Oman Real Estate Market Report 2026: Prices, Deals and New Rules
The Oman real estate market report for 6 November 2026 rests on official figures: the National Centre for Statistics and Information (NCSI) price index stood at 129.9 in Q2 2026, up 22.7% on a year earlier, while traded value for January to September 2026 was OMR 2,331.5 million ($6.06 billion), 0.7% below the same months of 2025.
This report sets out what each official series measures, where it stands at 6 November 2026 and how the numbers were calculated. It covers the price index by property type and governorate, sales and mortgage contracts, rents reported by Savills and Hamptons, the rules that changed during 2026, and a comparison with prices on our own listing pages. It contains no forecast. All figures are provisional unless stated and can be revised.
Oman Real Estate Market at a Glance: Figures at 6 November 2026
The table gathers the headline numbers from the October 2026 NCSI monthly statistical bulletin, which carries Ministry of Housing and Urban Planning data, and from the reports quoted later in this article. Each row names its period, because the series do not end in the same month.
| Measure | Latest figure | Period | Change on a year earlier |
|---|---|---|---|
| Real estate price index (2018 = 100) | 129.9 | Q2 2026 | +22.7% |
| Residential price index | 129.8 | Q2 2026 | +24.6% |
| Muscat residential land index | 170.2 | Q2 2026 | +40.6% |
| Traded value of property | OMR 2,331.5 million | Jan–Sep 2026 | -0.7% |
| Traded value of sales contracts | OMR 1,076.0 million | Jan–Sep 2026 | +15.9% |
| Number of sales contracts | 50,069 | Jan–Sep 2026 | -0.2% |
| Traded value of mortgage contracts | OMR 1,246.5 million | Jan–Sep 2026 | -11.7% |
| Number of mortgage contracts | 20,059 | Jan–Sep 2026 | +22.1% |
| Properties issued | 148,319 | Jan–Sep 2026 | -15.5% |
| Real estate activities in GDP (current prices, provisional) | OMR 600.5 million | Jan–Jun 2026 | +2.3% |
| Total bank loans and financing | OMR 38,806.1 million | End-Aug 2026 | +13.8% |
Two features of the table matter for everything that follows. First, the price index and the transaction data are separate series built from different inputs, and they moved in different directions in 2026. Second, the price index is dominated by land, so a headline of 22.7% does not describe what happened to the price of an apartment. Both points are developed below. For a buyer-oriented reading of the same index, see our guide to property prices in Oman; this report concentrates on the data and its method.
How Big Is the Oman Real Estate Market in 2026?
No single official number answers “how big”, because a market can be sized by the value of deals, by the output of the sector, or by the stock of assets. The October 2026 NCSI bulletin supports two of those yardsticks, and the third needs a caveat.
| Yardstick | Figure | Period | USD at 2.6008 | What it counts |
|---|---|---|---|---|
| Traded value of property, full year | OMR 3,367.8 million | 2025 | $8.76 billion | Sales, mortgage and barter contracts |
| Traded value of property, year to date | OMR 2,331.5 million | Jan–Sep 2026 | $6.06 billion | Same definition |
| Real estate activities in GDP, current prices | OMR 1,123.4 million | 2025 | $2.92 billion | Output of the sector as measured in the national accounts |
| Real estate activities in GDP, current prices (provisional) | OMR 600.5 million | Jan–Jun 2026 | $1.56 billion | Same definition; +2.3% on Jan–Jun 2025 (OMR 586.8 million) |
| Foreign direct investment in real estate | OMR 602.5 million | End-Q1 2026 | $1.57 billion | Reported by Savills; +1.2% on a year earlier |
The traded-value figure is the broadest measure of activity. For 2025 it was OMR 3,367.8 million, of which sales contracts accounted for OMR 1,270.3 million across 67,074 contracts, and mortgage contracts for OMR 2,086.8 million across 22,677 contracts. Barter contracts were worth OMR 10.7 million. NCSI publishes the three lines together as “traded value”. A mortgage contract’s value is the amount secured on a property that may also appear in a sales contract, so the total is a measure of contract activity rather than of money that changed hands for ownership. This report keeps NCSI’s label.
