Value of real estate transactions in Oman tops OMR2.3bn

Business Saturday 14/November/2026 16:00 PM
By: Times News Service
Value of real estate transactions in Oman tops OMR2.3bn

Muscat: The total value of real estate transactions in the Sultanate of Oman during the first nine months of 2026 amounted to OMR2.3315 billion, a decrease of 0.7 percent compared to the same period in 2025, during which the value of transactions was recorded at OMR2.3484 billion, according to data issued by the National Centre for Statistics and Information (NCSI).

The data showed that the traded value of sales contracts increased by 15.9 percent to reach OMR1.76 billion, while the number of sales contracts reached 50,069 contracts, compared 50,175 contracts valued at to OMR928.6 million and during the same period of 2025, a decrease of 0.2 percent in the number of contracts.

The traded value of mortgage contracts also decreased by 11.7 percent to reach OMR1.24 billion, through 20,590 contracts, compared to OMR141 billion through 16,432 contracts during the same period of 2025, while the number of mortgage contracts increased by 22.1 percent.

The traded value of swap contracts also increased by 7.9 percent to reach OMR8.8 million, through 477 contracts, compared to OMR8.2 million and 884 contracts during the same period in 2025.

The data indicated a decrease in the number of issued real estate ownership certificates by 15.5 percent, reaching 148,319 certificates by the end of September 2026, compared to 175,436 certificates during the same period in 2025.

The number of properties issued to citizens of the Gulf Cooperation Council (GCC) countries also decreased by 12.3 percent, reaching 824 properties by the end of September 2026, compared to 940 properties during the same period in 2025.