Maysan Properties Oman: Developer Profile, Projects and Portfolio

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• Starting from $76,700
• Up to $115,700

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Maysan, Duqm — Apartments in Oman’s Special Economic Zone

• Starting from $76,700
• Up to $115,700

Maysan Square, Duqm, Oman

• Apartment, Cheap Houses, Studio

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Maysan Properties Oman: who the developer is and what it builds

Maysan Properties Oman is the shorthand buyers use for Maysan Properties SAOC, an Omani closed joint stock real estate developer incorporated in 2018 and based in Azaiba, Muscat. Its main address is Maysan Square, a mixed-use business and residential district inside the Special Economic Zone at Duqm (SEZAD) on Oman’s central coast, built under a usufruct agreement with the zone authority. Our Maysan, Duqm listing covers the apartment collection within it: studios, one-bedroom and two-bedroom apartments with prices starting from OMR 29,500 ($76,724).

This profile of Maysan Properties Oman draws on the developer’s own website, Oman Observer, Times of Oman, Middle East Construction News and the zone authority’s published material, together with the tables on our own listing page. Where a statement comes from the developer, we say “according to the developer”. Maysan Properties Oman also built Rose Village, a gated townhouse community in the Muscat Hills freehold community, and the Orchid Residences in Al Mawaleh, so the portfolio section below sets out all three. Everything here was checked on 10 October 2026.

The sections that follow cover the company and its shareholders, the Maysan Square masterplan and the apartments on our listing, the Duqm zone around them, the wider portfolio, how a purchase works, the ownership route and residency position, and a reservation checklist. For the wider map of who builds what in Oman, see our guide to Oman property developers and the developers hub.

Maysan Properties Oman at a glance

Ownership, history and backing

Maysan Properties was established in 2018 as a closed joint stock company. According to Oman Observer’s report on the company’s land agreement, Mehdi Group LLC and Al Labib Business and Services Company were its lead partners, alongside other Omani investors. The company describes itself on its about page as an established developer whose founders are a mix of experienced companies and specialists. The same page lists its board as Maqbool bin Ali Salman (chairman), Harib Al Kitani (vice chairman), Sadiq Jaffer Sulaiman (Group CEO), Nabeel Sulaiman and Ali Al Lawati.

The company’s first public step was a land development agreement with Muscat Hills, reported by Oman Observer on 30 April 2018. It covered 11,000 square metres inside the Muscat Hills freehold community and was signed on behalf of Maysan Properties by Redha Mehdi Jawad. The residential complex planned on that land became Rose Village, launched in May 2018 and open, according to the developer, to Omani citizens, GCC nationals and expatriates of other nationalities.

Leadership

Sadiq Jaffer Sulaiman has led the company as chief executive since its start. According to his Forbes Middle East profile, he previously held executive roles at Al Manar Construction, Rezone Property and Al Khonji Real Estate and Development, and he is included in the magazine’s 2024 list of impactful real estate leaders in the Middle East. He signed the Duqm usufruct agreement with SEZAD in January 2020, fronted the January 2021 launch of the first phase of Maysan Square and attended the June 2026 inauguration.

Organisation and group companies

The developer’s news page records that Maysan Properties completed an organisation-wide implementation of SAP Business One in September 2022, and that its subsidiary Rezone Property won a real estate services award in November 2022. Rezone Property is the company where the chief executive previously held an executive role, and it provides property services alongside the development business. The developer publishes its contact details on its website.

Awards listed by the developer

The developer’s news and updates page lists Dossier Awards in November 2022, covering a residential project category (Rose Village), a chief executive category and a real estate services category (Rezone Property). It lists two Dossier Construction Awards in October 2024, one for Residences 1 in Duqm in a residential investment property category and one for the chief executive. These are the developer’s own statements of awards received.

Maysan Properties Oman projects: Maysan Square and Residence One in Duqm

Maysan Properties Oman has one project on our site: the apartment collection inside Maysan Square. The details below combine what the developer publishes, what the press has reported and what our listing page shows. Prices come from our listing page and are converted at the Omani rial peg of 2.6008 US dollars per rial. Our guide to the rial peg explains why the conversion is a fixed arithmetic step.

Maysan Square: the masterplan

Maysan Square is a mixed-use masterplan of 20 buildings across five phases on a plot of about 100,000 square metres, according to the developer’s Maysan Square page and the usufruct agreement coverage in Oman Observer in January 2020. The report gave the development cost as RO 43 million (about $111 million) and described a commercial complex, shops, restaurants and cafés, offices, apartments for sale and for rent, serviced apartments, business hotels, a multi-purpose hall and leisure and retail facilities. The agreement was signed by the SEZAD chairman, Yahya bin Said Al Jabri, and the Maysan Properties chief executive, and Middle East Construction News reported that the project was expected to create about 500 direct jobs.

On the developer’s Maysan Square page, half of the plot is public urban space with retail frontage and a green boulevard, linked by pedestrian routes. The developer places the site between two main highways and quotes travel times of 10 minutes to the Port of Duqm, 10 minutes to the Dry Dock, 5 minutes to the old town, 15 minutes to the Duqm refinery and 15 minutes to Duqm International Airport.

The phases have been announced in sequence. The January 2021 launch presented the first phase as an office complex on a 12,000 square metre plot and office units of 45 to 75 square metres. In April 2022 Maysan Properties awarded the phase-one construction contract to Khimji Ramdas, described by Oman Observer as a complex of three wings with office and retail units.

The Oman Observer’s coverage of the Duqm zone’s mid-2025 results listed the Maysan Square integrated business complex at 80 percent completion. On 8 June 2026 the district was inaugurated under the patronage of Qais bin Mohammed Al Yousef, chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), as Times of Oman reported. The first phase comprises 104 residential and 130 commercial units, the full project is planned at 424 serviced residential units, and the developer said investors from 22 countries had taken part.

Residence One: the apartments on our listing

Residence One is the residential building within the square. The developer’s Residences page describes apartments from the ground floor to the fifth floor, in studio, one-bedroom and two-bedroom layouts, with access limited to residents through electronic entry systems. The first phase inaugurated in June 2026 includes 104 residential units. Times of Oman described the residences as a five-minute walk from the offices, cafés and grocery shops of the square.

Our listing records that Residence One has been handed over and is generating rental income for its owners, while later phases remain under delivery. The developer’s news page also records the Residences 1 award from October 2024 described above.

Unit types and prices on our listing

Our listing publishes three price points, all in Omani rials. A studio starts from OMR 29,500, which is $76,724 at the peg. A one-bedroom starts from OMR 33,250 ($86,477) and a two-bedroom from OMR 44,500 ($115,736). All three are below the OMR 200,000 ($520,160) level that the Golden Residency programme uses, a point the ownership section returns to. Our price per square metre guide shows how a price per area is calculated once a unit’s floor area is stated in the reservation documents.

Because Residence One is a completed building, a buyer there is looking at a built unit rather than a drawing. Our listing notes that units in later phases may be priced differently from the completed phase, and a reservation form should name the phase and the specific unit. Handover dates for later phases are set in each sale and purchase agreement, and our handover calendar collects stated completion dates across Oman projects for comparison.

Tenure on our listing

Our listing states that Maysan apartments are sold on a 99-year leasehold title, and that Maysan Properties and SEZAD anticipate future conversion to full freehold. The developer’s own site describes the project as offering residency visas to its buyers and as benefiting from the tax exemptions of the zone. The Royal Decree that governs zones now permits developers to sell units to non-Omanis as freehold in the manner set out in regulations, which the ownership section explains. The sale contract is the document that states the title of a unit.

Fees and taxes quoted on our listing

Our listing quotes 0 percent VAT on the purchase and a 0.5 percent registration fee. These are developer-supplied terms as shown on our page. A buyer applies them to a specific transaction by asking for the fee schedule in writing, and our service charges guide explains the recurring cost that sits alongside the purchase price.

Projects summary

Duqm and the Special Economic Zone around Maysan Properties Oman projects

Maysan Properties Oman builds in a location that works differently from Muscat’s resort communities, so the setting is part of the profile. The Special Economic Zone at Duqm covers 2,000 square kilometres and was established in 2011, according to the OPAZ zone page. The authority lists industrial, tourism, trade, logistics and real estate development among its sectors, and says foreign ownership of companies in the zone can be 100 percent. Our listing places Duqm in Al Wusta Governorate, about 550 kilometres south of Muscat.

