MUSCAT: The total value of real estate transactions in Oman reached approximately RO 1.113 billion by the end of May 2025, reflecting a 10 per cent decline from RO 1.237 billion recorded in the same period last year, according to data from the National Centre for Statistics and Information.
Despite the overall drop, transaction fees collected grew by 13.5 per cent to RO 30.9 million, compared to RO 27.2 million in 2024. Sale contract values rose by 17.3 per cent to RO 536.3 million, even though the number of contracts declined by 2.6 per cent to 27,302.
Mortgage contract values dropped significantly by 26.1 per cent to RO 572.7 million across 9,140 contracts, compared to RO 774.5 million from 8,596 contracts last year. Swap contracts also fell, with 538 deals worth RO 4.6 million, down from 583 contracts valued at RO 5.2 million.
The total number of real estate properties issued edged up slightly by 0.2 per cent to 94,414. Meanwhile, ownership by Gulf Cooperation Council (GCC) nationals rose notably by 24.4 per cent, with 657 properties issued, up from 528 the year before. — ONA
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