JEDDAH: Oman’s real estate transactions reached over 2.33 billion Omani rials ($6.1 billion) in the first nine months of 2026, down 0.7 percent from a year earlier, according to official data. The decline came as higher property sales values were offset by a fall in mortgage transaction values, according to a report by the National Centre for Statistics and Information, or NCSI, published by Oman News Agency, or ONA.
The value of property sale contracts rose 15.9 percent to 1.08 billion rials, compared with 928.6 million rials in the same period of 2025. The number of sale contracts edged down 0.2 percent to 50,069, from 50,175 a year earlier. The traded value of mortgage contracts declined by 11.7 percent to 1.25 billion rials, although the number of contracts increased to 20,059 from 16,432 in the corresponding period of 2025, a rise of 22.1 percent, ONA reported.
“The traded value of property swap contracts increased by 7.9 percent to 8.8 million rials, across 477 contracts, compared with 8.2 million rials and 884 contracts during the same period in 2025,” the news agency reported.
The data also showed that the number of property ownership deeds issued fell by 15.5 percent to 148,319 by the end of September, compared with 175,436 during the same period in 2025.