The total value of real estate trading in the Sultanate of Oman increased by 18.9%, recording at the end of June 2023 the value of one billion and 402 million and 500 thousand Omani riyals, “about one billion and 37 million Bahraini dinars,” or the equivalent of 3.63 billion dollars, compared to one billion and 179 million and 300 thousand Omani riyals. during the same period of 2022.
Preliminary statistics issued by the National Center for Statistics and Information indicated that the fees collected for all legal actions amounted to 33.4 million Omani riyals, an increase of 10.3% from the end of June 2022, while the traded value of sales contracts amounted to 545.7 million Omani riyals for 32 thousand and 907 contracts, a decrease in The value rate increased by 11.1%, with a decrease in the number of contracts by 8.5%.
The traded value of mortgage contracts increased by 52.6%, recording OMR 852.1 million for 12,062 contracts, while the number of swap contracts reached 732 contracts, with a value of OMR 4.8 million.
The number of properties issued by the end of June 2023 amounted to about 117,870 properties, an increase of 1.3%, while the number of properties issued to citizens of the Gulf Cooperation Council countries reached 633 properties, an increase of 79.3%.
This value exceeds the previous one by one month, as the total value of real estate trading in the Sultanate of Oman at the end of last May increased by 37.8% to reach one billion and 220 million and 600 thousand Omani riyals.
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