MUSCAT: The value of real estate transactions in the Sultanate of Oman rose 5.5 per cent during the first five months of 2026 to RO 1.175 billion, compared with RO 1.114 billion in the corresponding period last year, according to data released by the National Centre for Statistics and Information (NCSI).
The increase was driven by higher sales and mortgage activity despite a decline in the number of property titles issued.
The value of sales contracts rose 2.9 per cent to RO 551.8 million across 27,864 transactions, compared with RO 536.3 million from 27,302 contracts a year earlier.
Mortgage contracts increased more strongly, with their value rising 7.9 per cent to RO 618.1 million from RO 572.7 million. The number of mortgage contracts climbed to 11,130 from 9,140 during the same period of 2025.
The value of swap contracts increased by 17.8 per cent to RO 5.4 million, although the number of transactions fell to 319 from 538 a year earlier.
Despite the increase in transaction values, the number of property titles issued declined 12.9 per cent to 82,224, compared with 94,414 during the corresponding period of 2025.
Property ownership by citizens of Gulf Cooperation Council (GCC) countries also declined, with 439 properties registered to GCC citizens by the end of May, down 28 per cent from 610 in the same period last year. — ONA
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