Oman real estate transactions fell by 20.2 per cent to OR207.8m ($540m) by the end of January 2024, compared to OR260.5m ($677m) during the same period in 2023, according to the latest data released by the National Centre for Statistics and Information (NCSI).
The data indicate that the fees collected for all legal actions amounted to OR6.6m ($17.1m) by the end of January 2024, comprising an increase of 13.4 per cent compared to the corresponding period of 2023.
Traded value of sale contracts decreased by 14.7 per cent to OR101m ($262.3m) at the end of January 2024, while the number of sale contracts rose by 6.6 per cent to 6,124.
Oman real estate
Traded value of mortgage contracts decreased by 25.4 per cent to OR105.4m ($274m) compared to OR141.3m ($367m) during the same period of 2023.
The number of mortgage contracts also fell by 10.4 per cent to 1,522 contracts.
The number of ownership deeds issued by the end of January 2024 fell by 4.7 per cent to 20,612, and the number of ownership deeds issued to citizens of GCC countries also fell by 9.9 per cent to 100.
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