A one-bedroom apartment in Dubai costs 73% more than one in Oman.

In the GCC, Dubai has long been the frontrunner in luxury real estate investment, attracting global buyers looking to own property in one of the world’s most dynamic cities. However, as prices in Dubai continue to soar, Oman emerges as a hidden gem with untapped potential for real estate investors. If you're looking to invest in a one-bedroom apartment, comparing the costs and benefits between Oman and Dubai could open your eyes to exciting opportunities.

Price Comparison: Oman vs. Dubai

Let's dive into the numbers:

Understanding the Costs

At first glance, Dubai’s property market is significantly more expensive compared to Oman, and the price difference is striking. For example, a one-bedroom apartment in Dubai costs nearly 10 times more per square foot than in Oman. The OMR 67 per square foot rate in Oman offers substantial savings compared to Dubai's staggering AED 1,132 per square foot.

Moreover, the size of a one-bedroom apartment in Oman is typically larger. You get more living space at a fraction of the cost. With an 872 square foot apartment in Oman, you’re paying for nearly double the area compared to a standard one-bedroom apartment in Dubai, which averages around 547 square feet.

Post-Handover Payment Plan

One of the additional perks Oman offers is a post-handover payment plan, making it easier for buyers to manage their finances. This option allows you to start paying for the property after receiving the keys, making the investment process even more appealing, especially for investors looking to spread out their payments while potentially earning rental income from day one.

Rental Yields in Oman

Oman’s real estate market also boasts attractive rental yields. Investors can expect rental yields of 6-7%, which is quite competitive compared to Dubai. This provides a steady stream of income and makes Oman a smart choice for those looking for a balance between capital appreciation and rental returns.

Per Square Foot Rates in Other Areas

For those looking to get a detailed idea of the real estate market, here’s a breakdown of the per square foot rate in various areas of Dubai and Oman:

Dubai:

• Dubai Marina: AED 1,500–2,000 per sq ft
• Downtown Dubai: AED 2,500–3,000 per sq ft
• Palm Jumeirah: AED 3,000–4,000 per sq ft

Oman:

• Muscat (City Center): OMR 60–80 per sq ft
• Seeb: OMR 40–55 per sq ft
• Sohar: OMR 50–65 per sq ft

As you can see, real estate prices in Oman are dramatically lower across the board, presenting a tremendous value for early bird investors.

Why Invest in Oman Now?

With Dubai being a mature market with high prices and growing competition, Oman represents a compelling alternative. Here’s why Oman should be on your radar:

1. Affordable Prices: Oman’s real estate market is still in its early stages, offering a low entry point for savvy investors looking to benefit from future capital appreciation.
2. Larger Living Spaces: The spaciousness of Omani apartments is an attractive feature for families and professionals seeking comfortable living at a fraction of the cost.
3. Post-Handover Payment Plans: Oman offers flexible post-handover payment plans, providing more financial ease while allowing investors to potentially start earning rental income immediately.
4. Stable Rental Yields: With rental yields of 6-7%, Oman is an appealing choice for those seeking a balance between capital appreciation and rental income.
5. Stability and Growth: Oman’s economy is gradually diversifying, focusing on tourism and real estate, which makes this an ideal time to invest before the market matures.
6. Tourism Boom: Oman is becoming increasingly popular with tourists seeking a more serene experience compared to the hustle and bustle of Dubai, increasing the potential for rental returns.
7. Foreign Ownership: Oman’s laws now allow foreigners to own property in integrated tourism complexes, which makes it easier for expatriates to invest.

Early Bird Advantage: Why You Should Act Now

Investing in Oman today could offer substantial returns as the market develops. The low prices and larger living spaces offer more for your money, while the long payment plans make the purchase process easier and less stressful. As Oman grows in popularity, prices are expected to rise, so getting in early offers significant potential for long-term gains.

This is an opportune moment for those who want to diversify their property investments. By choosing Oman, you are stepping into a market that promises growth at an affordable price, especially for buyers who may feel priced out of Dubai.

Conclusion: Time to Explore Oman

While Dubai remains a luxury hotspot, Oman offers an emerging alternative for those seeking lower prices, bigger spaces, flexible payment plans, and strong rental yields. As an investor, exploring the Omani market can not only provide better value for your money but also set you up for substantial future gains. With less financial strain and a growing economy, Oman is poised to become a real estate hotspot for early bird investors.

If you're serious about expanding your real estate portfolio, don't overlook Oman. Now is the time to act—before everyone else catches on!

Let's talk so I can assist you in exploring the Omani market for early bird investments.

WhatsApp Now : https://wa.me/447542564750

My Linkedin Profile : linkedin.com/in/mohsinjafri

Sources:

1. Per Square Foot Prices in Dubai: Property Finder UAE
2. Oman Real Estate Overview: Oman Real Estate
3. Dubai Property Prices: Bayut.com

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