The national accounts give a different picture. Real estate activities were worth OMR 600.5 million at current prices in the first half of 2026, 2.3% more than a year earlier, and OMR 1,123.4 million for 2025. This is a measure of the sector’s output, not of the value of properties traded, so the two cannot be added or compared as a ratio. In the same table the construction line was OMR 1,255.6 million for January to June 2026, up 1.3%.
Foreign direct investment into real estate is the narrowest of the three. Savills, in its Q2 2026 report, gave OMR 602.5 million at the end of Q1 2026, up 1.2% on a year earlier. Its Q1 2026 report had put the year-end 2025 figure at OMR 584.3 million, 2.4% lower than a year before. The latest Savills note on the Oman real estate market, published on 27 July 2026, also said transaction value reached OMR 1.43 billion by the end of June, up 5.4%, and that the number of property contracts rose 12.2%.
Market-size estimates from commercial research firms, which put the market in dollar terms and project it forward, are not official statistics and are not used in this report.
What Does the Oman Real Estate Price Index Measure?
The official Oman real estate price index is compiled from Ministry of Housing and Urban Planning data and published by NCSI. The bulletin states the base year as 2018, so a reading of 129.9 means prices are 29.9% above their 2018 level on the index’s own terms. It is a weighted index: each property type carries a fixed weight, and the weights are printed in the bulletin.
The weights are the key to reading the headline. Residential land carries 52.9 of the 100 points, commercial land 25.9 and industrial land 4.5, so land accounts for 83.3 points in total (52.9 + 25.9 + 4.5). Buildings carry the remaining 16.7: villas 7.0, apartments 5.8, other homes 2.2 and shops 1.7. Within residential land, Muscat alone has a weight of 22.5, which is 42.5% of the residential land weight (22.5 divided by 52.9).
| Component | Weight | Q2 2025 | Q1 2026 | Q2 2026 | Change on Q2 2025 (published) | Change on Q1 2026 (published) | Approx. points added since Q2 2025 (calculated) |
|---|---|---|---|---|---|---|---|
| All real estate | 100.0 | 105.9 | 121.9 | 129.9 | +22.7% | +6.5% | 24.0 (total) |
| Commercial real estate | 32.1 | 115.8 | 130.8 | 130.2 | +12.4% | -0.4% | — |
| Commercial land | 25.9 | 111.6 | 130.1 | 133.1 | +19.2% | +2.3% | 5.6 |
| Shops | 1.7 | 164.0 | 145.4 | 144.3 | -12.0% | -0.8% | -0.3 |
| Industrial land | 4.5 | 120.5 | 134.7 | 115.9 | -3.9% | -14.0% | -0.2 |
| Residential real estate | 67.9 | 104.1 | 117.8 | 129.8 | +24.6% | +10.2% | — |
| Residential land | 52.9 | 105.4 | 127.3 | 134.9 | +28.0% | +6.0% | 15.6 |
| Apartments | 5.8 | 106.9 | 114.5 | 125.2 | +17.2% | +9.3% | 1.1 |
| Villas | 7.0 | 108.4 | 109.1 | 120.1 | +10.8% | +10.1% | 0.8 |
| Other homes | 2.2 | 81.7 | 74.0 | 82.2 | +0.6% | +11.1% | 0.0 |
The last column is a calculation made for this report, not an NCSI figure. For each building or land type it multiplies the weight by the rise in its index level since Q2 2025: for residential land, 52.9 x (134.9 – 105.4) / 100 = 15.6 points. Adding the seven land and building lines gives 22.5 points, against an actual rise in the all-real-estate index of 24.0 points (129.9 – 105.9). The gap of 1.5 points shows that the published weights are a guide to what dominates the index rather than an exact decomposition, and the bulletin does not publish the compilation method. Even so, the pattern is clear: about two thirds of the rise (15.6 of 24.0 points) comes from residential land, and about a further quarter (5.6 points) from commercial land.
Provisional figures and revisions
The Q2 2026 table is marked provisional, and the bulletin shows that earlier quarters move. The Q1 2026 bulletin printed the residential land index at 122.9 and the Muscat residential land index at 156.5. In the Q2 2026 bulletin, the “previous quarter” column for the same quarter reads 127.3 and 173.6. That is why the Q2 2026 quarter-on-quarter change for Muscat residential land appears as -2.0% (170.2 against 173.6), even though the year-on-year figure is +40.6%. Anyone building a chart from a mix of releases should take every point from one bulletin, or record which release each point came from.
