Real estate trades reach 1.7B Rials by July 2026
The traded value of real estate in the Sultanate of Oman increased by 7.7%, reaching 1.716 billion Omani rials by the end of July 2026, compared to 1.593 billion rials during the same period in 2025. The real estate sector saw a 15.7% rise in the value of sale contracts, while the number of contracts grew by 3.9%. Additionally, mortgage contracts recorded a 0.7% increase in value and a 22.3% rise in the number of contracts. Conversely, swap contract values surged by 33.6%, but the number of these contracts declined by 41.6%. Regarding property ownership, the total number of ownership titles decreased by 10.7%, reaching approximately 120,000 holdings, with a notable decline of 11.2% among properties owned by Gulf citizens.
Notice: This Is an AI-Generated Summary
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