Sultanate Real Estate Trading During February 2018 Exceeds RO 183 Million.
Secretary of the Real Estate Registry at the Ministry of Housing said
that the value of traded contracts in real estate sector reached
RO183.468.715 by the end of February 2018, while the collected fees
stood at RO 7,367,388.
He pointed out that the total number of real estate transactions
amounted to 41,767 including sale, will, inheritance, exchange
mortgage and release of mortgage transactions, besides visas.
He added that the number of sale contracts during February 2018
exceeded 5,045 contracts worth of RO 97,921,000 at the level of the
Sultanate's governorates while the collected fees from such sale
contracts during February 2018 reached RO 3,779,701.
Al-Mukhini added that the Governorate of North Al Batinah recorded
the highest rate of real estate sale contracts with (1122) contracts,
followed by the Governorate of Muscat with (843) contracts, (813) sale
contracts were signed in the Governorate of South Al Batinah, (593)
contracts in the Governorate of A'Dakhiliyah, (432) contracts in
Governorate of North A'Sharqiyah, (390) contracts in the Governorate
of Dhofar, (355) contracts in the Governorate of South A'Sharqiyah,
(294) contracts in the Governorate of A'Dhahirah, (147) contracts in the
Governorate of Al Buraimi, (117) contracts in the Governorate of Al
Wusta and (39) contracts in the Governorate of Musandam.
Al-Mukhini added that 24,923 title deeds were issued in February
2018 including 5,344 in the Governorate of North Al Batinah, 4,175 in
the Governorate of Muscat, 3,620 in the Governorate of South Al
Batinah, 3,356 in the Governorate of A'Dakhiliyah, 2.678 in the
Governorate of A'Dhahirah, 2.019 in the Governorate of North
A'Sharqiyah, 1.505 in the Governorate of South A'Sharqiyah, 1.459 in
the Governorate of Dhofar, 436 in the Governorate of Al Wusta, 227 in
the Governorate of Musandam, 108 in the Governorate of Al-Buraimi.
The number of new land plots registered for the first time stood at
The Secretary of the Real Estate Registry explained that the value
of exchanged contracts stood at RO 1,176.719 and the collected fees
for the same amounted RO 23,481 through 136 exchanged contracts,
the Governorate of A'Dhahirah recorded the highest rate with (24)
As for inheritance contracts, they stood at (679), as the Governorate
of North Al Batinah registered the highest percentage by (337)
He explained that a total of 1.364 mortgage contracts worth RO
84,370,534 were signed across the Sultanate during February 2018
with fees worth RO 530.879.
He added that the Governorate of Muscat recorded the highest
rate of mortgage contracts among the Sultanate's governorates with
Al-Mhikhini concluded that the total number of title deeds issued
for the GCC nationals according to the real estate possession
conditions during February 2018 amounted to (115), with the UAE
citizens on top by (47) title deeds, followed by the Kuwaiti citizens by
(39) title deeds, and (15) title deeds for Qatari, (9) title deeds for Saudi
citizens and (5) title deeds for Bahraini.
Most of the possessions of the GCC nationals were focused in the
Governorate of North Al-Batinah, comprising 33% of the title deeds.
Copyright (C) 2018. Oman News Agency. All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Publication:||Oman News Agency|
|Date:||Mar 14, 2018|
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