MUSCAT: Oman’s real estate trading surged 30.1% to RO 2.94 billion by October 2024, up from RO 2.26 billion in 2023, according to the National Center for Statistics and Information.
Fees collected from real estate transactions rose by 2.1% to RO 56.7 million, while sale contracts totaled RO 913.4 million across 56,259 transactions, marking a 2.9% increase in value. Mortgage contracts skyrocketed by 47.9% to RO 2.02 billion.
Despite these gains, issued property titles fell by 3.3% to 191,871, while property registrations for GCC nationals rose by 8.3% to 1,209. — ONA
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