Oman's Real Estate Trading Value Surges 18.4% to OMR678.1 Million

The Sultanate of Oman's real estate trading value increased by 18.4% to OMR678.1 million at the end of March 2026, according to statistics from the National Centre for Statistics and Information (NCSI). This figure represents a significant rise from OMR572.7 million recorded during the same period in 2025. The NCSI data notes a substantial growth in the real estate sector across Oman over the past year, reflecting strong activity in property transactions and investments. The full statistics issued by the National Centre for Statistics and Information (NCSI) provide a detailed overview of the market's performance, indicating a strong upward trend in overall real estate trading value.

Sales and Mortgage Contracts Detail

The trading value of sale contracts reached OMR304.9 million, encompassing 15,895 individual sale contracts. This volume of contracts indicates a 0.5% increase in the number of transactions when compared to the corresponding period. These figures contribute to the overall growth observed in Oman's real estate sector, showing consistent demand for property purchases. The increase in the number of sale contracts, though modest, signals continued buyer interest and market stability.

Mortgage contracts also experienced a notable rise, with their trading value increasing by 16.4% to OMR369.3 million by the end of March 2026. This value was distributed across 6,603 mortgage contracts. For comparison, the same period in 2025 recorded OMR317.1 million from 5,344 mortgage contracts, showing a substantial increase in both the value and number of mortgage transactions. The rise in mortgage activity suggests increased financing for property acquisitions, which is a key driver for real estate market expansion. This upward trend in both the value and volume of mortgage contracts indicates growing confidence among lenders and borrowers in the real estate market's prospects.

Property Exchange and Deeds Trends

The trading value of property exchange contracts reached OMR3.9 million across 199 contracts by the end of March 2026, according to statistics from the National Centre for Statistics and Information (NCSI). This represents a 22.1% increase in value compared to the OMR3.2 million recorded across 354 contracts during the same period last year. This increase in value, despite a decrease in the number of contracts, suggests a higher average value per exchange transaction.

Meanwhile, the total number of issued ownership title deeds decreased by 17.3%, recording 45,789 by the end of March 2026, down from 55,378 in the corresponding period of 2025. This decline in the overall number of issued deeds indicates a shift in the nature of transactions or processing. Ownership deeds issued to nationals of Gulf Cooperation Council (GCC) member states also saw a significant decline. A total of 225 title deeds were issued to GCC nationals by the end of March 2026, marking a 45.9% decrease from the 416 deeds issued during the same period in 2025. The reduction in deeds issued to GCC nationals could be attributed to various factors, including evolving investment patterns or policy adjustments.

Broader Economic Context

Oman's recent real estate trading surge occurs within a broader economic climate where various sectors contribute to the Sultanate's financial landscape. The National Centre for Statistics and Information (NCSI) regularly monitors economic indicators, providing data that informs analysis of trends in areas like property and investment. The overall economic direction in Oman has implications for market confidence and development projects, which in turn affect real estate activity. While specific details on other economic sectors are not available, the performance of the real estate market often reflects wider economic health. The Gulf Cooperation Council (GCC) member states maintain economic ties, and investment from these nations can also play a role in Oman's market dynamics. This context suggests a multifaceted economic environment influencing the reported growth in real estate trading values, with the NCSI's statistics providing key insights into these trends.