Government figures show the scale of activity. Oman Observer reported in November 2025 that committed investment at the zone stood at RO 6.323 billion at the end of June 2025, up 5.3 percent on a year earlier, with more than 12,400 workers in the zone, of whom 3,245 were Omani, and 225 new commercial registrations in the first half of 2025. The same report listed a green steel plant, a green ammonia project and a wind turbine factory among the projects under way, together with road works linking Duqm Airport to Ras Markaz.

Energy and port assets sit near Maysan Square. The Duqm refinery is a joint venture between OQ and Kuwait Petroleum International with a stated capacity of 230,000 barrels a day, as described in The Energy Year’s project highlight. A June 2026 OPAZ presentation reported by Oman Observer covered a 31 square kilometre waterfront masterplan with a 15 kilometre coastline and more than 3,700 residential units planned by 2040, with 16 tourism projects completed at the end of 2025. These are zone-level plans, and they show the housing and hospitality supply that surrounds Maysan Square.

The housing audience for the district is the workforce of the port, refinery, dry dock and industrial companies, along with professionals who come for contracts of different lengths. Our listing describes rental demand as anchored in that workforce, and reports that Residence One has been generating rent since handover. For wider context on how yields are assessed across Oman, see our rental yields guide.

Portfolio and track record

The record below is set out in the order the projects were announced. Each row cites a public source, and projects of the developer outside Duqm are included so that the picture of Maysan Properties Oman is complete.

Rose Village, Muscat Hills

Rose Village is a gated community of 39 townhouses in Muscat Hills, which the developer describes as overlooking the Muscat Hills golf course and Madinat Al Irfan. The units are three-storey homes of 260 to 300 square metres with three or four bedrooms, and the developer lists a rooftop pool, garden, barbecue terrace, branded kitchens and optional private elevator among the features. The developer gives driving times of five minutes to the Oman Convention and Exhibition Centre and ten minutes to Muscat City Centre and the new airport.

The project was sold under a freehold structure open to Omanis and non-Omanis, with a residence visa for foreign owners and their families, according to the developer. The contractor was Al Arkan Contracting under an agreement reported in April 2019, and the developer’s news page records residents moving in during January 2023.

Orchid Residences, Al Mawaleh

The Orchid Residences in Al Mawaleh is described on the developer’s page as a residential and commercial building of nearly 30 units, with wide corridors and several lifts. The developer calls it the second project under the Orchid brand, after Orchid Al Athaiba in 2018. It gives driving times of five minutes to Muscat City Centre and As’Sahwa Park and ten minutes to Muscat International Airport. We do not list this project, and the figures come from the developer’s page.

Maysan Square beyond the apartments

The commercial parts of Maysan Square are sold to owners and tenants of different sizes. The developer states that the square provides standard and flexible office space for businesses of all sizes, with short and long rentals, and furnished offices on request. Because it combines workplaces, shops, a planned business hotel and homes in one walkable site, the apartments on our listing share a district with the offices in the first phase.

How buying works with Maysan Properties Oman

A purchase from Maysan Properties Oman follows the sequence used across Oman, with a few Duqm-specific points. Our payment plans analysis explains how Oman developers structure instalments, and the developer’s current schedule for a specific unit is set out in the reservation documents.

1. Choose the phase and the unit. Residence One units are completed, and units in later phases follow the stages announced for Maysan Square.
2. Reserve the unit. A reservation agreement and a deposit hold the unit and its price while the sale and purchase agreement is prepared.
3. Sign the sale and purchase agreement. For a completed unit it records the price and the title terms. For a later phase it adds the payment schedule, the specification and the handover date stated by the developer.
4. Pay through the schedule. Instalments for an unfinished phase follow the dated schedule in the agreement.
5. Inspect and accept. A snagging inspection records finishing points for correction before the formal handover.
6. Register the title. The registration fee quoted on our listing is 0.5 percent of the price for units in the zone, and the registry that issues the title is named in the contract.

