Muscat – Addressing the Shura Council’s session on housing and urban development, the Minister revealed a significant surge in real estate activity, with 375,132 transactions, encompassing sales, mortgages, and exchanges, valued at over RO 10 billion recorded between 2021 and 2024.
His Excellency emphasised the role of the Ministry’s electronic platform in the distribution of 69,963 plots of land and residential units during the same period, ensuring a transparent and streamlined process for citizens. This digital approach aligns with the Ministry’s commitment to efficiency and accessibility.
His Excellency also reported continued support for low-income families through the Social Housing Program, which has benefited approximately 4,923 families. In addition, the Ministry allocated 216 residential units within the Integrated Housing Neighbourhood Projects to strengthen the Housing Assistance Program, and earmarked around 1,000 units in Sultan Haitham City.
Focusing on future-ready infrastructure, His Excellency Dr. Al Shuaili highlighted the Ministry’s efforts to build integrated smart cities that meet modern sustainability standards. These cities are being designed to manage environmental pressures while accommodating growing populations in a socially inclusive way. More than 49,000 plots of land have already been prepared and planned for various development purposes, forming the backbone of Oman’s new urban landscape.
To further stimulate private sector participation, the Ministry has granted 20 real estate development licenses between 2022 and 2024, attracting an estimated RO 500 million in investment. These projects include integrated residential neighborhoods and urban plans that align with Oman Vision 2040.
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