A decision issued by the Ministry of Housing in the Sultanate of Oman allows real estate investment funds established in the Sultanate, and licensed by the General Authority for Capital Market, to own real estate necessary for the practice of its licensed activity, through purchase, according to controls, including that the property to be owned must be existing, and that the ownership is limited to properties with commercial, residential, commercial, industrial and tourist use, and may own existing residential complexes provided that the area of the residential complex is not less than 10 thousand square meters, and real estate investment funds may not own vacant land and may not own properties with agricultural use.

Real estate investment funds are not allowed to own properties with agricultural use. According to a decision issued by Sheikh Saif bin Mohammed Al Shubaibi, the Omani Ministry of Housing has issued new regulations regarding the ownership of real estate investment funds (REITs), stating that REITs that are not wholly owned by Omanis are not allowed to accept applications for properties in Musandam, Dhahra, Buraimi, Dhofar (except Salalah), Luwah, Shenas, Duqm, Green Mountain Deputy, Jebel Shams, Islands, old neighborhoods, all concession areas and other prohibited areas approved by the Ministry of Housing.

The decision states that REITs that are not wholly owned by Omanis will not be accepted for properties in each of the Musandam, Dhahra, Buraimi and Dhofar governorates.