Escrow and the off-plan law

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. Our guide dates the decree to 10 September 2025 and says it took effect on 10 March 2026. For a later-phase unit at Maysan, a buyer can ask for the escrow bank, the project account and confirmation that the reservation has been recorded on the preliminary register. A completed unit in Residence One does not involve instalments on a building under construction.

Currency and payment

Our listing prices are in Omani rials. The rial has been pegged to the US dollar since 1986, which means a buyer paying from a dollar-linked currency pays a fixed rate. The payment schedule for a later phase is stated in rials in the agreement, and a buyer can ask whether dates are counted from the reservation or fixed to project milestones.

Leaving the investment later

Buyers who later sell or let a unit follow the process in our guide to selling property in Oman. Our listing notes that owners who let a unit typically use a local property manager. A buyer can ask the developer for its transfer procedure and any fee before signing.

Ownership route and residency for Maysan Properties Oman buyers

Foreign ownership in Oman is allowed in designated areas. Two routes matter in this profile: the Integrated Tourism Complex (ITC) regime in which Muscat’s resort communities were sold, and the zone regime in which Maysan sits. They are separate legal frameworks, and our freehold guide and our guide on what foreigners cannot buy set out the wider picture.

The zone regime and Royal Decree 38/2025

Royal Decree 38/2025, promulgated on 7 April 2025, issued the Law of Special Economic Zones and Free Zones. Article 42 provides that land for real estate development is allocated by usufruct and that a developer may sell units to non-Omanis as freehold in the manner specified by regulation, as summarised by Oman Observer in June 2025. OPAZ’s Duqm frequently asked questions say land in the zone is made available by usufruct contract that can be renewed. Mondaq’s summary adds that existing operators keep their current advantages until their agreements expire.

On the title itself, our listing states that the units are sold on a 99-year leasehold and that Maysan Properties and SEZAD anticipate future conversion to full freehold. The contract and the registry record are what establish a unit’s title on any given day, so a reservation file should include the current title document and any conversion terms the developer has issued.

Residency

The developer states that Maysan Square offers residency visas to all its buyers, and the Residences page lists a residency visa for the buyer and family among the benefits of ownership. The decisions on visas are made by the Royal Oman Police, so a buyer should obtain the visa terms, duration and any minimum purchase value in writing from the developer before reserving.

Two national programmes are separate from that. Golden Residency needs a single ITC property worth at least OMR 200,000 ($520,160) and is decided by the Royal Oman Police. The Owner Visa has no minimum value. Prices on our listing run from OMR 29,500 to OMR 44,500, which is below OMR 200,000, and our comparison of Golden Residency and the Owner Visa explains which route fits which property.

Key facts about Maysan Properties Oman

• Maysan Properties SAOC was established in 2018 with Mehdi Group LLC and Al Labib Business and Services Company as lead partners.
• Its Duqm masterplan, Maysan Square, covers about 100,000 square metres across 20 buildings and five phases, under a usufruct agreement with SEZAD signed in January 2020.
• The first phase was inaugurated on 8 June 2026 with 104 residential and 130 commercial units, according to Times of Oman.
• Our listing shows studios from OMR 29,500, one-bedrooms from OMR 33,250 and two-bedrooms from OMR 44,500.
• Our listing records Residence One as handed over and generating rental income, with later phases under delivery.
• Tenure on our listing is a 99-year leasehold, with conversion to freehold anticipated by the developer and SEZAD.
• The developer’s other projects are Rose Village (39 townhouses, Muscat Hills) and the Orchid Residences (nearly 30 units, Al Mawaleh).
• The company’s chief executive, Sadiq Jaffer Sulaiman, is included in Forbes Middle East’s 2024 list of impactful real estate leaders.

Maysan Properties Oman and other Oman developers

Developers on our site work in different parts of the country, and the table lists where each one’s projects are located so a reader can place Maysan Properties Oman on the map. Each profile has the same structure, and the figures come from the sources cited in that profile.

The full list of profiles is on the Oman developers hub, and our developers guide compares the wider market. A buyer deciding between Duqm and a Muscat community compares title terms, location and the rental base, and the profiles linked above give the equivalent facts for those communities.

What to prepare when reserving with Maysan Properties Oman

These are the documents a reservation normally involves, set out as a checklist for a Maysan purchase.

