The value of real estate transactions in Oman increased by 29.6% in 2024, according to preliminary data from the National Center for Statistics and Information (NCSI).
The number of purchase and sale agreements registered in December was 3.8% more than in December 2023, and their value was 4.8% more.
The main driver of the market turned out to be foreign investors. They account for 70% of investments in the sector, according to data from the Ministry of Housing and Urban Planning for the period from January to September last year.
The number of titles awarded to citizens of the Gulf Cooperation Council increased by 10% over the year, reaching 1,447.
Investor confidence is largely due to the law allowing foreigners to own real estate in certain areas.
The country that surprises: Oman's real estate market
Source: Zawya
