Friday, February 23, 2024 | Sha'ban 12, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Real estate deals exceed RO 2.6 billion by end of 2023

The total value of real estate transactions in the Sultanate of Oman by the end of December 2023 increased by 6% to reach RO 2,607.1 million
The total value of real estate transactions in the Sultanate of Oman by the end of December 2023 increased by 6% to reach RO 2,607.1 million
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MUSCAT: The total value of real estate transactions in the Sultanate of Oman by the end of December 2023 increased by 6% to reach RO 2,607.1 million compared to the same period of 2022 when it stood at RO 2,459.3 million, according to the latest data issued by the National Centre for Statistics and Information (NCSI).


The total collected real estate transaction fees reached RO 64.9 million, constituting a rise by 4.2% compared to the end of 2022. The value of sale contracts stood at RO 1,044.5 million (65,649 contracts), comprising a drop by in value and the number of contracts by 7.7% and 4.3%, respectively. Statistics indicate a rise in the value of lease contracts by 18.3% to stand at RO 1,551.5 million (22,774 contracts). Meanwhile, exchange agreements stood at 1,394 (worth RO 11.2 million). The number of ownership deeds by the end of 2023 stood at 235,390, comprising a rise by 0.9%. Meanwhile, the number of ownership deeds issued to GCC citizens reached 1,316, up by 48.9%.


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