Oman real estate deals hit $454m in December

Highest number of sales contracts recorded in Muscat

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The value of real estate traded contracts in Oman during December 2016 stood at $454m, according to the Oman News Agency (ONA).

The collected fees amounted to $13m, said Abdullah bin Salim al-Mukhaini, secretary of the real estate registry at Oman’s Ministry of Housing.

He added that the real estate activity involved 25,935 transactions, including sale, grant, inheritance, exchange, mortgage and mortgage redemption, usufruct and division transactions.

Al-Mukhaini pointed out that the Governorate of Muscat recorded the highest number of sales contracts compared to other governorates during December 2016, totalling 773 sale contracts, followed by North Al Batinah with 868, South Al Batinah with 661, and Al Dakhiliyah with 370.

A total of 17,462 title deeds were issued during December 2016, including those issued for the GCC citizens.


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