How to Invest in Business Tower 2 Muscat: A Complete Step-by-Step Guide

Introduction: Why Business Tower 2 Muscat Is Getting Attention

How do you invest in Business Tower 2 Muscat? Buyers reserve an off-plan office or retail unit, sign the Sales Agreement with a 20% down payment, and pay the balance in scheduled installments until handover in Q4 2028. Business Tower 2 is an 8-storey commercial building at The Boulevard by Muscat Hills. Muscat Hills International Development (MHID) builds it in partnership with Malik Developments. According to the MHID project page (October 2026), prices start at OMR 60,000.

Three terms define this investment:

• Off-plan means a unit sold before construction ends.
• Freehold means full ownership of the unit, with the right to sell, lease, and pass it to heirs.
• ITC means Integrated Tourism Complex, a government-licensed development where non-Omani buyers hold freehold title.

Three facts explain the attention:

• Entry price: units start at OMR 60,000, according to MHID (October 2026).
• Scale: the building offers more than 500,000 sq ft of office and retail space across 227 units, according to MHID (October 2026).
• Ownership: Omani citizens, GCC nationals, and expatriates can buy, according to dxboffplan (2026).

According to the National Centre for Statistics and Information (NCSI), cited by AGBI in February 2026, the value of Oman's real estate transactions rose 16% in 2025 to OMR 1.27 billion. NCSI data also shows nearly 75,000 office spaces were rented in 2025, 8% more than in 2024. Business Tower 2 Muscat enters a market with rising office demand.

This guide covers location, unit types, prices, payment plans, foreign ownership rules, and the seven steps to buy.

What is The Boulevard by Muscat Hills?

The Boulevard by Muscat Hills is a mixed-use community with corporate offices, commercial space, retail outlets, and residential units, according to Oman Observer. The community centers on a pedestrian-only street. MHID describes it as the first completed masterplan community of the New Downtown (2026). Business Tower 2 forms the next phase of business space in that community.

Why Invest in Business Tower 2 Muscat?

Business Tower 2 Muscat combines a central business location, freehold title, and a staged payment plan. The five factors below support the investment case.

Strategic location

Business Tower 2 sits at the north corner of The Boulevard in the Airport Heights district of Muscat. According to Oman Observer, the Bausher and Airport Heights belt is emerging as a new downtown. The area benefits from proximity to Muscat International Airport, the Oman Convention and Exhibition Centre (OCEC), and the Muscat Expressway. The Muscat Securities Market and the Ministry of Commerce and Industry operate in the same belt.

Commercial property potential

Commercial property is real estate used for business, including offices, shops, and retail units. According to NCSI data cited by AGBI (2026), nearly 75,000 office spaces were rented in Oman in 2025. According to Economy Middle East (2026), rental yields in Muscat range from 6% to 9%. Business Tower 2 offers commercial and retail space across different floor plans, according to MHID (2026).

Modern amenities

The Boulevard is a pedestrian-only development with shopping, dining, and leisure outlets. According to Oman Observer, the pedestrian area is 32 m wide and 665 m long. Business Tower 2 uses open, flexible floor plates, according to dxboffplan (2026). MHID describes the building as smart workspace for evolving businesses (2026).

Business environment

Business Tower 2 stands next to Business Tower 1. According to dxboffplan (2026), Business Tower 1 is Oman's first ITC-status freehold office space. The project listing places tenants near key financial institutions, including the Bank Muscat headquarters. A cluster of banks, regulators, and corporate offices supports daily business activity.

Long-term investment potential

According to JLL, cited by Sands of Wealth (2025), Oman's real estate investment volumes are expected to double by 2030 compared with 2025 levels. Handover is scheduled for Q4 2028, according to MHID (2026). Buyers pay in stages during construction and receive a freehold asset at completion.

Business Tower 2 Location & Connectivity

Business Tower 2 is located at The Boulevard by Muscat Hills, Muscat, Oman. The location connects to the airport, the expressway network, and the main financial institutions of the capital. The table below lists the key connections.

The Batinah Expressway extends from Halban to the UAE border at Khatmat Malaha. Business Tower 2 therefore supports cross-border business travel from the north.

Why Airport Heights suits office occupiers

• Shorter commutes: the Greater Muscat Plan targets commute times under 30 minutes, according to Mordor Intelligence (2026).
• Regulator access: the Ministry of Commerce and Industry operates in the same belt, according to Oman Observer.
• Visitor access: the airport and OCEC sit close to the building, which supports client meetings and exhibitions.

Business Tower 2 Unit Types & Sizes

Business Tower 2 offers office units and retail shops across multiple floor plans. MHID lists commercial and retail space (2026). KV Land lists the property type as Office and Shop (2025). The specifications below come from developer and broker listings.

