Oman real estate trading continues to show movement, with total activity reaching $940 million. Although the market faces some declines, several areas still report growth. This reflects the sector’s ability to adjust in a changing environment.
The total value of property transactions in Oman fell by 8.3 percent, dropping from OMR394.9 million to OMR362.3 million. Despite this decline, the country’s real estate sector remains active across various segments.
Transaction fees also showed an upward trend. They rose by 5.9 percent, reaching OMR12.3 million. This growth indicates steady demand for legal property services in the country, further supporting Oman real estate trading.
Meanwhile, the value of sale contracts fell by 18.3 percent, dropping from OMR196.2 million to OMR160.3 million. Alongside this, the number of sale contracts declined to 11,177, marking a 3.2 percent decrease from the previous year in Oman’s property market.
In contrast, mortgage contracts saw an increase. Their value rose by 1.8 percent, reaching OMR200.1 million. The number of these contracts also increased, going up to 3,416. This rise in mortgage activity supports stronger financing opportunities and reflects healthy movement in Oman real estate trading.
However, swap contracts experienced a decline. Their number fell from 299 to 266, and their value decreased to OMR1.9 million. These figures show lower interest in swapping property types, yet they still reflect the ongoing activity in Oman’s property market.
The number of real estate properties issued also increased slightly. The total grew by 0.8 percent, reaching 39,704 properties. This growth shows consistent interest in property ownership and adds to the activity in Oman real estate trading.
Additionally, more citizens from GCC countries bought property in Oman. Their total increased by 7.1 percent, reaching 227. This shows Oman remains attractive to regional investors and highlights continued momentum in the country’s real estate sector.
Oman real estate trading remains a key part of the national economy. Despite some drops, the sector holds strong in areas like mortgages and property issuance. Investors continue to show interest, especially from neighboring Gulf countries.
In summary, Oman’s property market reached $940 million in total value. The market shows mixed trends, with some areas growing and others slowing. Still, the data points to ongoing movement across the real estate sector.
