Al Nama Real Estate Oman: Developer Profile, Projects and Portfolio

For Sale

• Starting from $194,100
• Up to $241,000

For Sale

Opal Residences, Muscat Hills, Oman

• Starting from $194,100
• Up to $241,000

Opal Residences, Muscat Hills, Muscat, Oman

• 883 sq ft
• Apartment, Studio

Details

2 months ago

2 months ago

Al Nama Real Estate Oman: Who the Developer Is and What It Builds

Al Nama Real Estate Oman is a privately held Omani property company, established in 2002 and based in Al Azaiba, Muscat. According to its own About page, it develops residential, commercial and hospitality projects and also provides property management and real estate marketing services. This profile covers Al Nama Real Estate Oman for buyers who are looking at its current apartment project in Muscat Hills, Opal Residences, and who want to understand the company behind it before they reserve a unit.

The company’s website is alnama-om.com and its press coverage is carried by the Times of Oman, while its corporate page on LinkedIn gives the founding year and the Muscat head office. The Ministry of Housing and Urban Planning lists the company’s Izki neighbourhood among its integrated residential projects. Together these sources describe a Muscat-based developer with a current apartment launch, a project in Salalah and a neighbourhood scheme in Al Dakhiliyah.

Our site lists one Al Nama Real Estate Oman project: Opal Residences, Muscat Hills, an apartment building with a handover target of Q4 2028 per the developer. The developer’s own projects page shows two projects, Opal in Muscat and Arina Residences in Salalah, and its website also describes a collaboration with a waqf in Nizwa; the Ministry of Housing and Urban Planning lists an integrated neighbourhood in Izki. The sections below set out each of these with a source, then describe the Opal figures from our listing in detail: unit types, sizes, prices, the milestone payment plan, the service charge and the location.

The page is written for buyers who read in English and who want the facts in one place. For the wider map of who builds what in the country, see our guide to Oman property developers and the developers hub, which lists the other developer profiles on this site.

Al Nama Real Estate Oman at a Glance

Ownership, History and Backing

Al Nama Real Estate Oman states that it was established in 2002 and that for more than twenty years it has contributed to shaping the urban landscape of the Sultanate. Its About page describes the company as a partner in urban development and in the objectives of urban economic growth. LinkedIn gives the same founding year, lists the headquarters as Muscat and describes the company as privately held. The postal address on the website is P.O. Box 1131, P.C. 130, Al Azaiba.

The Times of Oman report on the Opal launch names the chief executive as Sheikh Is’haq bin Abdullah Al Hoqani, who spoke at the launch ceremony about the new residential project and the company’s work team. The company is privately held, and LinkedIn describes its business as real estate development focused on projects in Oman.

The company’s activities fall into three groups. The first is development: apartment buildings, neighbourhoods and commercial space. The second is property management, which matters to a buyer because a developer that also manages buildings has a continuing role after handover. The third is real estate marketing, and the company’s website carries a listings section with filters for lands, residential, commercial and industrial property in areas such as Muscat, Ruwi, Al Khoud, Bawshar, Al Ghubra and Mabela.

A timeline built from dated sources

In sequence, the record shows a company established in 2002 with a public project record that becomes detailed from 2025, when the Izki neighbourhood agreement and the Opal launch were both reported in the press. The sections that follow take the projects one at a time.

Projects We List: Al Nama Real Estate Oman at Opal Residences

Our listing for the company covers one project. The prices and sizes below come from the unit and price tables on our Opal Residences listing page. Dollar prices are taken from the listing; rial figures are converted at the 2.6008 peg and rounded to the nearest rial, so they are approximate. Our guide to the Omani rial peg explains why a dollar-based buyer sees the same rial figure from one day to the next.

Opal Residences, Muscat Hills

Opal Residences is the apartment project that Al Nama Real Estate Oman launched in Muscat Hills, Muscat Governorate. The developer’s project page describes it as a residential project in Muscat Hills with freehold ownership, and gives 5 May 2025 as the project date. Times of Oman reported the launch ceremony, held under the patronage of His Highness Sayyid Marwan bin Turki Al Said, Governor of Dhofar, and attended by members of the Royal Family, ministers, undersecretaries, diplomats, businesspeople and developers.