Rounding
The published changes are calculated from unrounded index values. Recomputing from the rounded levels in the table can differ by 0.1 percentage point: apartments, for example, give 125.2 / 106.9 – 1 = 17.1%, against the published 17.2%. The published figure should be used when quoting.
How Much Did Oman Real Estate Prices Rise in Q2 2026?
NCSI reported that the all-real-estate index rose 22.7% in Q2 2026 compared with Q2 2025, and 6.5% compared with Q1 2026 (129.9 against 121.9). The Times of Oman reported the year-on-year figures on 19 September 2026. Residential prices rose 24.6%, with residential land up 28.0%, apartments up 17.2%, villas up 10.8% and other houses up 0.6%. Commercial prices rose 12.4%, made up of commercial land up 19.2%, industrial land down 3.9% and shops down 12.0%.
The year-on-year rate has been double-digit for five consecutive quarters in the releases read for this report. The table sets them side by side, with the source of each release.
| Quarter | All real estate | Residential | Residential land | Apartments | Villas | Muscat residential land | Release read |
|---|---|---|---|---|---|---|---|
| Q2 2025 | +10.8% | +11.8% | +11.3% | +9.7% | +17.6% | +38.1% | Oman Observer |
| Q3 2025 | +17.3% | +18.7% | +19.6% | +22.4% | +16.5% | +48.3% | Arab News, 28 Dec 2025 |
| Q4 2025 | +13.9% | +14.6% | +14.6% | +0.6% | +20.6% | +41.3% | Zawya |
| Q1 2026 | +15.9% | +17.6% | +21.0% | +4.4% | +9.0% | +43.6% | NCSI bulletin |
| Q2 2026 | +22.7% | +24.6% | +28.0% | +17.2% | +10.8% | +40.6% | NCSI bulletin |
Two points stand out. Apartments are the volatile line: from +22.4% in Q3 2025 the annual rate fell to +0.6% in Q4 2025 and +4.4% in Q1 2026 before returning to +17.2%. Apartments carry only 5.8 of the 100 weight points, so the line is a small part of the headline and its quarterly swings say little about the overall index. Muscat residential land, by contrast, has stayed between +38% and +48% for five quarters, at the heart of the headline.
The “price surge in 2025” that appears in many searches refers to this sequence. The index rose 10.8% in Q2 2025, 17.3% in Q3 2025 and 13.9% in Q4 2025 compared with the same quarters of 2024. Those are annual comparisons; the index level moved from 105.2 in Q1 2025 to 112.4 in Q4 2025 (a rise of 6.8% over three quarters, calculated from the NCSI table) and reached 121.9 in Q1 2026.
For anyone comparing the Oman figures with another country, one more point of method: the bulletin prints the index values and weights but not the compilation method, so it does not say whether the series adjusts for changes in the mix of land and buildings recorded in a quarter. Comparisons with indices published elsewhere should be made with that gap in mind.
Which Governorates Saw the Biggest Land Price Changes?
NCSI breaks residential land into the eleven governorates. The Q2 2026 table, with the weights, shows that three governorates carry most of the weight: Muscat (22.5), South Al Batinah (11.2) and North Al Batinah (6.0), together 39.7 of the 52.9 residential-land points, or 75% (39.7 / 52.9).
| Governorate | Weight | Q2 2025 | Q1 2026 (as shown in Q2 bulletin) | Q2 2026 | Change on Q2 2025 | Change on Q1 2026 |
|---|---|---|---|---|---|---|
| Muscat | 22.5 | 121.1 | 173.6 | 170.2 | +40.6% | -2.0% |
| South Al Batinah | 11.2 | 102.3 | 106.8 | 121.6 | +18.9% | +13.9% |
| North Al Batinah | 6.0 | 90.3 | 93.2 | 116.4 | +29.0% | +24.8% |
| Ad Dakhiliyah | 4.1 | 93.0 | 92.6 | 102.0 | +9.8% | +10.2% |
| Dhofar | 3.5 | 88.8 | 98.6 | 103.3 | +16.4% | +4.8% |
| South Ash Sharqiyah | 1.3 | 91.8 | 98.3 | 104.8 | +14.2% | +6.6% |
| Adh Dhahirah | 1.3 | 63.1 | 63.3 | 67.3 | +6.7% | +6.3% |
| North Ash Sharqiyah | 1.2 | 131.8 | 113.6 | 154.6 | +17.3% | +36.1% |
| Al Buraimi | 0.8 | 61.3 | 75.8 | 63.2 | +3.1% | -16.6% |
| Musandam | 0.5 | 106.6 | 133.2 | 137.6 | +29.1% | +3.4% |
| Al Wusta | 0.5 | 173.8 | 143.8 | 145.9 | -16.0% | +1.4% |
Reading the table needs care. The percentages are changes in an index, not changes in the price of a given plot. In a governorate with a small weight, such as Al Buraimi (0.8), Musandam (0.5) or Al Wusta (0.5), the index swings sharply from quarter to quarter: Al Buraimi fell 16.6% in a quarter and Al Wusta’s index is 145.9 against 173.8 a year earlier. The Q4 2025 release read for this report recorded Al Wusta at -40.3%, which shows how far a small-weight series can move between releases.
Muscat combines the largest weight with an index level (170.2) far above the 2018 base, and that level is 1.4 times its Q2 2025 level (170.2 / 121.1 = 1.41). Elsewhere the levels are modest: North Al Batinah is at 116.4, Dhofar at 103.3 and Ad Dakhiliyah at 102.0, which means land there is only a few points above 2018 prices on the index’s terms. Adh Dhahirah (67.3) and Al Buraimi (63.2) remain below the 2018 base.
Where the buyer of a home is concerned, the land index is one input among several. The Ministry of Housing and Urban Planning index treats land and buildings as separate lines, and the apartment line, at +17.2%, is the better indicator for a flat in a freehold community. Our listing data in the section on listings further down shows how the prices of units in Muscat communities compare with each other.
How Many Oman Real Estate Transactions Were Recorded in 2026?
The NCSI bulletin of October 2026 carries the Ministry’s real estate activity table for January to September 2026. Total traded value was OMR 2,331.5 million, against OMR 2,348.4 million in January to September 2025, a fall of 0.7%. Underneath that flat total, the two main components moved in opposite directions.
| Line | Jan–Sep 2026 | Jan–Sep 2025 | Change (published) | Full year 2025 |
|---|---|---|---|---|
| Traded value of property (OMR million) | 2,331.5 | 2,348.4 | -0.7% | 3,367.8 |
| Traded value of sales contracts (OMR million) | 1,076.0 | 928.6 | +15.9% | 1,270.3 |
| Sales contracts (number) | 50,069 | 50,175 | -0.2% | 67,074 |
| Traded value of mortgage contracts (OMR million) | 1,246.5 | 1,411.6 | -11.7% | 2,086.8 |
| Mortgage contracts (number) | 20,059 | 16,432 | +22.1% | 22,677 |
| Traded value of barter contracts (OMR million) | 8.8 | 8.2 | +7.9% | 10.7 |
| Barter contracts (number) | 477 | 884 | -46.0% | 1,216 |
| Properties issued (number) | 148,319 | 175,436 | -15.5% | 233,172 |
| Properties issued for GCC citizens (number) | 824 | 940 | -12.3% | 1,252 |
Three observations follow from the table. First, sales contract value grew by OMR 147.4 million (1,076.0 – 928.6) while the number of contracts barely changed, so the average value of a sales contract rose. Second, mortgage contract value fell by OMR 165.1 million (1,246.5 – 1,411.6) while the number of mortgage contracts rose by 3,627 (20,059 – 16,432). Third, “properties issued”, the bulletin’s count of ownership records issued, fell 15.5%. The bulletin defines none of these lines beyond their labels, so the interpretation below is arithmetic, not an official explanation.
