UInvest Group represents the developers whose projects we list and sells them to buyers as a sales agent, so we have a commercial interest in sales. This profile summarises public sources and our own listing data and is not investment advice. Last checked 9 October 2026.
On this page
- Talaat Moustafa Group Oman: who the developer is and what it is building in Muscat
- Ownership, history and backing
- Talaat Moustafa Group Oman projects: Yamal and Jood
- Track record: Talaat Moustafa Group's projects and results in Egypt
- How buying works with Talaat Moustafa Group Oman
- Ownership route and residency for Talaat Moustafa Group Oman buyers
- Key facts about Talaat Moustafa Group Oman
- Talaat Moustafa Group Oman and other Oman developers
- What to prepare when reserving with Talaat Moustafa Group Oman
- Frequently Asked Questions
Projects by Talaat Moustafa Group on UInvest
Yamal, Al Seeb — TMG Waterfront ITC Residences in Muscat, Oman
Yamal, Al Seeb, Muscat, Oman Details
Jood, Sultan Haitham City — Freehold Apartments & Villas in Muscat, Oman
Jood, Sultan Haitham City, Muscat, Oman DetailsTalaat Moustafa Group Oman: who the developer is and what it is building in Muscat
Talaat Moustafa Group Oman is the shorthand buyers use for the Muscat arm of Talaat Moustafa Group (TMG), the Cairo-based developer founded in 1970 and listed on the Egyptian Exchange since 2007. In Oman it is selling two very large master-planned communities in Al Seeb: Yamal, a waterfront scheme, and Jood, inside Sultan Haitham City. Both projects are sold off-plan, with developer-stated handover targets in 2029 and 2030.
TMG publishes audited results and quarterly earnings releases, and this profile draws on them together with project announcements and press coverage. For Talaat Moustafa Group Oman, the first Jood construction package was awarded in October 2026, and the developer’s stated handover dates are the fourth quarter of 2029 and the first quarter of 2030. Everything below is sourced.
| At a glance | Detail |
|---|---|
| Founded | 1970 (according to TMG’s own website); holding company listed 25 November 2007 |
| Headquarters | 34/36 Mossadek Street, Dokki, Giza, Egypt |
| Listing | Egyptian Exchange, ticker TMGH; market capitalisation EGP 188.65 billion on 19 February 2026 |
| Oman operating company | Talaat Moustafa Group Muscat Company for Real Estate Development (named in Oman Observer, October 2026) |
| Oman projects | Yamal (Al Seeb waterfront) and Jood (Sultan Haitham City) |
| Announced scale in Oman | About 4.9 million square metres; more than 14,000 homes and hotel units announced at launch |
| Oman project status | Off-plan; developer-stated handover targets of Q4 2029 and Q1 2030 |
| Sales agent | Hamptons International Oman (exclusive international mandate, February 2026) |
| Website | tmgmuscat.com |
Ownership, history and backing
TMG describes itself as having started in 1970 as a construction enterprise run by Talaat Moustafa and his sons, moving into real estate development from the mid-1980s, according to the company’s about page. The listed holding company was registered in April 2007 and floated on 25 November 2007, per its investor relations page. Tarek Talaat Moustafa chairs the board and Hisham Talaat Moustafa is chief executive. Hisham signed the Omani agreements and fronted the December 2025 launch.
According to the shareholder chart in the FY 2025 earnings release, the largest holder is TMG for Real Estate and Tourism Investment Co. with 43 percent, followed by Alexandria Construction Co. (8 percent), RIMCO EGT Investment LLC (8 percent), the Social Insurance Fund (6 percent) and a 35 percent free float. The same release reports cash of EGP 73.9 billion against total debt of EGP 11.8 billion at 31 December 2025, a net cash position of EGP 62.1 billion. The release says the Saudi and Oman projects use the same self-financing off-plan sales model as Egypt, meaning buyers’ instalments fund construction.
The Al Muhaidib partnership
The Saudi partner named in our Oman developers guide is the Al Muhaidib Group, a Saudi conglomerate that, according to its own site, was founded in 1943. The partnership began in Saudi Arabia: on 5 March 2024 the two groups announced a strategic partnership to build the Banan city in Riyadh, according to Al Muhaidib. The vehicle is TMG Saudi Arabia, established in September 2023 and, according to TMG’s own press release as republished by Daily News Egypt, 60 percent owned by TMG Holding and 40 percent by Al Muhaidib.
