The general index of residential real estate prices in the Sultanate of Oman decreased by 1.2% in the fourth quarter of 2024 compared to the same quarter of the previous year, according to statistics issued by the National Centre for Statistics and Information.The index of residential land prices recorded an increase of 0.5%, while the index of residential apartment prices decreased by 6.9%, the index of villa prices increased by 0.6% and the index of other home prices decreased by 23%.The general index of residential real estate prices recorded an increase of 1.1% in fourth quarter 2024 compared to the third quarter of 2024, as the index of residential land prices recorded an increase of 1.3%, the index of residential apartments increased by 8.1%, the index of villas decreased by 1.4% and the price of other homes decreased by 10.1%.In the fourth quarter of 2024, compared to the same quarter in 2023, the residential land value index showed a decline in sev... Details

The general import prices index (IPI) in the Sultanate of Oman recorded a decrease of 2.5% in the fourth quarter of 2024 compared to the same period of 2023, due to a drop in price index of most of the groups that make up the general index. Meanwhile, there was an increase in the overall import price index by 0.9% in the fourth quarter of 2024 compared to the third quarter of 2024 according to the National Centre for Statistics and Information (NCSI).Statistics showed that the mineral fuels, lubricants and related materials group decreased by 25.2%, followed by the machinery and transport equipment group, which decreased by 15.8%.In contrast, the price index of the miscellaneous manufactured articles group rose 14.4%, followed by the animal and vegetable oils, fats, and waxes group by 11.9%, and the food and live animals' group by 9.1%. Price index of the chemicals and related products, nes group also rose by 8%, manufactured goods classified chiefly by material group by 6.4%, and beve... Details

Statistics issued by the National Centre for Statistics and Information revealed an increase in the revenues of hotels classified (3 – 5) stars in the Sultanate of Oman by 12.7% by the end of February 2025, reaching 59,043 million Omani Rials compared to 52,405 million Omani Rials at the end of February 2024.This increase is attributed to the 3.6% rise in the total number of hotel guests, which reached approximately 458,433 guests by the end of February 2025, compared to 442,468 guests at the end of February 2024.As for the occupancy rate, it also witnessed an increase, rising from 60.8% at the end of February 2024 to 67.9% at the end of the same month in 2025, recording a growth of 11.7 percentage points.According to the NCSI report, among nationalities, Europeans topped the number of guests in hotels, with their numbers reaching 173,455 (up to 8.7%). As many as 137,465 were Omani guests (a drop of 3.1%), and 60,375 were Asian guests' citizens (up by 8.1%).The... Details

The value of real estate transactions in the Sultanate of Oman fell by 8.3% to RO 362.3 million till the end of February 2025, compared to RO 394.9. million in the same period of 2024, according to the latest data released by the National Centre for Statistics and Information (NCSI).According to preliminary statistics issued by NCSI, fees collected of all legal action amounted to RO 12.3 million till the end of February 2025, an increase of 5.9% compared to the corresponding period of 2024.The traded value of sales contracts decreased by 18.3%, reaching OMR 160.3 million by the end of February 2025, down from OMR 196.2 million in the same period in 2024, and the number of sale contracts fell by 3.2% to 11,177, compared to 11,543 in the same period of 2024.On the other hand, the traded value of mortgage contracts rose by 1.8% till the end of February 2025 to RO 200.1 million compared to RO 196.5 million during the same period of 2024. Meanwhile, the number of mortgage contracts rose by ... Details