The press report gives the following project-wide figures: an area of 41,000 square metres, 279 residential units and 23 commercial units. It also lists a 400-metre overhead pathway, a swimming pool, a gym, a sauna and a relaxation area, together with other recreation and sports facilities. Our listing page describes the apartment building offered to buyers as a seven-storey block with two basement levels, and shows 77 units currently available.

The listing sets out four product lines. Studios start at 431 sq ft (40 m²). One-bedroom apartments start at 883 sq ft (82 m²) and two-bedroom apartments at 1,206 sq ft (112 m²). The homes with a study and a maid’s room reach 1,668 sq ft (155 m²), with prices given in the sales-office price list. Parking is underground, with one space per apartment, and the building is gated.

Price per square foot is the listed price divided by the stated size: $194,100 divided by 883 sq ft is $219.82, and $270,900 divided by 1,206 sq ft is $224.63. In rials per square metre the same figures are about OMR 910 for the one-bedroom (OMR 74,631 divided by 82 m²) and OMR 930 for the two-bedroom (OMR 104,160 divided by 112 m²). Our guide to Oman property prices per square metre shows how to compare these figures with other projects. The sales office provides the current price list for the studio and for the larger layouts.

What the apartments include

The listing describes the apartments as handed over finished, in a neutral palette with marble-effect and stone-effect materials. The kitchen has European cabinetry with integrated appliances. Entry is keyless, with fingerprint and passcode access. Every layout has a balcony and a dedicated laundry area, windows are panoramic, and the building has central air conditioning. Larger homes have several bathrooms and the study and maid’s-room options. The facade uses beige panels with a stone texture, and the lobby has high ceilings, a reception desk, seating that overlooks a planted internal courtyard and decorative lighting. The developer’s project page describes the project as a residential development in a quiet setting.

Amenities

The payment plan: ten construction milestones

The Opal plan on our listing is tied to construction events instead of calendar dates. The buyer pays 20% on signing the sale and purchase agreement, then 10% at each of the start of excavation, completion of the foundation, structural work on basement levels B1 and B2, the first-floor structure and the third-floor structure. A further 5% falls due when the sixth-floor structure is complete and 5% when all structural work is complete. Finishing works complete trigger 10%, and the final 10% is paid on completion. That adds up to 90% before completion and 10% on completion. Our guide to payment plans in Oman compares this structure with others.

The amounts are calculated from the entry prices of the one-bedroom and the two-bedroom; the price of a specific unit sets the actual instalments. Because each instalment is linked to a stage of the building, a buyer can match payment dates to progress on site, and the sales office explains how each stage is certified.

Service charge

The service charge on our listing is OMR 6.5 per square metre. Applied to the stated sizes, it gives the figures below. On the one-bedroom, OMR 533 is about 0.71% of the OMR 74,631 entry price. The sales office confirms the billing period and the services covered, and our guide to service charges in Omani real estate explains what such charges normally include, such as common-area maintenance, pool and gym upkeep, security and insurance of shared parts.

Handover target

Per the developer, the handover target for Opal Residences is Q4 2028, as shown on our listing page. Our handover calendar places Opal Residences in the Q4 2028 group of projects alongside Mira Ocean Estates in Salalah and others, which is useful when a buyer is lining up the end of a rental or the sale of another property against a completion date. The dated sale and purchase agreement states the contractual handover date.

Muscat Hills: The District Around Opal Residences

Muscat Hills is a district of Muscat that includes Muscat Hills Golf and Country Club, a par-72, 18-hole course designed by Paul Thomas, which opened in 2009; Gulf News reported in April 2023 that the course would reopen as La Vie Club. According to the same report, the golf course was developed by Oman Real Estate Investment Services (ORIS), the real estate division of Ominvest. Al Nama Real Estate Oman is the developer of the Opal building.

Our listing gives drive times from Opal Residences to a range of places, which describe the location in concrete terms. The airport is 14 minutes away, and the listing also names a university, a technological college, an international school, the Oman Convention and Exhibition Centre, a hypermarket, a golf course and a beach.

