MUSCAT : This significant growth compares to RO 2.44 billion during the same period in 2023, according to data from the National Centre for Statistics and Information (NCSI).
Legal transaction fees amounted to RO 62.1 million, reflecting a 2.6% increase over 2023. The traded value of sale contracts grew by 3.1%, totaling RO 1 billion, while the number of sale contracts increased to 61,552, marking a 1.9% rise.
Mortgage contracts witnessed the most substantial growth, with traded value soaring by 44.8% to RO 2.12 billion across 18,846 contracts. Swap contracts also showed steady performance, with 1,223 contracts valued at RO 12.4 million.
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Despite the booming market, the number of properties issued declined by 3.4% to 210,483 by November 2024. However, properties issued to Gulf Cooperation Council (GCC) citizens saw a 6.8% increase, reaching 1,325.
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