.

What has been announced

About 1,500 homes, or about 180,000 sq m of residential space, over three phases. Phase one is two residential buildings of about 34,000 sq m gross floor area, expected within three years, with enabling works before the end of 2026. Units range from studios to four-bedroom penthouses and garden duplexes. Later phases depend on market conditions, and the developer may adjust the master plan and pace.

Ownership and residency

The developer said integrated tourism complex status allows overseas buyers full ownership. The system governing non-Omani ownership in these complexes (Royal Decree 12/2006) allows, in Article 8, residency for the owner of a built property and first-degree relatives. Before registration is complete, Decision 87/2026 provides a temporary sponsor-free visa. The Golden Residency property route requires a completed unit with a title deed, that is, after handover.

Your questions before booking

The report gives no prices. Ask in writing for: the payment schedule against construction milestones, whether payments go into an escrow account, whether the price includes 5% VAT on the first sale, the Ministry of Housing registration fee (usually 3%), and the complex's annual service charges. Then compare the handover date with when you need residency.

Source: Oman Observer: RO 200 million waterfront project to reshape Muttrah — 2026-11-09 · نظام تملك غير العُمانيين في المجمعات السياحية المتكاملة (المرسوم 12/2006، المادتان 3 و8) عبر قانون.عُمان — 2006-03-01 · NGIOM: صفحة العقار (القرار 87/2026، والإقامة الذهبية، ورسم التسجيل 3%) — 2026-10-31