The same release states that TMG Saudi Arabia secured the 4.9 million square metre Oman land bank in May 2025 across two mixed-use projects. The Business Today Egypt version repeats the 60/40 split and the Oman statement. MEED likewise reported that the expansion would be handled through the Saudi arm. Al Muhaidib then published the December launch as a joint announcement titled Talaat Moustafa Group and Al Muhaidib Group Launch Jood and Yamal Projects in Oman, with Essam Al Muhaidib named alongside Hisham Talaat Moustafa. That announcement cited an investment of $5 billion, equal to about OMR 1.92 billion.
Taken together, these sources show that TMG Saudi Arabia, in which Al Muhaidib holds 40 percent, secured the Oman land bank, and that the public announcements link Al Muhaidib to both Jood and Yamal.
The Omani operating company and the government agreement
The contracting entity in Oman is named in the Oman Observer’s report on the first Jood construction award as Talaat Moustafa Group Muscat Company for Real Estate Development.
The underlying right to the land came from an agreement with Oman’s Ministry of Housing and Urban Planning, signed on 19 May 2025 on the sidelines of the 20th Oman Real Estate Conference, per Muscat Daily. TMG’s nine-month 2025 release confirms the agreement and says the projects were unveiled in October 2025 at the Home and Building Expo in Muscat.
Talaat Moustafa Group Oman projects: Yamal and Jood
Two features are common to both projects. First, they were launched together on 2 December 2025, with sales starting that Tuesday and a foundation-stone ceremony the day before or the same week, depending on the report. Second, both are sold off-plan in US dollars with a 4.5-year payment plan. Prices on this page come from our own listing pages, which are the authority for UInvest prices. Dollar prices are converted at the peg of 2.6008, so OMR 63,750 ($165,800) means $165,800 divided by 2.6008. The Omani rial is pegged to the dollar; see our peg guide.
Yamal, Al Seeb
Yamal is the coastal scheme. Our Yamal listing gives the site as roughly 2.21 million square metres with a 1,760-metre shoreline in Al Seeb, Muscat Governorate. TMG’s own site quotes 6,220 residential units, a beachfront hotel and serviced apartments, and the December launch coverage gives the hotel at 113 rooms and suites. The unit mix on our page is a 69 square metre one-bedroom (743 square feet), a 106 square metre two-bedroom (1,141 square feet), a 155 square metre three-bedroom (1,668 square feet) and a 263 square metre four-bedroom villa (2,831 square feet). The developer lists four formats: villas, beach cabins, apartments and hotel-serviced apartments.
The entry price on our page is $165,800, equal to OMR 63,750. Our page states that the smallest published layout is 743 square feet, so the entry price works out at about $223 per square foot (OMR 85.8), or OMR 924 per square metre.
Handover is stated by the developer as the fourth quarter of 2029. The airport journey is quoted as 30 minutes (27 km) in the developer’s brochure. Amenities listed include an international marina and yacht club, saltwater lagoons and canals, a seaside retail promenade and sports facilities. These are developer descriptions of planned facilities.
Jood, Sultan Haitham City
Jood is the inland residential scheme. Our Jood listing describes 7,746 homes (5,352 apartments and 2,394 villas) on 2.7 million square metres, with nearly half the site landscaped and buildings covering about 15 percent. Sultan Haitham City is the government-led new city west of Muscat; the Oman Observer reported in February 2026 that about 1,700 homes had been sold across the city, with eight developers taking part.
The published prices are for the first release, quoted in dollars. A two-bedroom apartment of 1,141 square feet costs from $204,000, which is OMR 78,437, or about $179 per square foot. A three-bedroom of 1,550 square feet costs from $285,100 (OMR 109,620), $184 per square foot. A four-bedroom of 1,981 square feet costs from $318,800 (OMR 122,578), $161 per square foot. A villa costs from $412,400 (OMR 158,567); at the 2,400 square foot quatro villa that is $172 per square foot. A larger standalone villa of 2,846 square feet is also listed. Finish is described as fully finished and unfurnished, with flooring, painted walls, doors, tiled kitchens and bathrooms, sanitary ware and split air conditioning. Handover is the first quarter of 2030.
The summary table
| Project and unit | Size (sq ft) | Entry price | $ per sq ft | Handover | Tenure and route |
|---|---|---|---|---|---|
| Yamal, 1-bedroom (69 sq m) | 743 | OMR 63,750 ($165,800) | 223 | Q4 2029 (developer) | ITC freehold; Owner Visa route |
| Jood, 2-bedroom | 1,141 | OMR 78,437 ($204,000) | 179 | Q1 2030 | Freehold per our page |
| Jood, 3-bedroom | 1,550 | OMR 109,620 ($285,100) | 184 | Q1 2030 | As above |
| Jood, 4-bedroom | 1,981 | OMR 122,578 ($318,800) | 161 | Q1 2030 | As above |
| Jood, quatro villa | 2,400 | OMR 158,567 ($412,400) | 172 | Q1 2030 | As above |
Price per square foot is the dollar price divided by the published internal area. Our price per square metre guide sets out the same calculation for other Muscat projects.