Because the schools, colleges, shops and convention venue named above are in operation now, a buyer can visit them and time the drives before reserving. For buyers who plan to let the apartment, our guide to rental yields in Oman gives current Muscat-wide ranges. The convention centre and the universities are the kind of institutions that generate demand for furnished short and medium stays, though the sales office and the building’s rules set out what letting is permitted.

Portfolio and Track Record of Al Nama Real Estate Oman

The public record of Al Nama Real Estate Oman is built from four kinds of source: its own website, Omani press reports, Ministry pages and Muscat Daily’s coverage of a government housing agreement. Taken together they show the following projects. We describe each as the source does and do not add figures that the sources do not give.

Opal, Muscat Hills

The project covered above. The developer’s project page lists it as a residential apartment project for sale, and Times of Oman gives the project-wide figures of 41,000 m², 279 residential and 23 commercial units. The handover target is Q4 2028, per the developer.

Arina Residences, Salalah

The Arina Residences page on the developer’s website describes a residential apartment project in Salalah, Dhofar, identified as 128 units, with a project date of 1 June 2027. It places the site one minute from Salalah Grand Mall, five minutes from the city centre and Al Dahariz Beach, seven minutes from Anantara Salalah Resort, eight minutes from Al Baleed Archaeological Park and Museum, and fourteen minutes from Salalah International Airport. The page’s connectivity table gives 13.7 km to the airport and 0.3 km to Grand Mall.

Al Namaa Neighbourhood, Izki

The Ministry of Housing and Urban Planning’s page for the Al Namaa neighbourhood describes an integrated residential neighbourhood in the Wilayat of Izki, Al Dakhiliyah Governorate, on 109,010 square metres. It comprises 182 homes, villas and apartments, with a mosque, commercial areas and green spaces. Muscat Daily reported on 13 February 2025 that this was one of eight partnership and layout-development agreements signed by the Ministry for integrated neighbourhoods, and gave the Alnama project an investment of OMR 11 million. The neighbourhoods sit within the Ministry’s Surooh programme, and eligibility for homes in Surooh neighbourhoods is set by the programme rules.

Al-Aqur Village, Nizwa

The Al-Aqur Village page on the company’s website describes an urban revival of an old quarter of Nizwa and a collaboration between the Awqaf Al-Aqr Nizwa endowment and Al Nama Real Estate Oman. The page states that the partnership aims to invest in and develop waqf assets so that they generate sustainable benefits for mosques and public interests, and that planned real estate projects have been developed under it.

Projects summary

Buyers who would like to see the company’s work in person can arrange a visit through the sales office, which also provides the availability list, floor plans and price list for Opal Residences.

How Buying Works With Al Nama Real Estate Oman

Opal Residences is sold off-plan, which means the buyer signs a sale and purchase agreement (SPA) and pays in stages while the building is built. The sequence is the usual one for an Omani off-plan apartment, and the steps below are the usual order.

1. Choose the unit. The sales office shares the availability list, floor plans and price list. Our listing shows 77 units currently available.
2. Reserve. A reservation form and a deposit hold the unit while the SPA is prepared.
3. Sign the SPA. The first payment of 20% is due on signing. The SPA states the unit, size, price, finish schedule, payment milestones and the handover date.
4. Pay against milestones. The following payments fall due as excavation, foundation, basement, floor and finishing stages are completed.
5. Snagging and handover. At handover, the buyer inspects the apartment, lists any finishing points and receives the keys.
6. Registration. The title is registered in the buyer’s name with the Ministry of Housing and Urban Planning.

On protection, Royal Decree 79/2025 was issued on 10 September 2025 and published in Official Gazette issue 1613 on 14 September 2025. According to the decree text, it takes effect 180 days after publication, which is mid-March 2026, and repeals the escrow system for real estate development projects that Royal Decree 30/2018 had created, replacing it with a unified Law Regulating Real Estate. Our explainer on Law 79/2025 for off-plan buyers describes the project-specific escrow accounts, the preliminary real estate registry and the licensing of sellers. For Al Nama Real Estate Oman, the reservation documents normally name the bank and the escrow account into which each instalment is paid.

