MUSCAT: The total value of real estate transactions in the Sultanate of Oman declined by 10.8% at the end of January 2025, reaching RO 185.5 million, compared to RO 207.8 million during the same period in 2024.
According to the National Centre for Statistics and Information (NCSI), fees collected from legal transactions rose by 5.6% to RO 7 million. However, the total value of sale contracts fell by 20.9% to RO 79.9 million, with 5,688 sale contracts recorded — a 7.1% drop in volume.
Mortgage transactions also saw a slight decline of 0.8%, amounting to RO 104.5 million across 1,705 contracts. Meanwhile, exchange contracts totalled 152, valued at RO 1 million.
The number of issued property titles stood at 20,588, reflecting a marginal decline of 0.1%. In contrast, property ownership by Gulf Cooperation Council (GCC) nationals increased by 19%, with 119 properties issued, underscoring continued regional interest in Oman’s real estate market. — ONA
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