Track record: Talaat Moustafa Group’s projects and results in Egypt
TMG’s delivery record at home is best shown through audited or company-published figures rather than marketing totals, and the table below sets them out.
| Egyptian metric | Figure | Source |
|---|---|---|
| Madinaty, New Cairo | 8,000 feddans (about 33.6 million sq m); 120,000 housing units; launched 2006 | TMG Madinaty page; about page |
| Al Rehab, New Cairo | More than 10 million sq m; about 300,000 residents; launched 1997 | TMG about page |
| Units delivered, FY 2024 and FY 2025 | 3,035 and 3,196 | FY 2025 release |
| Units delivered, first half 2026 | About 1,459, up 131 percent | Zawya on H1 2026 |
| Units contracted, FY 2024 and FY 2025 | 28,965 and 18,205 | FY 2025 release |
| Sales backlog | EGP 441.2 billion (31 Dec 2025); EGP 457.9 billion (31 Mar 2026) | 1Q 2026 release |
| FY 2025 revenue and net profit | EGP 62.5 billion (up 46 percent); EGP 18.2 billion (up 43 percent) | FY 2025 release |
Madinaty and Al Rehab are large, occupied communities in Greater Cairo that TMG built and still operates, and TMG says Madinaty alone houses 400,000 people. Celia in the New Capital is delivering, and the FY 2025 release says Noor, in East Cairo, is expected to begin deliveries in the second half of 2026.
Financially the Egyptian business is large and profitable. The FY 2025 release records revenue of EGP 62.5 billion, a gross profit margin of 33.4 percent and recurring income of EGP 25.8 billion, which is 42 percent of revenue, mostly from hotels.
Contracted sales, deliveries and backlog
TMG contracted 18,205 units in FY 2025 and delivered 3,196, and contracted 28,965 against 3,035 delivered in FY 2024. Contracted sales include SouthMed, a North Coast project where TMG earns a development fee under an asset-light model. TMG carries a backlog of EGP 441.2 billion and has said it aims to double annual real estate revenue over five years.
Oman sales and construction
According to the FY 2025 release, Jood and Yamal generated a combined EGP 2.1 billion of contracted sales in the month after the December 2025 launch. The 1Q 2026 release gives roughly EGP 0.9 billion more in the first quarter. At the 49.88 Egyptian pounds to the dollar rate quoted by Billionaires Africa, EGP 3.0 billion is about $60 million, our arithmetic. TMG’s sales target for the two projects is $4.7 billion over their life, with $54.8 million of annual recurring income, according to Enterprise.
On 8 October 2026 the Oman Observer reported that TMG’s Muscat company had awarded Msandh Al-Emdad, a Saudi contractor owned by Al Kathiri Holding, a RO 11.285 million package for 160 villas and preliminary site grading in Jood. The report says the award value excludes VAT and may change after value engineering, that contract signing was expected on 5 November 2026 and that the build period is 24 months from a commencement date still to be agreed. The contractor is making its first move outside Saudi Arabia.
How buying works with Talaat Moustafa Group Oman
Sales run through Hamptons International Oman, which, according to Muscat Daily on 8 February 2026, holds an exclusive international sales mandate for both projects. TMG also runs its own sales site at tmgmuscat.com.
Payment plans
Our Yamal listing publishes four plans, and Jood uses the first. All amounts are percentages of the price.
| Plan | On booking | Within one month | Then |
|---|---|---|---|
| 4.5 years | 2.5% | 17.5% | 15% at 12 months, 15% at 24 months, three 15% instalments every 6 to 8 months, 5% on completion |
| 6 years | 2% | 10% | 71 monthly instalments and 5 annual instalments |
| 8 years, option 1 | 1.5% | 7% | 99 monthly and 14 semi-annual instalments |
| 8 years, option 2 | 1.5% | 7% | 99 monthly and 7 annual instalments |
The 4.5-year plan adds up to 100 percent: 2.5, 17.5, 15, 15, three times 15, and 5. On a $204,000 Jood two-bedroom that is $5,100 to reserve and $40,800 in the first month, which matches the example on our page. The 6- and 8-year plans are the longer, lower-deposit options. Our payment plans analysis covers how Oman developers structure instalments.
The payment schedule attached to the contract sets out the dated instalments, whether they are fixed to the project timeline or counted from the reservation date.
