Oman’s real estate sector recorded strong growth during the first four months of 2026, with the total value of property transactions rising 13.4% year-on-year to OMR 945.8 million (USD 2.46 billion), according to data released by the National Centre for Statistics and Information (NCSI).

The increase was supported by higher activity across sales, mortgage, and barter transactions, with the mortgage segment emerging as the primary driver of market growth. However, the number of title deeds issued, including those granted to GCC nationals, declined compared to the same period last year.

NCSI figures show that total real estate trading value reached OMR 945.8 million (USD 2.46 billion) by the end of April 2026, up from OMR 833.9 million (USD 2.17 billion) during the corresponding period of 2025.

Sales Activity Continues to Expand

The value of sales contracts increased to OMR 439.6 million (USD 1.14 billion) across 22,272 transactions by the end of April, compared with OMR 408.5 million (USD 1.06 billion) a year earlier. The number of sales contracts rose by 5.6% year-on-year, reflecting sustained demand across the property market.

Mortgage Market Drives Growth

Mortgage activity posted the strongest growth among all transaction categories. The value of mortgage contracts climbed 19% to OMR 501.4 million (USD 1.3 billion) across 9,095 agreements, compared with OMR 421.5 million (USD 1.1 billion) through 7,164 contracts during the same period in 2025.

The increase highlights continued demand for property financing and growing activity within Oman’s mortgage market.

Barter Transactions Gain Value

Barter contracts also recorded growth in value despite a decline in transaction numbers. The total value of barter agreements reached OMR 4.8 million (USD 12.5 million) across 264 contracts, compared with OMR 3.9 million (USD 10.1 million) through 436 contracts in the first four months of 2025.

This represents a 21.5% increase in value year-on-year.

Decline in Title Deeds Issued

Despite the rise in transaction values, the number of title deeds issued across the Sultanate fell by 10.8% to 65,530 by the end of April 2026, compared with 73,432 during the same period last year.

Title deeds issued to GCC nationals also declined significantly. A total of 317 deeds were granted to GCC citizens during the period, down from 529 a year earlier, representing a 40.1% year-on-year decrease.

The latest figures indicate continued momentum in Oman’s real estate market, supported by stronger financing activity and rising transaction values, even as property ownership registrations moderated.

Source: Arabian Business.