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The cumulative value of real estate transactions in Oman reached RO1.593 billion by the end of July, reflecting a year-on-year decline of 7.9 per cent. Despite this dip, the sector has shown notable resilience, supported by investor confidence, ongoing development projects, and government initiatives aimed at sustainability. While activity has slowed in some segments, demand in residential and commercial assets has provided balance. Analysts indicated that the market remains fundamentally strong and continues to adapt in line with the country's broader economic diversification strategy.
Real estate transactions in Oman totalled RO1.593 billion by the end of July, showing a 7.9 per cent fall compared with the same period a year ago. The decline was attributed to moderated activity in selected market segments, yet the overall trend has been described as an adjustment rather than a downturn. Advertisement
Market observers noted that underlying resilience remains intact, driven by investor interest, ongoing urban development, and reforms supporting long-term growth. The focus on sustainability and integration of smart infrastructure continues to attract both domestic and foreign participation, helping offset reduced volumes in certain areas.
Residential and commercial assets have retained consistent demand, with projects aligned to modern urban needs maintaining their appeal. The inclusion of ESG-compliant features and innovative design has further bolstered market confidence, ensuring that Oman's property sector continues to evolve in step with global investor priorities.
This environment suggests that, while short-term figures reflect moderation, the sector's fundamentals remain strong, supported by national diversification efforts and a clear trajectory towards sustainable development.
Strong policy backing, investor confidence, and sustainable development strategies continue to provide a solid base for future activity. With resilient demand in residential and commercial projects and a growing emphasis on innovation, the sector is expected to stabilise and strengthen, reinforcing its role as a cornerstone of the country's broader economic diversification plans.
Source: Muscat Daily
5th Jun, 2025
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