Printer Friendly

Oman reports more than 60% drop in 2017 real estate deals.

The value of real estate transactions in Oman in 2017 was 60.6% lower compared to 2016 figures.

Transactions worth $6.8bn (OMR2.6bn) were recorded by the end of 2017, while fees collected stood at $204.2m (OMR78.6m), reflecting a 20.1% increase from the previous year, Oman News Agency ( ONA ) reported, citing preliminary data released by the National Centre for Statistics and Information (NCSI).

The number of sales contracts also logged a decline of 12.7%, from 68,145 in 2016 to 59,480. Their value, however, went up by 11%, reaching $2.9bn (OMR1.1bn).

The number of title deeds issued by the end of last year stood at 225,468, reflecting a 2.1% dip from the end of 2016, when 230,403 title deeds were issued.

[[banner]]

Meanwhile, the number of title deeds issued for GCC citizens in 2017 decreased by 36.7%, at 1,112 compared to 1,912 title deeds in 2016.

[c] 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Construction Week
Date:Jan 25, 2018
Words:176
Previous Article:Germany gives 126 Mercedes-Benz vehicles as aid to Jordan.
Next Article:Empower opens customer happiness centre in JLT.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters