Muscat: The traded value of real estate transactions in the Sultanate of Oman fell by 2.5% to RO 572.7 million till the end of March 2025, compared to RO 587.5 million in the same period of 2024, according to the latest data released by the National Centre for Statistics and Information (NCSI).
According to Oman News Agency, preliminary statistics issued by the NCSI show that fees collected from all legal transactions amounted to RO 18.3 million till the end of March 2025. This marks an increase of 10.6% compared to RO 16.5 million by the end of March 2024.
The traded value of sale contracts reached RO 252.4 million till the end of March 2025. However, the number of sale contracts fell by 6.3% to 15,815, compared to 16,877 in the same period of 2024.
The value of mortgage contracts rose by 5.8% till the end of March 2025, reaching RO 317.1 million compared to RO 299.8 million during the same period of 2024. The number of mortgage contracts also increased by 10% to 5,344 contracts from 4,858 contracts in the same period of 2024.
The value of traded barter contracts saw a rise of 12.2% to RO 3.2 million till the end of March 2025 compared to RO 2.8 million in the same period of 2024. Conversely, the number of barter contracts fell by 7.6% to reach 354 contracts till the end of March 2025, compared to 383 contracts in March 2024.
Additionally, the number of properties issued by the end of March 2025 fell by 3.1% to 55,378, compared to 57,167 properties during the same period in 2024. The number of properties issued to citizens of GCC countries also decreased by 13.3%, reaching 280 compared to 323 till the end of March 2024.