Oman Real Estate Transactions Reach $2.17B by April 2025, Up 9.7%

Oman’s real estate sector recorded significant growth in the first four months of 2025, with total property transactions reaching approximately $2.17 billion (OMR 833.9 million). This marks a 9.7% increase compared to the same period in 2024, underscoring the country’s rising appeal to investors and end-users alike.

Sales Contracts Rise Despite Slight Dip in Volume

Sales contracts contributed strongly to this growth, reaching a total value of $1.06 billion (OMR 408.5 million), an increase of 13.7% year-on-year. However, the number of contracts slightly declined to 21,087 from 21,385 last year, suggesting higher-value transactions are becoming more common.

Mortgage Activity on the Upswing

Mortgage contracts totaled $1.09 billion (OMR 421.5 million), growing by 6.1% in value. The number of contracts also increased from 6,482 to 7,164. This reflects improved access to financing and greater market confidence from buyers seeking long-term property investments.

Legal Transaction Fees Surge

The total legal fees collected from real estate transactions reached $63.1 million (OMR 24.3 million), representing an 18.4% increase compared to $53.3 million (OMR 20.5 million) in April 2024. This rise is in line with the growing transaction values across the sector.

Exchange Contracts Fewer, But Higher in Value

Although the number of exchange contracts dropped slightly to 436 (from 465 last year), the total value rose to $10.1 million (OMR 3.9 million), up from $9.4 million (OMR 3.6 million). This indicates a shift toward larger or more valuable property swaps.

Steady Increase in Property Deeds

A total of 73,432 property deeds were issued by April 2025, up 1.7% from 72,181 in the same period last year. The increase signals sustained demand for real estate ownership, especially in key urban areas and emerging residential communities.

Property Purchases by GCC Nationals Slightly Down

Property deeds issued to GCC nationals fell by 3.9%, totaling 394 compared to 410 a year earlier. Despite the slight dip, GCC buyers remain active participants in Oman’s property market, particularly in premium and resort-style developments.