Muscat: The total value of real estate trading in the Sultanate of Oman recorded an increase of 29.6 percent, reaching RO 3,379.8 million by the end of December 2024, compared to RO 2,607.1 million during the same period in 2023.

According to Oman News Agency, preliminary statistics issued by the National Center for Statistics and Information indicated that the fees collected for all legal transactions amounted to RO 69 million, marking an increase of 6.4 percent compared to the end of December 2023.

The traded value of sales contracts amounted to RO 1,094.9 million by the end of November 2024, representing an increase of 4.8 percent, while the total number of sales contracts reached 13,668, an increase of 3.8 percent.

The traded value of mortgage contracts increased significantly by 46.4 percent, recording RO 2,271.9 million for 20,680 contracts. Meanwhile, the number of exchange contracts reached 1,325 with a value of RO 13.1 million.

The number of title deeds issued by the end of December 2024 amounted to about 233,345, which was a decrease of 0.9 percent. However, the number of title deeds issued for GCC citizens amounted to 1,447, showing an increase of 10 percent.