Property market value surpasses 1.17 billion Omani riyals as of May end
The total value of real estate transactions in the Sultanate of Oman increased by 5.5%, reaching 1.175 billion Omani rials by the end of May 2026, compared to the same period last year. Sale transactions saw a 2.9% rise in value and a 2.1% increase in the number of contracts, while mortgage contracts experienced a 7.9% growth in value. Conversely, the number of property deeds issued declined by 12.9%, and the issuance of deeds to Gulf Cooperation Council (GCC) nationals dropped by 28%.
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