1. The reservation form naming the unit, the building and the phase, with the price and the deposit.
2. The sale and purchase agreement, including the handover date for later phases and the title terms.
3. The legal name and commercial registration of the selling company, Maysan Properties SAOC.
4. The usufruct and title documents for the plot, and the form of title issued to the buyer (leasehold or freehold) with the registry that issues it.
5. Escrow details for a later-phase unit: the bank, the project account and the record of the reservation under Royal Decree 79/2025.
6. The dated payment schedule, showing whether dates are fixed to milestones or counted from reservation.
7. The fee schedule: the registration fee, the VAT treatment quoted on the listing and any administration charges.
8. The service-charge schedule for the building and the masterplan, and who sets it.
9. The residence visa terms the developer states for buyers, with the duration and any conditions.
10. The specification schedule for finishes, furniture, parking and the amenities in the phase.
11. The transfer procedure and fee, for a later sale of the unit.
12. Legal review of the agreement by the buyer’s Omani lawyer before signing.

Frequently Asked Questions

Who is behind Maysan Properties Oman?

Maysan Properties Oman is Maysan Properties SAOC, a closed joint stock developer established in 2018 with Mehdi Group LLC and Al Labib Business and Services Company as lead partners, according to Oman Observer. Sadiq Jaffer Sulaiman is the Group CEO, and the head office is in Azaiba, Muscat.

What does Maysan Properties Oman sell in Duqm?

Maysan Properties Oman sells studios, one-bedroom and two-bedroom apartments in Maysan Square, with prices on our listing from OMR 29,500 ($76,724) for a studio, OMR 33,250 for a one-bedroom and OMR 44,500 for a two-bedroom. Residence One is handed over, and later phases are under delivery.

What is the tenure of Maysan Properties Oman apartments?

Maysan Properties Oman apartments are sold on a 99-year leasehold title, according to our listing, with Maysan Properties and SEZAD anticipating future conversion to full freehold. Royal Decree 38/2025 allows developers in special economic zones to sell units to non-Omanis as freehold in the manner set out in regulations.

Does a Maysan Properties Oman purchase include a residence visa?

Maysan Properties Oman states on its website that Maysan Square offers residency visas to all its buyers. Golden Residency is separate: it needs a single ITC property worth at least OMR 200,000, and prices on our listing are below that. The Owner Visa has no minimum value.

What taxes and fees apply to a Maysan Properties Oman purchase?

Maysan Properties Oman units carry 0 percent VAT and a 0.5 percent registration fee according to our listing. A buyer confirms the treatment for a specific unit in writing.

Where is Maysan Square and what is around it?

Maysan Properties Oman builds Maysan Square in the Special Economic Zone at Duqm, in Al Wusta Governorate, about 550 kilometres south of Muscat. The developer gives travel times of 10 minutes to the port and the Dry Dock, 15 minutes to the refinery and 15 minutes to Duqm International Airport.

What else has Maysan Properties Oman built?

Maysan Properties Oman built Rose Village, 39 townhouses of 260 to 300 square metres in Muscat Hills, and the Orchid Residences in Al Mawaleh, a building of nearly 30 units. The developer’s news page records residents moving into Rose Village in January 2023.

How large is Maysan Square?

Maysan Properties Oman describes Maysan Square as 20 buildings across five phases on about 100,000 square metres. The June 2026 inauguration covered a first phase of 104 residential and 130 commercial units, with 424 serviced residential units planned across the full project, according to Times of Oman.

How does escrow work for later phases at Maysan?

Maysan Properties Oman later-phase buyers are covered by Royal Decree 79/2025, which requires project escrow accounts with payments released against verified progress, according to our guide. A buyer can request the escrow bank and account details in writing before paying a deposit.

Ask us about Maysan Properties projects

Last checked: 10 October 2026. Sources: Maysan Properties website, Maysan Square page, Residences page, developer news page, Oman Observer, Duqm agreement, Middle East Construction News, OPAZ, phase one launch, Oman Observer, construction pact, Times of Oman, inauguration, Oman Observer, Duqm strategy, Oman Observer, SEZ freehold, OPAZ, Duqm zone, Forbes Middle East. Prices come from the UInvest listing page and are converted at OMR 1 = $2.6008.