Muscat – The total value of real estate transactions in Oman this year was RO1.113bn by the end of May, reflecting a 10% decline compared to RO1.237bn during the same period in 2024, according to data released by National Centre for Statistics and Information (NCSI).

Despite the overall drop, fees collected from legal transactions rose 13.5% from RO27.2mn in 2024 to RO30.9mn.

The traded value of sales contracts grew 17.3% to RO536.3mn, compared to RO457.2mn in the same period last year. However, the number of sales contracts dropped 2.6% from 28,023 to 27,302.

Mortgage activity saw a sharp decline, with the total value of mortgage contracts falling 26.1% to RO572.7mn across 9,140 contracts. This compares to RO774.5mn recorded from 8,596 contracts by the end of May 2024.

Swap transactions also declined, with 538 contracts worth RO4.6mn registered by the end of May 2025, compared to 583 contracts valued at RO5.2mn in the same period last year.

The number of real estate title deeds issued saw a marginal increase of 0.2% from 94,194 in 2024 to 94,414 this year. Deeds issued to Gulf Cooperation Council nationals rose notably by 24.4% from 528 in 2024 to 657 in the same period this year.