The total value of real estate trading in Oman exceeded OMR3.3 billion ($8.6 billion), achieving 29.5 percent increase compared to 2023.
A report from the country’s Ministry of Housing and Urban Planning indicates that by the end of September 2024, real estate activities contributed OMR820.7 million ($2.1 billion) to the Sultanate’s gross domestic product (GDP).
Mortgage contracts made up the upper portion of the deal value at OMR2.2 billion followed by sale contracts worth OMR1 billion and swap contracts at OMR13 million.