Escrow, contract and exit
Royal Decree 79/2025 requires a licensed developer to open a separate escrow account for each project, with buyer payments released against verified progress, according to our guide to the law. That guide dates the decree to 10 September 2025 and says it took effect on 10 March 2026. Sales made before the law took effect are to be registered within six months of March 2026, per our guide. Buyers can request the escrow bank, the escrow account number for the project and confirmation that the reservation has been recorded on the preliminary register.
Our Jood page notes that the usual exit before completion is assignment, meaning you sell your contract to another buyer, subject to the developer’s assignment policy. Our guide to selling in Oman covers the mechanics for completed homes. Our service charges guide explains how service charges work in Oman developments.
Ownership route and residency for Talaat Moustafa Group Oman buyers
Foreign ownership in Oman is limited to designated areas. The most common route is the Integrated Tourism Complex (ITC) scheme, governed by Royal Decree 12/2006 and Ministerial Decision 191/2007 and their amendments, per the Times of Oman’s July 2026 explainer. Under it, non-Omanis can own built units or plots in an ITC, and owners of completed units receive renewable residency for themselves and first-degree relatives. Our freehold guide explains the wider picture, and our guide on what foreigners cannot buy covers the exclusions.
ITC status of Yamal and Jood
Hamptons International Oman describes both as ITC developments in its February 2026 mandate announcement: “As ITC developments, Jood and Yamal will enable foreign nationals to purchase freehold residential property in Oman, with associated long-term residency benefits.” Our Yamal page reads it as ITC freehold. Our Jood page says freehold open to all nationalities in designated zones.
Sultan Haitham City has its own history. In June 2023 the housing minister said it would allow foreign ownership for eligible applicants within the state land-grant system, according to Times of Oman. Our Sultan Haitham City guide covers the city in more detail.
Golden Residency and the Owner Visa
The two routes are different, and our comparison guide covers them in full. Golden Residency needs a single ITC property worth at least OMR 200,000 ($520,160). The Owner Visa has no minimum value. On that basis:
- Prices on our list for Yamal start at OMR 63,750; the Owner Visa, which has no minimum value, is the residency route at that entry price.
- Published Jood prices on our list range from OMR 78,437 to OMR 158,567, and the Owner Visa has no minimum value.
The Owner Visa is described on our listing as covered by Royal Oman Police Decision 87/2026. Residency conditions and rules on the property can change, so confirm them with the Royal Oman Police before relying on residency in your purchase decision.
Key facts about Talaat Moustafa Group Oman
- Listed company with audited and quarterly disclosures: the FY 2025 and 1Q 2026 releases are public, and net cash was EGP 62.1 billion at the end of 2025.
- Large, occupied communities: Madinaty (launched 2006) and Al Rehab (launched 1997), on TMG’s own figures.
- Government agreement: the Ministry of Housing and Urban Planning signed the May 2025 agreement and ministers attended the December launch.
- Established regional partner: Al Muhaidib has been TMG’s partner in Saudi Arabia since 2023 (vehicle) and 2024 (public announcement), and co-announced the Oman launch.
- Construction contracting has begun: the October 2026 villa package for Jood.
Talaat Moustafa Group Oman and other Oman developers
Our developers guide gives an overview of the developers active in Oman. Visit the hub of Oman developer profiles for the full list.
Our handover calendar lets you compare stated completion dates across projects.
Egyptian developers are arriving together. Al Ahly Sabbour is building Wadi Zaha, an RO 90 million project on 420,000 square metres in the same city, per MEED. Our guide to rental yields in Oman sets out how rental yields are assessed.
What to prepare when reserving with Talaat Moustafa Group Oman
- The selling company: the legal name and commercial registration of the company named on the sale and purchase agreement, for example Talaat Moustafa Group Muscat Company for Real Estate Development.
- The ITC or approval paperwork for the zone, the form of title (freehold or usufruct) and the registry that issues it.
- Escrow details: the bank, the account for the project and the registration of the reservation under Royal Decree 79/2025.
- The dated payment schedule in writing, showing whether dates are fixed to the project or counted from booking.
- The phasing plan: which buildings are in phase one and the handover date for your block.
- The completion terms in the contract, including the handover date.
- The assignment policy and fee, and any restriction before completion.
- Service-charge estimates and who sets them.
- The specification schedule, including finishes, parking and the amenities included in your phase.
- Construction progress updates: the contractor appointed for your building and dated progress photographs from the developer.
- The Golden Residency or Owner Visa conditions that apply, confirmed with the Royal Oman Police.
- Legal review: an Omani lawyer of your choice reviews the sale and purchase agreement before you sign.
Frequently Asked Questions
Who is behind Talaat Moustafa Group Oman?
