Muscat: Oman's Ministry of Housing and Urban Planning (MOHUP) has announced that expats who purchase flats under the usufruct scheme will be able to hold on to their properties, even after they have left the country.
“Non-Omani owners who buy real estate in multi-storey residential and commercial buildings can keep the property even when they return to their home countries on expiry of their work contracts at a company or an organisation in Oman,” a ministry official said.
“If they wish, they can also rent the properties through a mediation office, a law firm, a realtor, or the like, to manage, rent, or oversee their assets, irrespective of whether they are within or outside Oman,” he added.