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Oman’s real estate trading in November exceeds OMR177m
December 19, 2017 | 9:16 PM
by ONA
 
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Muscat: Abdullah bin Salim Al Mukhaini, Secretary of the Real Estate Registry at the Ministry of Housing said that the value of traded contracts in real estate sector reached OMR177,320,000 by the end of November 2017 while the collected fees stood at OMR5,799,000.

He pointed out that the total number of real estate transactions amounted to 30,020 including sale, will, inheritance, exchange, mortgage and release of mortgage transactions, besides visas.

He added that the number of sale contracts during November 2017 exceeded 4,918 worth of OMR77,135,000 at the level of the Sultanate’s governorates while the collected fees from such sale contracts during November 2017 reached more than OMR3,279,000.

Al Mukhini added that the Governorate of North Al Batinah recorded the highest rate of real estate sale contracts with 1,133 contracts followed by the Governorate of South Al Batinah with 866 contracts, 660 sale contracts were signed in the Governorate of Muscat, 620 contracts in the Governorate of A’Dakhiliyah, 421 contracts in Governorate of North A’Sharqiyah, 376 contracts in the Governorate of South A’Sharqiyah, 309 contracts in the Governorate of Dhofar, 257 contracts in the Governorate of A’Dhahirah, 134 contracts in the Governorate of Al Buraimi, 113 contracts in the Governorate of Al Wusta and 29 contracts in the Governorate of Musandam.



Al Mukhini added that 21,268 title deeds were issued in November 2017 including 3,900 in the Governorate of Muscat, 1,031 in the Governorate of Dhofar, 179 in the Governorate of Musandam, 675 in the Governorate of North Al Batinah, 3,320 in the A’Dakhiliyah, 4,332 in the Governorate of South Al Batinah, 2,842 in the Governorate of South Al Batinah, 1,685 in the Governorate of North A’Sharqiyah, 1,497 in the Governorate of A’Dhahirah, 265 in the Governorate of Al Wusta, besides the Gulf Cooperation Council citizens’ title deeds.

The number of new land plots registered for the first time stood at 4,626.

Al Mukhaini, explained that a total of 1,416 mortgage contracts worth OMR99,163,000 were signed across the Sultanate during November 2017 with fees worth OMR608,000.

He said that the value of exchanged contracts stood at more than OMR1 million and the collected fees for the same amounted to OMR20,000 through 134 exchanged contracts.

The Governorate of North Al Batinah reached 30 exchanged contracts, which is the highest percentage among the other governorates.

As for inheritance contracts, they stood at 608, as the Governorate of North Al Batinah registered the highest percentage by

263 contracts.

Al Mhikhini concluded that the total number of title deeds issued for the GCC nationals according to the real estate possession

conditions during November 2017 amounted to (81), with the Kuwaiti citizens on top by (36) followed by the UAE citizens (34) and (9) for Qataris, and 2 title deed for Saudi citizen.

Most of the possessions of the GCC nationals were focused in the Governorate of Dhofar, comprising 40% of the total number of the title deeds through (32) owners.

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