Oman real estate deals near RO 946 million

MUSCAT: The value of real estate transactions in Oman rose 13.4 per cent year-on-year to RO945.8 million by the end of April 2026, driven by stronger mortgage activity and higher property sales, according to figures released by the National Centre for Statistics and Information (NCSI).
The total value of sales contracts reached RO 439.6 million across 22,272 transactions, compared with RO 408.5 million during the same period last year. The number of sales contracts increased by 5.6 per cent.
Mortgage activity recorded the strongest growth, with the value of mortgage contracts rising 19 per cent to RO 501.4 million. The number of mortgage contracts climbed to 9,095 from 7,164 a year earlier.
Swap contracts were valued at RO 4.8 million, up 21.5 per cent from RO 3.9 million during the corresponding period of 2025, although the number of swap transactions fell to 264 from 436.
Despite the increase in transaction values, the number of registered properties declined. A total of 65,530 properties were registered by the end of April, down 10.8 per cent from 73,432 recorded a year earlier.
Property ownership by GCC nationals also fell sharply. A total of 317 properties were registered by GCC citizens during the period, compared with 529 properties in the first four months of 2025, representing a decline of 40.1 per cent.
The figures point to continued momentum in Oman’s property market, supported by rising financing activity and higher transaction values despite lower overall property registrations. — ONA