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The Journal · Muscat

Oman Luxury Real Estate: Al Yazan Unveiled on the Muttrah Waterfront

Al Yazan, a new integrated tourism complex on the Sultan Qaboos Port waterfront in Muttrah, was unveiled in Muscat on November 9. OMRAN Group and VA Group plan about 1,500 homes in terraces above the sea, a 400-meter promenade, a pedestrian street of shops and cafés, and an open-air amphitheater.

At a glance

Al Yazan on the Muttrah Waterfront at a glance

Where
Sultan Qaboos Port waterfront, Muttrah, Muscat
Developers
OMRAN Group and VA Group
Site
18.5 hectares
Homes
About 1,500, some 180,000 sq m, in three phases
Public spaces
400-meter promenade, 25,000 sq m of shops and dining, 30,000 sq m of green space

Oman Luxury Real Estate

Oman Luxury Real Estate comes to the old harbor

Oman Luxury Real Estate has a new address on one of the most beautiful harbors in the region. On November 9, 2026, Al Yazan, an integrated tourism complex on the Sultan Qaboos Port waterfront in the Wilayat of Muttrah, was officially unveiled in Muscat in a ceremony presided over by the Governor of Muscat. It is developed by OMRAN Group, Oman's tourism development company, with VA Group.

The site covers 18.5 hectares between the mountains and the sea, beside the Muttrah Corniche, its souq and the traditional houses that line the bay. The design, according to OMRAN Group and VA Group, draws on Muttrah's architectural heritage and natural setting, with residential buildings arranged in terraces that step down the hillside toward the water.

What Al Yazan will hold

The plans include about 1,500 homes, with some 180,000 square meters of residential space delivered in three phases, surrounded by landscaped gardens and views of the coast. Along the water runs a promenade of more than 400 meters, and a pedestrian street lined with shops, restaurants and cafés brings about 25,000 square meters of retail space.

There will also be about 30,000 square meters of green space, a crescent-shaped plaza with an open-air amphitheater, fine dining, multipurpose sports courts and children's play areas. No investment value or phase dates have been announced yet.

Eng. Ayad bin Ali Al Balushi, chief executive of OMRAN Group, said the unveiling marks an important step in the continued development of the Sultan Qaboos Port waterfront. Roman Kapinos, managing partner of VA Group, described Al Yazan as the first step in the group's long-term commitment to Oman.

New chapter

A new chapter for the Muttrah waterfront

Al Yazan arrives as the whole port is reimagined. In October 2026, the Ministry of Heritage and Tourism and OMRAN Group signed an agreement to develop the Port Sultan Qaboos Waterfront, an area of about one million square meters, into a destination of hospitality, leisure and culture in four districts: Port Souq, Port Gateway, Al Shatifi and Al Shatifi Hills, the last planned as a mountain resort.

Integrated tourism complexes are the developments where Oman opens freehold ownership to international buyers, as our guide to Oman Luxury Real Estate investment explains, along with Oman's golden residency. The Journal recently followed two more of the capital's projects in RO 122 million for Madinat Al Irfan and Yiti, and our page on Oman Vision 2040 sets out the long-term plan behind them.

Muttrah for travelers

Muttrah is already one of the loveliest corners of Muscat: the frankincense and silver of the souq, the dhows in the harbor and the evening walk along the Corniche. Our Muscat travel guide covers the finest places to stay, from Al Bustan Palace, a Ritz-Carlton Hotel, to The Chedi Muscat and the Shangri-La Al Husn Resort & Spa, and the winter season, from October to April, is the ideal time to visit.

Questions readers ask

Where is Al Yazan?

On the Sultan Qaboos Port waterfront in the Wilayat of Muttrah, in Muscat, Oman, on a site of 18.5 hectares.

Who is developing Al Yazan?

OMRAN Group, Oman's tourism development company, with VA Group. The project was unveiled on November 9, 2026.

When will Al Yazan be finished?

The homes are planned in three phases. No completion dates have been announced yet.

Note for investors

A note for investors

This article is for information only and is not investment advice. Speak to a licensed adviser before buying property in any country.

Sources

Checked on 11/09/2026. Prices and dates are approximate and can change. See our standard.