The payment structure shapes cash planning. With 90% due before completion, a one-bedroom buyer pays OMR 14,926 ($38,820) on signing and then OMR 7,463 ($19,410) at each of six stages, plus two payments of OMR 3,732 ($9,705). Spread over a build that runs to Q4 2028 per the developer, the instalments are tied to events that a buyer or a surveyor can check on site. Buyers who pay from another currency account for the exchange rate at each stage; the dollar-rial peg means a dollar-based buyer sees no exchange movement.

If a buyer later wants to sell before completion, the usual route is an assignment of the SPA, where the developer permits it and subject to its fee. Our guide to selling property in Oman sets out the costs and the order of steps, and the SPA states the assignment terms.

Ownership Route and Residency for Al Nama Real Estate Oman Buyers

Foreign buyers in Oman hold freehold title in designated zones. Our listing describes Opal Residences as freehold and open to all nationalities, and the developer’s project page also refers to freehold ownership. The reservation documents state the legal basis for the specific unit, and our guides to freehold property in Oman and to what foreigners cannot buy explain how zones and plots are tested.

On residency, the rules differ by route. The Golden Residency needs a single property in an Integrated Tourism Complex (ITC) worth at least OMR 200,000 and is decided by the Royal Oman Police; Middle East Briefing gives the same OMR 200,000 figure for the real estate route and describes it as a purchase in an ITC with a valid title deed. The Owner Visa has no minimum value. Our comparison of Golden Residency and the Owner Visa sets out the conditions of each.

OMR 200,000 is about $520,160 at the peg. Prices on our list for Opal start at OMR 74,631, and the Golden Residency route requires a single ITC property of at least OMR 200,000; the condition applies to one property, and separate purchases are not combined. The Owner Visa is tied to ownership of a property and has no value minimum. The reservation documents confirm which designation applies to the plot.

Key Facts About Al Nama Real Estate Oman

• Established 2002. The company states 2002 on its About page, and LinkedIn gives the same year.
• Muscat headquarters. Al Azaiba, Muscat; website alnama-om.com.
• Three service lines. Development of residential, commercial and hospitality projects; property management; real estate marketing.
• Opal Residences. Apartments in Muscat Hills; 1-bedroom from OMR 74,631 ($194,100), 2-bedroom from OMR 104,160 ($270,900) on our listing.
• Milestone payment plan. Ten stages, 20% on signing and 10% on completion, per our listing.
• Service charge. OMR 6.5 per m² on our listing.
• Handover target. Q4 2028, per the developer.
• Salalah project. Arina Residences, 128 units, on the developer’s website.
• Surooh neighbourhood. Al Namaa Neighbourhood in Izki, 182 homes, listed by the Ministry of Housing and Urban Planning.
• Waqf collaboration. A partnership with the Awqaf Al-Aqr Nizwa endowment, per the developer’s website.

Al Nama Real Estate Oman and Other Oman Developers

Developers with Muscat projects on our site include several companies with a range of ownership structures. The table below places Al Nama Real Estate Oman next to some of them using the facts on their own profile pages. It is a reference for readers who are comparing sources of supply in the capital, and each profile describes its developer in more detail.

Talaat Moustafa Group’s Yamal and Jood are also in Al Seeb, in Muscat, which is useful for buyers who want to compare apartment projects in the same governorate. Mira Ocean Estates is a Salalah resort project with a Q4 2028 handover target of its own. OMRAN Group is a shareholder in Al Mouj Muscat and Muscat Bay and has its own page, and Muriya develops Hawana Salalah and Jebel Sifah. The developers hub lists every profile.

What to Prepare When Reserving With Al Nama Real Estate Oman

These are the documents and details a buyer normally receives or confirms when reserving an off-plan apartment, framed as the ordinary process for Opal Residences and any other Al Nama Real Estate Oman project.

