MUSCAT: The value of sale contracts in the Sultanate of Oman rose by 12.4% to RO 613 million by the end of June 2025, compared with RO 545.6 million during the same period in 2024.
Figures from the National Centre for Statistics and Information (NCSI) showed that total real estate transactions stood at around RO 1.36 billion by June 2025, down 3.5% from RO 1.41 billion a year earlier.
Fees collected from all legal transactions increased by 25.5% to RO 40.5 million, up from RO 32.3 million last year. However, the number of sale contracts fell by 2.3% to 31,831 compared with 32,596 in the same period of 2024.
The value of mortgage contracts dropped by 13.4% to approximately RO 742.2 million for 10,647 contracts, against RO 856.7 million for 10,028 contracts last year. Swap contracts also declined, with 596 agreements worth RO 4.8 million, compared with 671 worth RO 7.3 million a year earlier.
Meanwhile, the number of real estate titles issued rose slightly by 0.8% to 110,551, from 109,666 last year. Titles issued to GCC citizens grew by 4.7%, reaching 697 compared with 666 in June 2024. — ONA
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