• Oman

    • Oman’s real estate price index rises 6.2% to RO 182.4mln

    By on August 19, 2023

    The General Index of Residential Real Estate Prices increases by 6.2 per cent

    Muscat: Residential land prices led the general index of residential real estate prices in the Sultanate of Oman, registering an increase of 6.2 percent in the second quarter of this year, amounting to OMR 182.4 million, according to the residential real estate price index report issued by the National Center for Statistics. and information.

    The residential land price index recorded a growth of 14.8 percent, to a value of OMR 128.6 million, while the apartment price index decreased by 15.2 percent, to a value of OMR 19.2 million. The villa price index also decreased by 6.2 percent, to OMR 27.6 million. And other homes by 12.3 percent, recording a value of OMR 7 million.

    On the other hand, the general index for residential real estate prices recorded an increase of 3.2 percent compared to the first quarter of this year. Residential land prices increased by 3.9 percent, apartments prices increased by 1.7 percent, villas increased by 1.6 percent, and other homes increased by 1.1 percent.

    The statistics showed that the number of transactions for selling residential real estate at the end of the second quarter of 2023 decreased by 6.6 percent compared to the same quarter of last year, and residential lands accounted for 87.6 percent of real estate sales transactions, compared to 5.2 percent for apartments, 4.1 percent for villas, and 3.1 percent for villas. percent for other homes.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.