MHID and dxboffplan report different unit counts. The 227-unit figure covers the full commercial and retail mix. The 175-office figure covers offices only. The official availability list shows current unit sizes and floors.

Size benchmarks from Business Tower 1

Business Tower 1 resale listings show the size range of Muscat Hills offices:

• A 70 sqm office is listed at OMR 65,000, according to Mawa.
• A 145 sqm office is listed at OMR 195,965 with three parking spaces, according to Savills (2026).
• A 161 sqm office is listed at OMR 220,000, according to KV Land (2026).

Which unit type suits which buyer

• Compact offices suit consultancies, start-ups, and branch offices.
• Mid-size offices suit professional firms with small teams.
• Large combined offices suit corporate headquarters and regional teams. Business Tower 1 combined units reach 145 sqm to 163 sqm.
• Retail shops suit food, service, and convenience operators along The Boulevard.

Business Tower 2 Prices

Business Tower 2 prices start at OMR 60,000, according to MHID (October 2026). KV Land lists a starting price of OMR 61,215 (2025). At the fixed Omani rial peg of 2.6008 US dollars, OMR 60,000 equals about USD 156,000.

Business Tower 2 vs Business Tower 1: price comparison

Additional purchase costs

According to muscat.properties (2026), a 3% Ministry of Housing fee applies at title deed issuance, and 5% VAT applies to the purchase price. On an OMR 60,000 unit, the 3% fee equals OMR 1,800 and 5% VAT equals OMR 3,000. The Sales Agreement states the final tax treatment.

The total cost of an OMR 60,000 unit including both charges is OMR 64,800. Service charges are paid yearly after handover, according to Red Skyline Oman (2026). Buyers request the service charge estimate before signing.

Business Tower 2 Payment / Lease Plan

The MHID payment plan requires 20% on signing the Sales Agreement and 10% every 6 months. The table applies this structure to an OMR 60,000 unit.

KV Land (2025) lists a second structure: 20% down, 1% monthly for 60 months, and a 20% final payment. On OMR 60,000, this equals OMR 12,000 down, OMR 600 per month, and OMR 12,000 at the end. Payment terms change by release, so buyers confirm the active plan before booking.

The six-month schedule gives buyers time between installments. A buyer with a fixed annual budget aligns payments to two cash events per year. A buyer who prefers smaller outflows compares the monthly structure. Both structures require 20% at the start.

Business Tower 2 payment plan vs Muscat Hills Bazar

According to Ody Estates (2025), the Muscat Hills Bazar retail project offers 100 monthly installments of OMR 260 over 8 years. Business Tower 2 uses larger, less frequent installments. The Bazar plan suits small shop buyers, and the Business Tower 2 plan suits office buyers with lump-sum capacity.

Lease route

Owners lease their units after handover to tenants. According to NCSI data cited by AGBI (2026), nearly 75,000 office spaces were rented in Oman in 2025, an 8% rise on 2024. Tenants who prefer not to buy rent from owners at market rates.

Can Foreigners Invest in Business Tower 2 Muscat?

Yes. Omani citizens, GCC nationals, and expatriates of different nationalities can own offices in Business Tower 2, according to dxboffplan (2026). Non-Omani buyers also receive residency for themselves and immediate family members, according to the same listing.

Why foreigners can buy here

Business Tower 2 is in an ITC. According to Omnia Capital Group (2026), non-GCC foreigners hold freehold title only inside government-licensed ITCs, under Royal Decree 12/2006. Al Mouj Muscat, Muscat Bay, and Jebel Sifah are other ITC examples. According to Red Skyline Oman (2026), most areas outside ITCs allow non-GCC foreigners to rent but not buy.

Residency for foreign buyers

According to Red Skyline Oman (2026), Oman relaunched its investor residency in August 2025. Published thresholds differ by source:

According to Finsoul Network (2026), investor residency does not typically require full-time presence in Oman. Buyers verify the current threshold on the official Oman Residence portal before booking.

Checklist for foreign buyers

• Prepare a valid passport and proof of funds.
• Confirm the unit sits inside the ITC boundary.
• Confirm the title deed is registered with the Ministry of Housing and Urban Planning, according to muscat.properties (2026).
• Budget for the 3% registration fee and 5% VAT.
• Check the residency threshold for your unit value.

How to Invest in Business Tower 2: Step-by-Step

Seven steps take a buyer from first inquiry to ownership.

Step 1: Explore available units

Request the Business Tower 2 brochure, floor plan, availability list, and payment plan. dxboffplan (2026) lists all four documents on the project page. Review office and retail units on each of the 8 storeys.

Step 2: Compare unit sizes and prices

Calculate the price per sqm for each shortlisted unit. Business Tower 1 benchmarks range from OMR 929 to OMR 1,366 per sqm. Compare the OMR 60,000 entry unit against larger floor plates.

