Oman's real estate market generated total transaction value of RO 1.18 billion (USD 3.05 billion) in the first five months of 2026, a 5.5% increase from RO 1.11 billion (USD 2.8 billion) recorded over the same period last year, according to data from the National Centre for Statistics and Information.
Property sales value rose 2.9% to RO 551.8 million across 27,864 contracts – up 2.1% by volume – while mortgage activity outpaced sales growth, with the value of mortgage contracts climbing 7.9% year-on-year to RO 618.1 million across 11,130 contracts, compared with RO 572.7 million from 9,140 contracts a year earlier.
Exchange contract values rose 17.8% to RO 5.4 million, though the number of such contracts fell sharply from 538 to 319. The number of real estate title deeds issued declined 12.9% to 82,224, and title deeds issued to GCC nationals dropped 28% to 439. The data paints a picture of a market advancing steadily in value terms, with mortgage-driven activity emerging as the primary engine of growth in the near term.
Gulf Economist Staff Writer