Saturday 15 May 2021

Oman property deals rise.

Oman property deals' value tops $5.7bn in H1

MUSCAT, July 29, 2015

The value of the real estate transactions registered in the first six months of the year in Oman reached RO2.23 billion ($5.7 billion), reflecting a 45.9 per cent rise compared to figures of H1 2014, a report said.

The collected fees of all the legal transactions reached RO25 million with an increase of 12.8 per cent, added the Oman Observer report, citing figures released by the National Centre for Statistics and Information.

The traded value of the sales contracts increased 4.7 per cent to surpass RO649 million.

Selling contracts witnessed a 4.8 per cent decline to record 42.261 contracts compared to 44.395 contracts during the same period last year, the report said.

The traded value of the mortgage contracts logged a 10.2 per cent increase also to reach 11.585 contracts; compared to 10.514 contracts recorded in the first half of 2014.

The value of exchange contracts was up 143.5 per cent in H1 2015, reaching RO11.2 million.

The number of exchange contracts also recorded an increase of 6.5 per cent to reach 703 contracts by the end of last June; compared to 660 contracts recorded during the same period of 2014.

The statistics showed also that 126.828 title deeds were issued by the end of last June with a 5.8 per cent increase; compared to the figures recorded during the same period of 2014; which reached 119.849 title deeds.

The number of title deeds issued for GCC  nationals witnessed a 27 per cent decrease by the end of last June to reach 1,354; compared to 1,854 title deeds recorded during H1 2014.

Tags: Mortgage | Title deeds |

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