Home Gulf Business, Oman Business Sultanate Real Estate Trading During December Exceeds RO 128 Million

Sultanate Real Estate Trading During December Exceeds RO 128 Million

Gulf Business, Oman Business 2018/01/07 at 5:00 PM
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Abdullah bin Salim al- Mukhaini, Secretary of the Real Estate Registry at the Ministry of Housing said that the value of traded contracts in real estate sector reached more than RO128 million by the end of December 2017 while the collected fees stood at RO 5,408,000.

He pointed out that the total number of real estate transactions amounted to 29,765 including sale, will, inheritance, exchange, mortgage and release of mortgage transactions, besides visas.

He added that the number of sale contracts during December 2017 exceeded 3,944 contracts worth of RO 63,563,000 at the level of the Sultanate’s governorates while the collected fees from such sale contracts during December 2017 reached more than RO 2,721,000.

Al-Mukhini added that the Governorate of North Al Batinah recorded the highest rate of real estate sale contracts with (818) contracts followed by the Governorate of Muscat with (581) contracts, (628) sale contracts were signed in the Governorate of South Al Batinah, (510) contracts in the Governorate of A’Dakhiliyah, (357) contracts in Governorate of North A’Sharqiyah, (354) contracts in the

Governorate of South A’Sharqiyah, (281) contracts in the Governorate of A’Dhahirah, (184) contracts in the Governorate of Dhofar, (103)

contracts in the Governorate of Al Buraimi, (101) contracts in the Governorate of Al Wusta and (27) contracts in the Governorate of Musandam.

Al-Mukhini added that 17,334 title deeds were issued inDecember 2017 including 3,313 in the Governorate of Muscat, 3,274 in the Governorate of North Al Batinah, 2,818 in the Governorate of South Al Batinah, 2,612 in the Governorate of A’Dakhiliyah, 1,343 in the

Governorate of North A’Sharqiyah, 1,194 in the Governorate of A’Dhahirah, 1,147 in the Governorate of South A’Sharqiyah, 889 in the

Governorate of Dhofar, 376 in the Governorate of Al-Buraimi, 232 in the Governorate of Al Wusta, 136 in the Governorate of Musandam,

besides the GCC citizens’ title deeds. The number of new land plots registered for the first time stood at 4,777.

 

The Secretary of the Real Estate Registry explained that a total of 908 mortgage contracts worth RO 63,532,000 were signed across the

Sultanate during December 2017 with fees worth more than RO 384,000. He added that the Governorate of Muscat recorded the highest rate of mortgage contracts among the Sultanate’s governorates with 276.

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