By the end of March 2024, the Sultanate of Oman’s total real estate transaction value was OMR587.50 million, down 19.5 percent from OMR730.10 million at the same time in 2023.
By the end of March 2024, the total fees collected for all legal transactions had dropped by 10.3 percent to OMR16.5 million, according to statistics released by the National Centre for Statistics and Information (NCSI). OMR284.90 million was the total amount of sales contracts.
While the number of swap contracts reached 383 worth OMR2.8 million, the traded value of mortgage contracts fell by 30.8 percent to OMR299.80 million in 4,858 contracts.
By the end of March 2024, there were 57,167 properties issued, a 6.9% decrease from the previous year. The number of properties issued to residents of Gulf Cooperation Council (GCC) nations decreased by 1.2 percent, totaling 323 properties.
