The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, reported ONA citing official data.

The total value of real estate traded reached RO1.18 billion ($3.05 billion) by the end of May, up from RO1.11 billion ($2.8 billion) last year, according to data released by the National Centre for Statistics and Information (NCSI).

The value of property sales increased 2.9% to RO551.8 million, with the number of sales contracts rising 2.1% to 27,864.

Mortgage activity recorded stronger growth, with the value of mortgage contracts climbing 7.9% year-on-year to 618.1 million rials across 11,130 contracts, compared with 572.7 million rials from 9,140 contracts a year earlier, according to the NCSI data.

The value of exchange contracts rose 17.8% to RO5.4 million, although the number of such contracts fell to 319 from 538 during the same period last year.

The number of real estate title deeds issued declined 12.9% to 82,224, while title deeds issued to citizens of GCC countries dropped 28% to 439, reported ONA citing the data.

Statistics issued by the National Centre for Statistics and Information (NCSI) showed an increase in the traded value of sales contracts to RO551.8 million for 27,864 sales contracts, compared to RO536.3 million for 27,302 sales contracts during the corresponding period of 2025, registering a growth in value of 2.9% and an increase in the number of contracts by 2.1%.