Under-Construction Apartments for Sale in Oman

Under-construction apartments are an excellent option for investors and homebuyers looking to benefit from competitive prices and modern designs in Oman’s real estate market. This article will explore the advantages and disadvantages of purchasing under-construction apartments, highlight the best areas to buy these properties, provide an overview of average prices, and compare ready-to-move-in apartments with under-construction ones. We will also introduce one of the top projects marketed by Imtilak Global in Oman.

Advantages of Buying Under-Construction Apartments in Oman

Buying an under-construction apartment comes with several advantages that make it a preferred choice for many:

• Lower Initial Cost: Under-construction apartments are generally more economical compared to ready-to-move-in units. Investors can secure better prices in the early stages of the project, offering a great opportunity for profit when the property’s value increases as the completion date approaches.
• Greater Customization Opportunities: When purchasing an under-construction apartment, buyers often have the opportunity to customize various aspects of the unit, such as interior design, materials, and colors. This allows buyers to create a home that perfectly aligns with their needs and tastes.
• Benefit from the Latest Technologies: New projects typically incorporate innovative building techniques and advanced technologies to enhance energy efficiency and reduce long-term operating costs. Examples include effective thermal insulation and the use of renewable energy sources.
• Flexible Payment Plans: Many under-construction projects offer flexible payment plans, allowing buyers to spread out the costs over a longer period instead of paying a large sum upfront. This makes it easier for individuals with limited budgets to enter the real estate market.
• Potential for Property Appreciation: Due to the prime locations of many under-construction projects in Oman Sultanate, the value of these properties is expected to rise significantly after completion, ensuring lucrative returns on investment.

Disadvantages of Buying Under-Construction Apartments in Oman

Despite the numerous advantages, there are some challenges in Oman to consider when purchasing an under-construction apartment:

• Uncertainty Regarding Construction Quality: When buying an under-construction apartment, there is always a risk associated with the final quality of the construction. What is expected might differ from what is eventually delivered, leading to disappointment for the buyer.
• Delays in Completion: It is common for under-construction apartment projects to face delays due to construction issues or difficulties in obtaining necessary permits. This can negatively impact buyers’ plans, especially if they are counting on a specific completion date for purposes like renting or moving in.
• Economic Fluctuations: Sudden changes in economic conditions, such as inflation or rising raw material costs, may increase the overall project costs, affecting the final prices or delaying the delivery of units.
• No Immediate Cash Flow: Unlike ready-to-move-in apartments, which can be rented out immediately after purchase, under-construction apartments require waiting until the construction is complete before generating any income. This makes them less attractive to investors looking for quick cash flow.

Best Areas in Oman to Buy Under-Construction Apartments

Oman boasts a diverse geographical and architectural landscape, offering a variety of options for purchasing under-construction apartments in different areas:

• Muscat: The Omani capital is the center of business and cultural activities and is one of the best areas to invest in under-construction properties. Areas like Yiti, Al Qurum, and Airport Heights are gaining increasing attention from real estate developers, offering upscale residential projects with modern designs.
• Salalah: Known as a tropical paradise due to its moderate climate and stunning natural scenery, Salalah is experiencing rapid growth in the real estate sector, especially in coastal areas like Al Haffa and Al Saadah, making it an ideal destination for investors seeking competitively priced under-construction apartments.
• Sohar: Located on the northern coast of Oman, Sohar is one of the fastest-growing cities in the country, particularly with the expansion of Sohar Port and Freezone, making it an excellent location to buy under-construction apartments.

Average Prices of Under-Construction Apartments in Oman

The prices of under-construction apartments in Oman vary based on several factors, including location, apartment size, and the amenities offered. Here is an overview of average prices:

• Muscat: Prices range between OMR 70,000 and OMR 150,000, with higher prices in central areas like Al Qurum and Al Khuwair.
• Salalah: Prices range between OMR 50,000 and OMR 100,000, with Al Saadah being particularly attractive due to its proximity to the sea.
• Sohar: Prices can range between OMR 60,000 and OMR 120,000, with a focus on areas near the port.

Imtilak Global plays a pivotal role in helping buyers find the best deals at the most competitive prices, thanks to its extensive experience and deep knowledge of the Omani market. The company provides specialized consultations and comprehensive services that help clients make informed investment decisions.

Which is Better for Investment in Oman? Under-Construction or Ready Apartments?

When deciding whether to invest in under-construction or ready-to-move-in apartments, several factors should be considered:

• Under-Construction Apartments: These properties offer the potential for higher profits in the long run, as their value can increase significantly after the construction is completed. They also provide customization options and flexible payment plans. However, this type of investment requires patience and involves some risks associated with delays and market changes.
• Ready Apartments: These provide immediate income through rent and are considered a safer option compared to under-construction apartments. They are suitable for investors looking for quick cash flow or those who wish to move in immediately.

The choice between the two options depends on the investor’s goals and needs. If the investor is looking for higher returns and is willing to take on some risk, under-construction apartments may be the better choice. On the other hand, if the goal is to benefit from immediate income and avoid risks, ready-to-move-in apartments are more suitable.

Under-Construction Apartments for Sale in Oman by Imtilak Global

Aida by DarGlobal is one of the leading real estate projects marketed by Imtilak Global in Oman. The project is located in the Yiti area of Muscat, one of the most promising locations in the capital. Aida combines luxury and comfort through its modern architectural designs. The apartments in this project offer spacious layouts and flexible interior designs that can be customized according to the buyer’s preferences.

This project is currently under construction and is expected to be delivered in the last quarter of 2028, giving buyers ample time to plan and prepare for moving in or for investment purposes. The Aida by DarGlobal project is strategically located, offering a serene living environment that combines proximity to the beach with stunning mountain views.

Imtilak Global provides comprehensive and detailed information about this project, in addition to offering specialized real estate consultations to help clients make the best decision that suits their needs and aspirations.

Seize the Best Real Estate Opportunities in Oman with Imtilak Global

If you are looking for a successful real estate investment in Oman, Imtilak Global offers you the best opportunities and deals available in the market. With its deep expertise and specialized team, Imtilak Global guarantees the provision of outstanding real estate consultations and comprehensive services that meet all clients' needs.

Do not hesitate to contact Imtilak Global to start your journey towards owning property in Oman, where the company offers you the best deals at the best prices in the most attractive locations in the country.