Step 3: Check payment/lease terms

• Confirm the 20% down payment and the 10% six-month installments.
• Confirm the installment calendar against the Q4 2028 handover.
• Estimate rental income if you plan to lease the unit.

Step 4: Select your unit

Choose the floor, size, and layout that match the business use. Owner-occupiers prioritize floor plate flexibility. Landlords prioritize unit sizes with strong rental demand. The 227-unit inventory narrows as sales progress.

Step 5: Review documents and agreement

• Read the Sales Agreement, handover date, and default terms.
• Confirm the developer, MHID, and the project registration.
• Confirm service charges, the 3% fee, and the 5% VAT.
• Request legal review from a licensed Omani lawyer.

Step 6: Make the booking/payment

Pay the 20% down payment on signing the Sales Agreement. For OMR 60,000, the payment equals OMR 12,000. Use the payment channel stated in the agreement and keep every receipt.

Step 7: Complete the purchase/lease process

Pay the scheduled installments until handover in Q4 2028. After handover, the title deed is registered with the Ministry of Housing and Urban Planning. The owner then occupies the unit or leases it to a tenant.

Amenities & Facilities at Business Tower 2

Business Tower 2 draws its amenities from the building and from The Boulevard. The Boulevard includes shopping, dining, and leisure outlets, according to Oman Observer. Business Tower 1 listings show the standard Muscat Hills tower specification. Buyers confirm Business Tower 2 specifications in the brochure.

Amenity quality affects occupancy and rent. Tenants in Muscat compare security, parking, and access to dining when they select an office. Business Tower 2 buyers request the specification sheet, the parking allocation per unit, and the fit-out standard before booking.

Business Tower 2 Investment Benefits

Business Tower 2 offers six measurable benefits.

• Low entry price: OMR 60,000, according to MHID (2026).
• Freehold title: full ownership in an ITC, according to dxboffplan (2026).
• Residency route: non-Omani buyers receive residency for themselves and immediate family, according to dxboffplan (2026).
• Staged payments: 20% down and 10% every 6 months, according to MHID (2026).
• Rental demand: nearly 75,000 office rentals in 2025, according to NCSI cited by AGBI (2026).
• Yield range: 6% to 9% in Muscat rental markets, according to Economy Middle East (2026).

Applying the 6% to 9% range cited by Economy Middle East (2026) to an OMR 60,000 unit gives an illustrative gross annual rent of OMR 3,600 to OMR 5,400. Actual rents depend on unit size, floor, and lease terms.

Business Tower 2 vs competing Muscat office projects

Al Mouj Business Park sold its second phase in full, according to Al Mouj Muscat. The sell-out confirms buyer demand for freehold offices in Muscat ITCs.

Who Should Invest in Business Tower 2?

Five buyer groups fit Business Tower 2 best.

Retail operators also fit the profile. MHID lists retail units in the building (2026), and The Boulevard supplies pedestrian traffic.

Business Tower 2 buyers fall into two groups: owner-occupiers and investors. Owner-occupiers value location, floor plate, and parking. Investors value entry price, payment terms, and rental demand. Each group follows the same seven purchase steps.

Things to Consider Before Investing

Off-plan investment carries construction, market, and regulatory factors. Each factor below has a verification step.

• Completion timing: handover is scheduled for Q4 2028, according to MHID (2026). Confirm progress with the developer.
• Unit data: sources list 175 offices and 227 units. Confirm unit sizes on the official availability list.
• Taxes and fees: a 3% registration fee and 5% VAT apply, according to muscat.properties (2026).
• Residency thresholds: sources report OMR 200,000 to OMR 500,000. Confirm the current rule on the Oman Residence portal.
• Market conditions: real estate FDI fell 36.8% year on year to OMR 653 million in Q1 2025, according to Oman Observer (August 2025). Muscat office rents held steady through Q4 2025, according to Economy Middle East (2026).
• Payment plans: terms differ by release. Confirm the active plan in writing.
• Legal review: a licensed Omani lawyer reviews the Sales Agreement before signature.
• Currency: the Omani rial is pegged to the US dollar at 2.6008, so dollar-based buyers face no exchange-rate movement on OMR installments.

Final Thoughts

Business Tower 2 Muscat offers off-plan offices from OMR 60,000, a 20% down payment, freehold title, and handover in Q4 2028. Foreign buyers qualify for ownership inside the ITC and for residency, according to dxboffplan (2026). The building sits at The Boulevard, next to Business Tower 1, near Bank Muscat and the airport belt.

Oman recorded OMR 1.27 billion in real estate transactions in 2025 and nearly 75,000 office rentals, according to NCSI cited by AGBI (2026). The seven steps in this guide lead from unit selection to title deed. Buyers who verify unit data, taxes, and residency rules before signing reduce risk. Investors who want to invest in Business Tower 2 Muscat start with the availability list and payment schedule.