The value of real estate transactions in Oman increased by 28.1 per cent to OR3.1308bn ($8.1bn) till the end of November 2024, compared to OR2.4446bn ($6.3bn) in the same period of 2023, according to the latest data released by the National Centre for Statistics and Information (NCSI).
According to preliminary statistics issued by NCSI, fees collected for all legal action’s transactions amounted to OR62.1m ($161m) till the end of November 2024, an increase of 2.6 per cent compared to the corresponding period of 2023.
The traded value of sale contracts reached OR1.0017bn ($2.6) till the end of November 2024, and the number of sale contracts increased by 1.9 per cent to 61,552, compared to 60,424 in the same period of 2023.
Oman real estate
The traded value of mortgage contracts increased by 44.8 per cent till the end of November 2024 to OR2.1168bn ($5.5bn) compared to OR1.4622bn ($3.8bn) during the same period of 2023.
Meanwhile, the number of mortgage contracts decreased by 12.2 per cent to 18,846 contracts from 21,461 contracts in the same period of 2023.
The traded value of barter contracts in Oman increased by 18.1 per cent to OR12.4m ($32m) till the end of November 2024 compared to OR10.5m ($27m) in the same period of 2023.
The number of barter contracts decreased by 6.1 per cent to reach 1,223 contracts till the end of November 2024 compared to 1,302 contracts in November 2023.
The number of title deeds issued by the end of November 2024 decreased by 3.4 per cent to 210,483, whereas the number of title deeds issued to citizens of GCC countries increased by 6.8 per cent to 1,325 compared to 1,241 till the end of November 2023.
Follow us on
