Real
Estate Transaction Exceed RO 572 Million at End of March 2025

Muscat,
11 May (ONA) — The traded value of real estate transactions in the Sultanate
of Oman fell by 2.5% to RO 572.7 million till the end of March 2025, compared
to RO 587.5 million in the same period of 2024, according to the latest data
released by the National Centre for Statistics and Information (NCSI).

According
to preliminary statistics issued by the NCSI, fees collected of all legal action’s
transactions amounted to RO 18.3 million till the end of March 2025, constituting
an increase of 10.6% compared to RO 16.5 million by the end of March 2024.

The
traded value of sale contracts reached RO 252.4 million till the end of March
2025, and the number of sale contracts fell by 6.3% to 15,815, compared to 16,877
in the same period of 2024.

The
value of mortgage contracts rose by 5.8% till the end of March 2025 to RO 317.1
million compared to RO 299.8 million during the same period of 2024. Meanwhile,
the number of mortgage contracts rose by 10% to 5,344 contracts from 4,858
contracts in the same period of 2024.

The
value of traded barter contracts rose by 12.2% to RO 3.2 million till the end
of March 2025 compared to RO 2.8 million in the same period of 2024. The number
of barter contracts fell by 7.6% to reach 354 contracts till the end of March
2025 compared to 383 contracts in March 2024.

The
number of properties issued by the end of March 2025 fell by 3.1% to 55,378 by
the end of March 2025, compared to 57,167 properties during the same period in
2024, and the number of properties issued to citizens of GCC countries also
decreased by 13.3% reaching 280 compared to 323 till the end of March 2024.

—Ends/AG