The bulletin’s own caption for the month highlights the September figures: total traded value of OMR 343.0 million in September 2026 and a 15.5% decrease in properties issued over January to September. The monthly columns for the third quarter are in the next table, together with the figures for October to December 2025 that follow from subtracting the January to September 2025 column from the full-year column.
| Month | Traded value (OMR million) | Sales contracts (OMR million) | Sales contracts (number) | Mortgage contracts (OMR million) | Mortgage contracts (number) | Properties issued |
|---|---|---|---|---|---|---|
| July 2026 | 244.6 | 118.0 | 5,702 | 124.2 | 2,058 | 18,132 |
| August 2026 | 272.7 | 109.0 | 4,904 | 163.5 | 2,122 | 12,092 |
| September 2026 | 343.0 | 124.0 | 5,460 | 218.8 | 2,500 | 16,375 |
| July–September 2026 (sum) | 860.3 | 351.0 | 16,066 | 506.5 | 6,680 | 46,599 |
| October–December 2025 (calculated) | 1,019.4 | 341.7 | 16,899 | 675.2 | 6,245 | 57,736 |
The monthly rise in traded value from July (244.6) to September (343.0) came mostly from mortgage contracts: their value went from OMR 124.2 million to OMR 218.8 million, an increase of OMR 94.6 million, while sales contract value moved between OMR 109.0 and OMR 124.0 million. The year-to-date total for 2026 stands at 69.2% of the full-year 2025 total (2,331.5 / 3,367.8), with three months of 2026 still to be reported.
What the earlier releases said
The Oman Observer reported on 22 September 2026, citing NCSI, that sales contracts had a traded value of about OMR 954.1 million by the end of August 2026, up 14.5% on the same period of 2025, and that total traded value reached about OMR 1.72 billion by the end of July, up 7.7% from OMR 1.59 billion. Hamptons International, in a report covered by the Oman Observer on 13 September 2026, put the first-half total at OMR 1.434 billion: OMR 688.1 million of sales contracts, with over 34,000 contracts registered, and OMR 740.2 million of mortgage contracts across 13,383 contracts. Hamptons said the first-half mortgage value exceeded the sales value, and noted “the continued importance of bank financing to buyers and investors”.
The October bulletin is consistent with the mortgage side of those reports: subtracting the third-quarter months from the January to September mortgage total gives OMR 740.0 million (1,246.5 – 506.5) and 13,379 contracts (20,059 – 6,680) for January to June. It does not match on the sales side. The bulletin’s January to September sales figure less the three third-quarter months gives OMR 725.0 million for the first half, against the OMR 688.1 million reported for January to June, and total traded value gives OMR 1,471.2 million (2,331.5 – 860.3) against OMR 1,434 million. Cumulative and monthly releases are revised after first publication, and a series built from several releases should be checked against the latest bulletin.
Why Is Traded Value Flat While Sales Value Is Rising?
The answer is arithmetic, and it comes from the average size of each contract type. Dividing value by number of contracts for January to September gives these averages (calculated for this report):
| Measure | Jan–Sep 2026 | Jan–Sep 2025 | Change |
|---|---|---|---|
| Average value per sales contract | OMR 21,490 ($55,890) | OMR 18,507 ($48,130) | +16.1% |
| Average value per mortgage contract | OMR 62,142 ($161,620) | OMR 85,906 ($223,430) | -27.7% |
| Mortgage share of traded value | 53.5% | 60.1% | -6.6 points |
| Sales share of traded value | 46.2% | 39.5% | +6.7 points |
The average sales contract was 16.1% larger in value, with about the same number of contracts. The average mortgage contract was 27.7% smaller, with 22.1% more of them. Traded value therefore stayed flat because more value was recorded as outright sales, and less as lending, while the count of lending contracts rose. The bulletin does not split contracts by property type, by buyer type or by whether a mortgage refinances an existing property, so these averages cannot be traced to a single cause. A rise in the average sale could reflect higher prices, a larger share of land plots or higher-value properties, or all three; a fall in the average mortgage could reflect smaller loans, more small-ticket financing, or a changed mix of lenders and products.
What can be said is how the numbers sit beside the price index. The price index rose 22.7% over the same year; the sales value series rose 15.9% over nine months with a flat count. These are consistent with each other directionally, but they are not the same measurement and should not be used to derive one from the other. NCSI also publishes consumer price inflation: it was 3.2% in September 2026 compared with September 2025, which gives a general-prices yardstick against which the property figures can be read.
Savills reported mortgage activity down 0.3% in the first half of 2026 and described it as broadly stable, while the October bulletin shows value down 11.7% through September. A rough calculation locates the difference in the third quarter. The first-half value of OMR 740.2 million, down 0.3%, implies about OMR 742.4 million in the first half of 2025 (740.2 / 0.997). Subtracting that from the January to September 2025 total of OMR 1,411.6 million leaves about OMR 669.2 million for July to September 2025, against OMR 506.5 million in 2026, which is about 24% lower (506.5 / 669.2 – 1). Because the releases are revised, treat this as an indication of direction, not a published figure.