1. Reservation form. Names the unit, the price and the deposit amount.
2. Sale and purchase agreement. States the handover date, size, finish schedule and each milestone.
3. Escrow account details. Bank name, account holder and the project account into which instalments are paid, checked against the contract.
4. Title and zone documents. Confirmation of the freehold designation of the plot and that title registers in the buyer’s name.
5. Payment schedule. The ten milestones with the amount for the chosen unit, in rials.
6. Service-charge schedule. The rate, the billing period and what it covers.
7. Floor plan and unit list. Floor, orientation, size and the studio, one-bedroom, two-bedroom or study layout.
8. Identity documents. Passport copy and, for foreign buyers, the details of the paying account.
9. Residency documentation. If a visa route is planned, the route and its conditions confirmed in writing; see the OMR 200,000 condition above.
10. Exit terms. Assignment conditions and any transfer fee before handover.

Frequently Asked Questions

Who is Al Nama Real Estate Oman?

Al Nama Real Estate Oman is a privately held Omani developer established in 2002 and based in Al Azaiba, Muscat. According to its website it develops residential, commercial and hospitality projects and offers property management and real estate marketing. Its current apartment project in Muscat Hills is Opal Residences.

What projects does Al Nama Real Estate Oman have?

Al Nama Real Estate Oman shows Opal in Muscat Hills and Arina Residences in Salalah on its projects page. Its website also describes a collaboration with a waqf in Nizwa, and the Ministry of Housing and Urban Planning lists the Al Namaa Neighbourhood in Izki, with 182 homes. Our site lists Opal Residences.

How much does an apartment at Opal Residences cost?

Al Nama Real Estate Oman prices Opal apartments, on our listing, from OMR 74,631 ($194,100) for a one-bedroom of 883 sq ft and from OMR 104,160 ($270,900) for a two-bedroom of 1,206 sq ft. That is about $220 and $225 per square foot. Studios and the layouts with a study and maid’s room are listed in the sales-office price list.

What is the payment plan for Opal Residences?

The Al Nama Real Estate Oman plan for Opal has ten construction milestones: 20% on signing, then 10% at each of excavation, foundation, basement, first-floor and third-floor stages, 5% at the sixth-floor structure, 5% at structural completion, 10% at finishing and 10% on completion. Ninety per cent is therefore paid before completion, and the instalments follow the progress of the building.

When is Opal Residences due for handover?

Per the developer, the handover target for Opal Residences is Q4 2028. The sale and purchase agreement states the contractual date, and the milestone plan lets buyers see construction progress before each payment.

Can foreigners buy at Opal Residences?

Al Nama Real Estate Oman sells Opal apartments as freehold, and our listing states that the building is open to all nationalities. The reservation documents confirm the legal basis for the specific plot and the registration of title in the buyer’s name. See our guide to freehold property in Oman.

Does buying at Opal Residences give residency?

It depends on the route. The Golden Residency needs a single ITC property worth at least OMR 200,000 (about $520,160), and Opal prices on our list start at OMR 74,631 ($194,100). The Owner Visa has no minimum value. Residency is decided under the rules of the relevant authority, and the conditions are confirmed before purchase.

What is the Opal service charge?

Al Nama Real Estate Oman states a service charge of OMR 6.5 per square metre on our listing, which is about OMR 533 ($1,386) for an 82 m² one-bedroom and OMR 728 ($1,893) for a 112 m² two-bedroom. The billing period and the services covered are confirmed in the service-charge schedule before signing.

What should I prepare when reserving with Al Nama Real Estate Oman?

When reserving with Al Nama Real Estate Oman, a buyer normally receives the reservation form, the sale and purchase agreement, the escrow account details, the title and zone documents, the payment schedule and the service-charge schedule. A passport copy and the details of the paying account are also requested.

Ask us about Al Nama Real Estate projects

Last checked: 10 October 2026. Sources: Al Nama Real Estate: About; Al Nama projects list; Al Nama: Opal; Al Nama: Arina Residences; Al Nama: Al-Aqur Village; Times of Oman: Opal Residence launch; Times of Oman: Al Namaa Opal report; LinkedIn: Nama Real Estate; Ministry of Housing and Urban Planning: Nama neighbourhood; Muscat Daily: integrated residential projects, 13 February 2025; Gulf News: Muscat Hills; Royal Decree 79/2025; Middle East Briefing: Golden Visa; Ministry of Housing and Urban Planning.