Oman real estate sales recorded strong growth, showing clear resilience in the property market. The value of sale contracts rose by 12.4% to OMR613 million. This increase came from OMR545.6 million in the same period a year earlier, signaling a healthy market despite mixed trends in other property areas.
Data from the National Centre for Statistics and Information (NCSI) showed that the total value of traded property reached about OMR1.36 billion. However, this figure was 3.5% lower than the OMR1.41 billion recorded earlier. Even with the decline, Oman’s property sector maintained notable activity.
Higher fees from legal transactions also supported Oman’s real estate. These collections increased by 25.5% to OMR 40.5 million, compared to OMR 32.3 million a year ago. This rise reflected stronger compliance and increased market participation in certain segments.
The number of property sales contracts fell by 2.3% to 31,831 from 32,596 a year earlier. This pattern suggests that fewer but higher-value Oman real estate sales drove the market’s overall value gains.
Mortgage contract values dropped by 13.4% to around OMR742.2 million across 10,647 agreements. This was down from OMR856.7 million for 10,028 contracts a year earlier, showing a more cautious approach by buyers and lenders.
Exchange contracts also declined, with 596 deals worth OMR4.8 million completed. This compared to 671 contracts valued at OMR7.3 million previously, indicating weaker activity in that segment of Oman’s real estate market.
Despite some declines, sales momentum remained in specific areas. Issued title deeds grew by 0.8% to 110,551, compared to 109,666 earlier. Titles issued to GCC citizens also increased by 4.7% to 697 from 666 a year ago, highlighting ongoing regional interest.
Overall, the real estate sales of Oman show a market that remains active and valuable. Higher-value transactions and increased fee collections offset lower deal numbers in some areas, while steady title deed growth signals long-term interest in Omani property.
