Value of real estate deals in Oman exceeds RO 2.7 billion in 2022

Muscat: The total value of property transactions in the Sultanate of Oman by the end of December 2022 rose by 6% to reach RO 2,706.1 million, compared to RO 2,552.5 million, according to the latest date issued by the National Centre for Statistics and Information (NCSI).

The figures revealed that the total fees collected for all transactions by the end of December 2022 amounted to RO 62.6 million, a decrease of 25.5% compared to the same period in 2021. The traded value of sales contracts also decreased by 4.8%, to stand at RO 1,131.5 million by the end of December 2022, compared to RO 1,188.9 million at the end of December 2021. Sales contracts also saw a decline of 21%, to stand at 68,616 contracts at the end of December 2022, compared to 86,856 contracts at the end of December 2021.

The statistics showed an increase in the traded value of mortgage contracts at the end of December 2022 by 15.9%, to reach RO 1,558.6 million, compared to RO 1,344.6 million at the end of December 2021.

Meanwhile, the number of mortgage contracts reached 19,089 at the end of December 2022, an increase of 5.6% over the same period of 2021 when it stood at 18,082 contracts.

The traded value of swap contracts decreased by 15.6% to reach RO 16.1 million at the end of December 2022, compared to RO 19 million at the end of December 2021. The number of swap contracts also decreased by 25.5% to reach 1,309 contracts, compared to 1,758 contracts by the end of December 2021.

According to NCSI statistics, as many as 233,178 title deeds were issued by the end of December 2022, a decrease of 7% compared to the end of December 2021.

Meanwhile, the number of title deeds issued for the GCC citizens rose by 6.5% at the end of December 2022 to reach 884 title deeds by the end of December 2022, compared to 830 title deeds at the end of December 2021. -ONA

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.