Latest news with #mortgagecontracts
Arabian Business
3 days ago
- Business
- Arabian Business
Oman real estate transactions hit $2.17bn by April 2025, showing 9.7% growth
The total value of real estate transactions in Oman reached RO 833.9 million ($2.2bn) by the end of April 2025, reflecting a 9.7 per cent increase compared to OR760.2m ($1.98bn) during the same period in 2024, according to the latest data from the National Centre for Statistics and Information (NCSI). Key highlights from the data include: Fees collected from all legal transactions rose by 18.4 per cent, reaching OR24.3m ($63.1m), up from OR20.5m ($53.3m) in April 2024 The traded value of sales contracts increased by 13.7 per cent, amounting to OR408.5m ($1.06b), compared to OR359.4m ($934m) in April 2024. Despite this rise, the number of sales contracts fell by 1.4 per cent, with 21,087 contracts compared to 21,385 in the same period last year Mortgage contracts saw a 6.1 per cent increase, totalling OR421.5m ($1.09bn) across 7,164 contracts, compared to OR397.2m ($1.03bn) for 6,482 contracts in April 2024 Exchange contracts showed a slight decrease in volume, with 436 contracts worth OR3.9m ($10.1m), compared to 465 contracts worth OR3.6m ($9.4m) during the same period in 2024 Additionally, the number of issued property deeds increased by 1.7 per cent, reaching 73,432 by the end of April 2025, compared to 72,181 in the previous year. Oman real estate growth However, property deeds issued to GCC nationals dropped by 3.9 per cent, totalling 394 compared to 410 in April 2024.
Times of Oman
3 days ago
- Business
- Times of Oman
Oman's real estate trading value tops OMR833 million
Muscat: The total value of real estate transactions in the Sultanate of Oman reached OMR833.9 million by the end of April 2025, marking a 9.7% increase compared to the same period in 2024, which recorded OMR760.2 million, according to data released by the National Centre for Statistics and Information (NCSI). The data indicate that fees collected from all legal transactions rose by 18.4%, reaching OMR24.3 million compared to OMR20.5 million during the same period last year. The traded value of sales contracts increased by 13.7%, amounting to OMR408.5 million by the end of April 2025, up from OMR359.4 million in the corresponding period of 2024. Meanwhile, the number of sales contracts declined by 1.4%, totaling 21,087 contracts compared to 21,385 contracts by the end of April 2024. On the other hand, the traded value of mortgage contracts rose by 6.1%, recording approximately OMR421.5 million across 7,164 contracts, compared to OMR397.2 million for 6,482 contracts by the end of April 2024. As for exchange contracts, 436 contracts worth OMR3.9 million were traded by the end of April 2025, compared to 465 contracts worth OMR3.6 million during the same period in 2024. The number of issued property deeds increased by 1.7%, reaching 73,432 by the end of April 2025, compared to 72,181 during the same period in 2024.
