MUSCAT – The commercial real estate index recorded a 12.3 percent increase, largely driven by an 18.8 percent rise in commercial land prices. However, retail shop prices fell 12.1 percent, while industrial land prices dropped 2.9 percent.

Residential properties saw stronger growth, with the index rising 14.6 percent year-on-year in Q4 2025. Residential land prices increased 14.6 percent, villa prices rose 20.6 percent, other house types grew 25.8 percent, and residential apartments edged up 0.6 percent.

At the governorate level, Muscat led the growth with residential land prices climbing 41.3 percent, followed by South Al Batinah (6.3 percent), Musandam (4.8 percent), Dhofar (2.9 percent), North Al Batinah (1.3 percent), and South Al Sharqiyah (1 percent). Al Dakhiliyah and North Al Sharqiyah saw modest growth of 0.6 percent.

Conversely, some governorates experienced declines in residential land prices, with Al Wusta falling 40.3 percent, Al Dhahirah down 24.7 percent, and Al Buraimi decreasing 16.4 percent.