Oman’s Real Estate Prices Surge 15.9%: Implications for Investors and Business Growth
Muscat: Oman’s real estate market exhibited robust growth in the first quarter of 2026, with the Real Estate Price Index increasing by 15.9% compared to the previous year. This surge is primarily attributed to significant rises in both residential and commercial land values.
Data from the National Centre for Statistics and Information (NCSI) indicates that the residential property price index experienced a 17.6% increase year-on-year. This growth was largely driven by a remarkable 21% rise in residential land prices, complemented by a 9% uptick in villa prices and a 4.4% rise in apartment prices. However, other categories of residential housing saw a slight decline of 1.1%.
The commercial property sector also demonstrated strong performance, with its index climbing 10.5%. This growth was primarily fueled by a 16.5% increase in industrial land prices and an 11% rise in commercial land values, despite a 1.8% decrease in retail shop prices during the same timeframe.
Regionally, Muscat led the way in residential land price growth, soaring 43.6% year-on-year. Following Muscat, Al Buraimi recorded a 25.9% increase, while Musandam and Dhofar saw gains of 17.6% and 10.8%, respectively.
Other governorates also showed positive trends: Al Dakhiliyah increased by 5%, South Al Sharqiyah by 4.7%, South Al Batinah by 4%, Al Dhahirah by 2.5%, and Al Wusta by 2%. North Al Batinah had a marginal growth of 0.2%.
In contrast, North Al Sharqiyah was the only region to experience a notable decline, with residential land prices dropping by 14.9% compared to the first quarter of 2025.
These latest figures highlight the continued resilience of Oman’s property market, particularly in land assets, reflecting sustained investor interest and active economic engagement across key sectors. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s real estate market is experiencing notable growth, with the Real Estate Price Index jumping 15.9% year-on-year, driven by rising residential and commercial land values. For businesses, this indicates opportunities for investment in real estate, particularly in high-growth areas like Muscat, which saw land prices soar by 43.6%. Smart investors should consider leveraging this momentum, focusing on residential development and commercial spaces, while remaining cautious of potential market corrections in less favorable regions like North Al Sharqiyah.
