Saturday 19 / July / 2025
Muscat: The total value of real estate transactions in the Sultanate of Oman fell by 10 percent reaching OMR1.11 billion by the end of May 2025 compared to OMR1.23 billion during the same period in 2024.
Data released by the National Centre for Statistics (NCSI) and Information showed a 13.5 percent increase in fees collected for all legal transactions, reaching OMR30.9 million, compared to OMR27.2 million during the same period last year.
Value of sales contracts.
The traded value of sales contracts also increased by 17.3 percent to reach OMR536.3 million by the end of May 2025 compared to OMR457.2 million during the same period in 2024.
In contrast, the number of sales contracts decreased by 2.6 percent to 27,302 compared to 28,023 during the same period last year.
On the other hand, the traded value of mortgage contracts decreased by 26.1 percent reaching approximately OMR572.70 million for 9,140 contracts compared to OMR774.50 million for 8,596 contracts by the end of May 2024.
As for swap contracts, they also witnessed a decline, with 538 contracts traded worth OMR4.6 million by the end of May 2025 compared to 583 contracts worth OMR5.2 million during the same period in 2024.
The number of real estate properties issued witnessed a slight increase of 0.2 percent, reaching 94,414 properties by the end of May 2025 compared to 94,194 properties during the same period in 2024.
The number of properties issued to citizens of the Gulf Cooperation Council (GCC) countries saw a substantial increased by 24.4 percent reaching 657 properties by the end of May 2025 compared to 528 properties by the end of May 2024.
