Muscat: According to data released by the National Centre for Statistics and Information, the commercial real estate price index rose by 14.6 per cent, driven primarily by a 19 per cent surge in commercial land prices. Industrial land prices also posted growth of 5.5 per cent, while retail shop prices declined by 8.5 per cent during the same period.

The residential property market recorded even stronger performance, with the residential price index climbing 18.7 per cent year-on-year in the third quarter of 2025. Residential land prices increased by 19.6 per cent, apartment prices rose by 22.4 per cent, and villa prices grew by 16.5 per cent. In contrast, prices of other housing types edged down slightly by 0.5 per cent.

At the governorate level, Muscat Governorate registered the highest increase in residential land prices, soaring by 48.3 per cent compared to the third quarter of 2024. This was followed by Musandam Governorate at 29.7 per cent and Al Dakhiliyah Governorate at 12.3 per cent. Moderate growth was also recorded in South Al Batinah (8.7 per cent), North Al Batinah (8.1 per cent), and Dhofar (4 per cent).

However, several governorates experienced declines in residential land prices. Al Dhahirah Governorate recorded the steepest fall at 25.8 per cent, followed by Al Buraimi at 24.6 per cent and Al Wusta at 13.3 per cent. Smaller decreases were observed in North Al Sharqiyah (4 per cent) and South Al Sharqiyah (2.2 per cent).