Tuesday 14 July 2020

Oman's real estate deal values hit $449m in September

MUSCAT, October 18, 2019

The value of traded real estate contracts across Oman during September stood at more than RO173.3 million ($449 million), while the collected fees amounted to over RO6.07 million ($15.7 million), reported Oman News Agency, citing a senior official.

The real estate activity involved 33,665 transactions that included sale, grant, inheritance, exchange, mortgage and mortgage redemption, usufruct and division transactions, stated Abdullah bin Salim al-Mukhaini, Secretary of the Real Estate Registry at the Ministry of Housing.

Al Mukhaini said the total value of sale contracts stood at over RO82 million through 5,058 sale transactions at the level of the sultanate’s governorates while the fees collected hit over RO3.16 million, said the senior official.

Among the governorates, the North Al Batinah recorded the highest number of sale contracts in September hitting 1,106, he added.


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