Friday 10 / May / 2024
Muscat: The real estate traded in the Sultanate last April amounted to over OMR146 million and the fees collected exceeded OMR1.5 million.
A report issued by the Ministry of Housing and Urban Planning said that the selling contracts stood at 4,545 for a total value of over OMR72.860 million and the fees collected from the same stood at approximately OMR2 million.
The swap contracts amounted to 74 with a total value of over OMR1.140 million and the fees collected amounted to over OMR23,000. The mortgage contracts stood at 1,358 for a total value exceeding OMR72.590 million and the fees collected stood at over OMR377, 000.
The highest real estate activity was concentrated in Muscat Governorate in the Sultanate with over OMR1. 5 million, followed by South Al Batinah Governorate with approximately OMR700,000, North Al Batinah Governorate with over OMR380, 000, respectively.
Over 15,168 title deeds were issued in all governorates during the same period out of which 35 title deeds were issued for GCC citizens.
The title deeds issued in Muscat Governorate amounted to 3,036.
In Dhofar Governorate the title deeds issued amounted to 853, Musandam Governorate 310, Al Buraimi Governorate 2,005, Al Dakhiliayh Governorate 2,811, North Al Batinah Governorate 2,811, South Al Batinah Governorate 3,070, South Al Sharqiyah Governorate 653 , North Al Sharqiyah 962 , Al Dhahirah Governorate 1,186, and 111 title deeds issued in Al Wusta Governorate. The total land plots registered stood at 2,700.
