MUSCAT, SEPT 22
The real estate sector in the Sultanate of Oman has witnessed notable activity, maintaining robust trading levels during the first eight months of 2026. This growth is driven by an increase in the traded value of sales contracts, alongside sustained activity in real estate financing, mortgages, and property exchanges.
The latest statistical indicators from the National Centre for Statistics and Information reveal that the traded value of sales contracts reached approximately RO 954.1 million by the end of August 2026 and a 14.5 per cent increase compared to the same period in 2025, reflecting continued momentum in real estate transactions.
This growth in sales contract values underscores the market's ongoing activity and aligns with the general improvement in real estate trading values throughout the year. By the end of July 2026, the total traded value of real estate stood at approximately RO 1.72 billion, up 7.7 per cent from the RO 1.59 billion recorded during the same period the previous year.
Indicators suggest that 2026 is seeing growth in sales contract values alongside rising property prices, with mortgages remaining a key component of real estate activity.
With the expansion of urban development and investment plans, the future of real estate in the Sultanate extends beyond the mere buying and selling of land and residential units; it is increasingly shifting toward integrated real estate development that combines residential, service, business, commercial, and leisure facilities with robust infrastructure.
The Sultanate is working to develop a more integrated urban system through the National Spatial Development Strategy. This strategy serves as a long-term framework for coordinating urban development, infrastructure, and economic activity across the various governorates, while aligning public investments and private development with national priorities.
The trajectory of government policy indicates that the sector's future will not be limited to the buying and selling of land and units; rather, it is shifting increasingly toward integrated real estate development and the linking of residential, commercial, tourism, and service projects with infrastructure and economic hubs.
Oman Observer is now on the WhatsApp channel. Click here
