MUSCAT: Data released by the National Centre for Statistics and Information (NCSI) revealed that the total value of Oman’s real estate market reached approximately RO 1.36 billion by the end of June 2025, marking a 3.5 percent decrease compared to the same period in 2024 when it stood at RO 1.41 billion. Despite this overall dip in market value, fees collected from legal transactions experienced a significant increase of 25.5 percent, totaling RO 40.5 million, up from RO 32.3 million the previous year. This contrast suggests rising administrative activity amid a somewhat contracting market.
The number of sales contracts saw a slight decrease of 2.3 percent to 31,831 compared to 32,596 in the prior year, indicating cautious buyer behavior in a dynamic real estate landscape. Conversely, mortgage contracts exhibited a sharper decline of 13.4 percent in traded value, falling to around RO 742.2 million across 10,647 contracts, compared with RO 856.7 million for 10,028 contracts in 2024. This reduction points to tighter financing conditions or a more selective lending environment impacting real estate purchases.
Swap contracts also recorded a downturn, with 596 contracts valued at RO 4.8 million by June 2025, down from 671 contracts worth RO 7.3 million the previous year. Meanwhile, the issuance of real estate property deeds grew marginally by 0.8 percent, reaching 110,551 properties, reflecting steady registration activity. Additionally, property issuance to Gulf Cooperation Council citizens increased by 4.7 percent, with 697 properties registered compared to 666 in 2024, suggesting sustained regional investment interest.
Overall, these figures depict a real estate sector navigating cautious market conditions while showing pockets of resilience through increased transaction fees and steady property registrations. Stakeholders appear to be adapting to evolving economic factors, including financing dynamics and buyer sentiment, as Oman continues its economic diversification efforts. The data underscores the need for ongoing monitoring to assess long-term trends and support balanced growth within the real estate market.
