Marginal rise in housing plots to beneficiaries in Oman

Business Monday 28/May/2018 21:34 PM
By: Times News Service
Marginal rise in housing plots to beneficiaries in Oman

Muscat: The total number of planned plots in the Sultanate rose by 15 per cent to 73,091 in 2017, up from 63,640 such real estate plots in the previous year.
The total number of housing plots granted or allotted to different beneficiaries marginally increased by 0.2 per cent to 36,902 from 36,811 plots in 2016, according to Population and Construction Statistics released by the National Centre for Statistics and Information (NCSI).
These plots were allocated for developing different types of real estate projects, including residential housing units, commercial buildings, government buildings and industrial projects.
As far as various governorates are concerned, the Governorate of A’Dakhiliyah, with 14,166 plots, has the largest share.
This was followed by the Governorate of A’Dhahirah at 13,840 planned plots, North Al Batinah with 11,952, North A’Sharqiyah with 8,291, and Al Buraimi governorate with 6,596 plots.
The number of planned plots stood at 5,831 in the Governorate of South A’Sharqiyah, 4,747 in South Al Batinah, 3,437 in Dhofar, 2,390 in Muscat, 1,205 in Musandam and 636 plots in Al Wusta.
The number of plots granted in various governorates touched 36,902 – a marginal increase of 0.2 per cent over 36,811 in the previous year. The Governorate of A’Dakhiliyah received the largest share of the plot allotments at 8,897 last year, while the Governorate of South Al Batinah ranked second with 6,974, followed by the Governorate of North A’Sharqiyah at 4,143.
In the Governorate of Muscat, 3,609 plots were allotted, while in the Governorate of South A’Sharqiah, the allotment stood at 3,308 plots.
There were 2,358 plots of land granted in the Governorate of A’Dhahirah. The remaining 1,978 plots of land were granted in North Al Batinah, 2,825 in Al Buraimi, 1,373 in Dhofar and 1,133 in Al Wusta.
The real estate plots were used for different purposes, mainly for residential housing purpose.
As far as planned plots are concerned, 54,099 plots of land were for residential use, which indicates 74 of the total plots of land distributed in 2017.
With just 13.8 per cent or 10,057 plots, the government use of planned plots of land ranked second.
As much as 4.4 per cent of planned plots were granted for commercial use.
The number of these plots stood at 3,273, of which 3.8 per cent or 2,836 plots were for commercial residential use, 2.3 per cent or 672 plots for industrial use and 1.6 per cent or 190 plots for agricultural use.
As far as use of plot allotments are concerned, 31,593 plots (85.6 per cent) were allotted for residential use, followed 2,183 plots (6 per cent) for government use and 1,533 plots (4.2 per cent) for commercial residential use.
Besides, another 702 plots (1.9 per cent), 371 units (1 per cent) and 23 plots were granted for industrial, commercial and tourism purposes,
According to the Housing and Construction Statistics Bulletin, the number of plots registered for the first time in 2017 touched 58,515 units.
Among this, 48,373 registered plots (83 per cent) were for residential purpose.
For agricultural use, this was at 5,884 (10 per cent), 2,071 plots (4 per cent) for commercial residential use, 759 plots for industrial use and 357 pieces of land for government use.
The citizens of the Gulf Cooperation Council (GCC) states own 1,210 properties in 2017.
The Kuwaiti citizens were leading as owners of 562 properties, followed by the citizens of the United Arab Emirates
(434), Qataris (96), Bahrainis (95) and Saudis (59).The number of loans provided by the Oman Housing Bank in 2017 was 2,644, with a total amount of RO 128.70 million.
The number of loans provided by the Ministry of Defence stood at 3,359, with the total amount at RO 32.27 million.
The number of loans provided by Petroleum Development Oman (PDO) was 426, and the amount stood at RO 32.63 million.
The number of families benefiting from the housing assistance was 242, and the total amount at RO 5.77 million.