The traded value of real estate transactions in the Sultanate of Oman increased by 29.6% to RO 3,379.8 million till the end of December 2024, compared to RO 2,607.1 million in the same period of 2023, according to the latest data released by the National Centre for Statistics and Information (NCSI).

According to preliminary statistics issued by NCSI, fees collected for all legal transactions amounted to RO 69 million till the end of December 2024, an increase of 6.4% compared to the corresponding period of 2023.

The traded value of sale contracts reached RO 1,094.9 million till the end of December 2024, and the number of sale contracts increased by 3.8% to 68,136 compared to 65,649 in the same period of 2023.

The traded value of mortgage contracts increased by 46.4% till the end of December 2024 to RO 2,271.9 million compared to RO 1,551.5 million during the same period of 2023. Meanwhile, the number of mortgage contracts decreased by 9.2% to 20,680 contracts from 22,774 contracts in the same period of 2023.

The traded value of barter contracts increased by 16.9% to RO 13.1 million till the end of December 2024 compared to RO 11.2 million in the same period of 2023. The number of barter contracts decreased by 4.9% to reach 1,325 contracts till the end of December 2024 compared to 1,394 contracts in the same period of 2023.

The number of properties issued by the end of December 2024 decreased by 0.9% to 233,345, whereas the number of properties issued to citizens of GCC countries increased by 10% to 1,447 compared to 1,316 till the end of December 2023.