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Muriya is one of Oman's foremost developers of Integrated Tourism Complexes (ITCs) — large, master-planned seaside towns that blend freehold homes, hotels, marinas and leisure into a single destination. Founded in 2006 as a joint venture between Orascom Development Holding, the Swiss-listed integrated-town specialist behind El Gouna and Andermatt, and OMRAN Group, Oman's government tourism-investment arm, Muriya builds and operates two of the Sultanate's flagship coastal destinations: Jebel Sifah near Muscat and Hawana Salalah in Dhofar.
Regarded as a pioneer of Oman's ITC model and the most experienced seaside-destination developer in the country. Its communities are not standalone projects but live, operated towns — with hotels, marinas, beaches, retail and in-house property management — which supports sustained rental demand and a credible exit market.
Muriya has delivered residential communities and operating hotels across both of its Oman destinations, and has invested roughly $750 million in the Sultanate to date. As the local arm of Orascom Development — a group with more than 30 years of integrated-town experience — it brings an unusually deep operating track record for an Oman developer, including a recent project (Hawana Lagoons) handed over ahead of schedule.
20 years (since 2006). Two flagship ITC destinations with multiple delivered communities and over 1,000 homes handed over
Backed by two substantial parents: Orascom Development Holding (SIX Swiss Exchange–listed, with a global land bank exceeding 100 million m² and a hospitality portfolio of more than 7,000 rooms) and OMRAN Group, the Omani government's tourism-investment vehicle. This dual public-and-government backing materially lowers counterparty risk.
Muriya specialises in Integrated Tourism Complexes — government-sanctioned destinations where foreign buyers receive full freehold title, and where homes sit alongside operating hotels, marinas, beaches and leisure. Ownership comes bundled with resort infrastructure and an in-house rental operation.
Muriya's off-plan terms are typically interest-free and milestone-linked. A common structure across its Oman projects is 10% on booking, then quarterly instalments through to handover, with VAT added separately.
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Muriya is an Omani master-developer of Integrated Tourism Complexes, founded in 2006 as a joint venture between Orascom Development Holding (the Swiss-listed group behind El Gouna and Andermatt, holding ~70%) and OMRAN Group, Oman's government tourism-investment arm (~30%). It develops Jebel Sifah near Muscat and Hawana Salalah in Dhofar.
Yes. Both are designated Integrated Tourism Complexes (ITCs), which grant full freehold ownership to buyers of any nationality, with title registered in the owner's name at Oman's Ministry of Housing and Urban Planning.
Yes. Owning a freehold home in an ITC qualifies you for an Oman residence permit covering your immediate family. A 2-year property-based residency has no minimum value, while a purchase of OMR 200,000 or more can qualify for the 10-year Golden Residency. The permit is tied to continued ownership of the property.
Oman currently levies no annual property tax and no personal income tax on individuals, so rental income is presently untaxed. Buyers do pay 5% VAT on the unit price and a 3% registration fee at title issuance. Note Oman has legislated a personal income tax on high earners from 2028, so the long-term position may change.
Yes. Under Oman's Real Estate Development Law, off-plan buyer payments must be held in a dedicated escrow account at an approved bank, with the developer able to draw funds only against verified construction progress. Buyers should always pay into the project's escrow account rather than a general developer account.
Entry points start in the region of OMR 35,000 for a compact studio at Jebel Sifah's Solaris community, rising through chalets, apartments and villas at both destinations. Exact availability and pricing change frequently — contact us for the current live inventory.
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