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Oman property trading rises 8.9% in July
The value of real estate transactions in Oman increased by 8.89% in July compared to the previous month, reaching 281.7 million Omani rials versus 258.7 million rials in June. Sales contracts account for the largest share of transactions, with their value rising by 13.95% to 155.2 million rials through 5,700 contracts. Mortgage contracts also saw a slight increase of 1.72%, reaching 124.2 million rials via 2,060 contracts. Meanwhile, swap contracts experienced a significant increase of 500%, totaling 2.4 million rials. Conversely, the number of ownership titles issued in July declined by 6.9% to 18,130 titles, with the number issued to Gulf Cooperation Council nationals remaining stable at 102. In 2025, the total value of real estate transactions declined slightly by 0.35%, amounting to 3.367 billion riyals compared to 3.379 billion riyals in 2024.
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