MUSCAT : The growth was fueled largely by the residential sector, which recorded an 11.8 percent increase. Villa prices led the surge, soaring 17.6 percent, followed by residential land prices up 11.3 percent, apartments up 9.7 percent, and other homes edging higher by 1.7 percent.
On the commercial front, the index advanced 8.8 percent, driven by a 7.3 percent rise in commercial land prices. Retail property prices climbed 4.1 percent, while industrial land saw the steepest increase at 16.1 percent.
At the governorate level, Muscat stood out with a sharp 38.1 percent increase in residential land prices, the highest nationwide. Gains were also seen in Al Dakhiliyah (6 percent), South Al Batinah (3.5 percent), Musandam (2.3 percent), and South Al Sharqiyah (0.3 percent).
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However, the upward momentum was not universal. Al Buraimi recorded the sharpest drop, with residential land prices plunging 37.7 percent. Declines were also registered in Al Wusta (down 24.7 percent), Al Dhahirah (24.2 percent), Dhofar (6.3 percent), North Al Batinah (3.1 percent), and North Al Sharqiyah (0.6 percent).
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