Oman Real Estate Transactions Surpass RO 1.1 Billion: Key Insights for Investors and Business Owners
MUSCAT: As of the end of May 2025, the total value of real estate transactions in Oman was approximately RO 1.113 billion, representing a 10 percent decrease from RO 1.237 billion during the same period last year, according to data from the National Centre for Statistics and Information.
Despite this overall decline, the revenue from transaction fees increased by 13.5 percent, reaching RO 30.9 million, compared to RO 27.2 million in 2024. Additionally, the values of sale contracts saw a rise of 17.3 percent, amounting to RO 536.3 million, even though the number of contracts fell by 2.6 percent, totaling 27,302.
Conversely, the value of mortgage contracts experienced a substantial decline of 26.1 percent, totaling RO 572.7 million across 9,140 contracts, down from RO 774.5 million from 8,596 contracts the previous year. Swap contracts also saw a drop, with 538 transactions valued at RO 4.6 million, compared to 583 contracts worth RO 5.2 million last year.
On a more positive note, the total number of real estate properties issued increased slightly by 0.2 percent, reaching 94,414. Ownership among Gulf Cooperation Council (GCC) nationals rose significantly by 24.4 percent, with 657 properties issued, up from 528 in the previous year. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The 10% decline in total real estate transactions in Oman signals challenges ahead for businesses heavily reliant on property sales; however, the rise in transaction fees suggests new revenue opportunities for real estate agencies. Investors should examine the increased GCC ownership as a potential market trend, indicating a shift in demand dynamics. They must also consider the significant drop in mortgage values as a risk factor, reflecting tighter credit conditions that could further slow the market.
