Sohar International has launched a new Oman real estate finance product designed to make property ownership and investment more accessible. The offering targets GCC nationals and expatriates—both residents and non-residents—interested in buying or investing in properties within Integrated Tourism Complexes (ITCs).
Customers can finance up to 50% of a property’s value, with eligibility covering both completed and off-plan units in ITC projects approved by Oman’s Ministry of Housing. The new scheme directly supports Oman Vision 2040 goals of fostering economic diversification and building a dynamic real estate sector.
Housing Loans Up to $649,000
Under the Oman real estate finance scheme, Sohar International is offering housing loans of up to OMR 250,000 ($649,000) for a maximum tenure of 10 years. Buyers of under-construction properties will benefit from an 18-month grace period, easing repayment pressure during the building phase.
Customers can choose between Conventional or Shariah-compliant Islamic financing, with added benefits such as a complimentary credit card facility of up to $10,000 during construction. This flexibility highlights Sohar International’s strategy of supporting financial inclusion and enabling investors to access tailored solutions.
Boosting Vision 2040 Development
Abdulwahid Mohamed Al Murshidi, CEO of Sohar International, said the Oman real estate finance product reflects the bank’s commitment to affordability, accessibility, and investor confidence. He emphasized that enabling more individuals to invest in housing supports national development and strengthens Oman’s long-term economic prosperity.
By broadening its housing finance portfolio, Sohar International aligns with Oman Vision 2040’s objectives: encouraging foreign and local investment, supporting sustainable growth, and building a more inclusive real estate market.
