MUSCAT: Oman’s real estate market recorded strong growth in the first quarter of 2026, with the Real Estate Price Index rising 15.9 per cent year-on-year, driven largely by sharp increases in residential and commercial land values.
Data released by the National Centre for Statistics and Information (NCSI) showed that the residential property price index climbed 17.6 per cent compared with the same period last year. The increase was led by a 21 per cent surge in residential land prices, alongside a 9 per cent rise in villa prices and a 4.4 per cent increase in apartment prices. Prices of other residential housing categories, however, edged down by 1.1 per cent.
The commercial property segment also posted robust growth, with its index rising 10.5 per cent. The increase was mainly supported by a 16.5 per cent rise in industrial land prices and an 11 per cent increase in commercial land values. In contrast, retail shop prices declined by 1.8 per cent during the period.
At the governorate level, Muscat recorded the strongest growth in residential land prices, surging 43.6 per cent year-on-year. Al Buraimi followed with a 25.9 per cent increase, while Musandam and Dhofar posted gains of 17.6 per cent and 10.8 per cent, respectively.
Other governorates also registered positive growth, including Al Dakhiliyah at 5 per cent, South Al Sharqiyah at 4.7 per cent, South Al Batinah at 4 per cent, Al Dhahirah at 2.5 per cent and Al Wusta at 2 per cent. North Al Batinah recorded a marginal increase of 0.2 per cent.
North Al Sharqiyah was the only governorate to witness a significant decline, with residential land prices falling 14.9 per cent compared with the first quarter of 2025.
The latest figures underline continued strength in Oman’s property market, particularly in land assets, reflecting sustained investor demand and ongoing economic activity across key sectors. — ONA
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