Talaat Moustafa Group Oman is the Muscat operation of Talaat Moustafa Group, an Egyptian developer founded in 1970 and listed in Cairo since 2007. It sells through Talaat Moustafa Group Muscat Company for Real Estate Development, with Al Muhaidib Group as a Saudi partner through TMG Saudi Arabia, in which it holds 40 percent according to TMG’s own press release.
What is the handover schedule for Yamal and Jood?
For Yamal, Talaat Moustafa Group Oman states the fourth quarter of 2029, according to the developer, and for Jood the first quarter of 2030. The group delivered 3,196 units in Egypt in 2025.
What is Al Muhaidib’s role in the Oman projects?
Talaat Moustafa Group Oman projects were announced jointly with Al Muhaidib Group in December 2025, and TMG says its Saudi arm secured the Oman land. Al Muhaidib owns 40 percent of that arm.
Which residency route applies at Yamal and Jood prices?
Golden Residency requires a single ITC property worth at least OMR 200,000 ($520,160). Prices on our list start at OMR 63,750 at Yamal and range from OMR 78,437 to OMR 158,567 at Jood. The Owner Visa has no minimum value.
What does a Jood or Yamal apartment cost?
Talaat Moustafa Group Oman prices on our pages start at OMR 63,750 ($165,800) for a 743 square foot Yamal one-bedroom and OMR 78,437 ($204,000) for a 1,141 square foot Jood two-bedroom. Jood villas start at OMR 158,567 ($412,400). Prices are in dollars and can change.
How do the payment plans work?
The main Talaat Moustafa Group Oman plan runs 4.5 years: 2.5 percent on booking, 17.5 percent within a month, 15 percent at 12 and 24 months, three more 15 percent instalments and 5 percent on completion. Longer 6- and 8-year plans exist on Yamal.
How does escrow work for off-plan purchases?
Under Royal Decree 79/2025, according to our guide, buyer payments for a licensed project must go into a project escrow account. Buyers of Talaat Moustafa Group Oman projects can request the escrow bank and account details in writing.
What results has Talaat Moustafa Group published?
According to its FY 2025 earnings release, TMG reported revenue of EGP 62.5 billion, net profit of EGP 18.2 billion and net cash of EGP 62.1 billion at the end of 2025. Talaat Moustafa Group Oman projects are part of this listed group.
Who is the sales agent for Talaat Moustafa Group Oman projects?
Hamptons International Oman holds an exclusive international sales mandate for Yamal and Jood, according to Muscat Daily on 8 February 2026. TMG also runs its own sales site at tmgmuscat.com for Talaat Moustafa Group Oman projects.
Where are Yamal and Jood and how large are they?
Yamal is the coastal scheme. Our Yamal listing gives the site as roughly 2.21 million square metres with a 1,760-metre shoreline in Al Seeb, Muscat Governorate. TMG’s own site quotes 6,220 residential units, a beachfront hotel and serviced apartments, and the December launch coverage gives the hotel at 113 rooms and suites. Jood is the inland residential scheme. Our Jood listing describes 7,746 homes (5,352 apartments and 2,394 villas) on 2.7 million square metres, with nearly half the site landscaped and buildings covering about 15 percent. Sultan Haitham City is the government-led new city west of Muscat; the Oman Observer reported in February 2026 that about 1,700 homes had been sold across the city, with eight developers taking part.
What unit types and amenities do the two projects offer?
The unit mix on our page is a 69 square metre one-bedroom (743 square feet), a 106 square metre two-bedroom (1,141 square feet), a 155 square metre three-bedroom (1,668 square feet) and a 263 square metre four-bedroom villa (2,831 square feet). The developer lists four formats: villas, beach cabins, apartments and hotel-serviced apartments. Amenities listed include an international marina and yacht club, saltwater lagoons and canals, a seaside retail promenade and sports facilities. These are developer descriptions of planned facilities. Finish is described as fully finished and unfurnished, with flooring, painted walls, doors, tiled kitchens and bathrooms, sanitary ware and split air conditioning.
Ask us about Talaat Moustafa Group projects
Last checked: 9 October 2026. Sources: Al Muhaidib launch announcement, Al Muhaidib partnership announcement, Zawya, Reuters via TradingView, Arab Finance, TMG FY 2025 earnings release, TMG 1Q 2026 release, TMG 9M 2025 release, Oman Observer, Jood contract, Muscat Daily, May 2025, Muscat Daily, Hamptons mandate, Times of Oman, ITC framework, TMG investor relations, tmgmuscat.com. Prices come from UInvest listing pages and are converted at OMR 1 = $2.6008.