What Do Savills and Hamptons Say About Rents and Asking Prices?
Official statistics do not include a rent index for property types, so the rent figures in this report come from broker research and carry the limits of that source. The Savills Q1 2026 report, published on 29 April 2026, and the Q2 2026 report, published on 27 July 2026, give average monthly residential rents for named communities. Hamptons, in its first-half 2026 report, gave asking rents for unfurnished two-bedroom apartments with facilities.
| Area and unit | Savills Q1 2026 | Savills Q2 2026 | Hamptons H1 2026 (asking) |
|---|---|---|---|
| Al Mouj, 2-bedroom apartment (monthly) | OMR 710 (+3% in the quarter) | OMR 664 (described as the average for apartments) | about OMR 650 |
| Muscat Hills, 2-bedroom apartment | OMR 491 (+2%) | — | about OMR 450 (grouped with Qurum and Madinat Qaboos) |
| Qurum, 2-bedroom apartment | OMR 350 (stable) | apartment rents up 16% | about OMR 450 (grouped with Muscat Hills and Madinat Qaboos) |
| Al Khuwair, 2-bedroom apartment | OMR 385 (declined) | — | about OMR 250 (grouped with Al Ghubra) |
| Al Mouj, 4-bedroom villa | OMR 1,770 (+2%) | OMR 1,700 | — |
| Muscat Hills, 4-bedroom villa | OMR 1,200 (+25%) | — | — |
| Madinat Sultan Qaboos, 4-bedroom villa | OMR 908 (-1%) | rents up 22% | — |
The two brokers’ figures do not line up exactly, and the table is not a like-for-like series. The Al Mouj figure for Q1 is for a two-bedroom apartment, while the Q2 report as covered by the Oman Observer gives an average for apartments in Al Mouj; the Hamptons number is an asking rent, which is what landlords request, not the rent actually signed. Savills’s Q2 figures for Qurum and Madinat Sultan Qaboos are percentage changes without a stated base period in the coverage read. For rents by area in more detail, including lease rules, see our guide to rent prices in Oman.
Savills described the market in its Q2 note as one that “continues to demonstrate resilience” despite regional uncertainty. Muscat offices were stable at the Central Business District and Qurum, with Ghubrah and Azaiba up 4%. The Q1 report listed office rents of OMR 2.0 per square metre per month in the CBD, OMR 3.5 in Qurum, OMR 4.5 in Al Khuwair and OMR 6.0 in Shatti Al Qurum.
Hamptons also published average gross yields by asset class for its first-half report: 9.75% for mixed-use buildings with a large residential component, about 9.4% for warehouse and logistics, 8.75% for retail and prime homes in Integrated Tourism Complexes, and 8.5% for Grade A offices. These are the broker’s reported averages for the segments it tracks, based on asking prices and rents; they are not a measure of what any buyer will earn, and they do not allow for service charges, vacancy or, from 1 January 2028, the personal income tax that applies to rental income. Hamptons described its second-half outlook as positive but tied to asset quality. This report does not offer a forecast of its own.
How Do Our Listings Compare With the Official Data?
The official indices cover registered transactions across the country, while the listings on our site are developer price lists for specific projects. The two answer different questions, but the listing data can show how much prices differ between communities that sit in the same governorate. The table uses unit sizes and prices from our listing pages, retrieved on 6 November 2026. Prices per square metre are calculated here (price in OMR divided by area), with dollar prices converted at OMR 1 = $2.6008 where the page quotes dollars.
| Project and unit | Area (m²) | Price on listing page | Price in OMR | OMR per m² (calculated) | Handover or status per page |
|---|---|---|---|---|---|
| Muscat Bay, 1-bedroom | 79 | $234,100 | 90,011 | 1,139 | Complete |
| Muscat Bay, 2-bedroom | 115 | $382,000 | 146,878 | 1,277 | Complete |
| Muscat Bay, villa | 309 | $897,000 | 344,894 | 1,116 | Complete |
| The Sustainable City – Yiti, studio | 49 | $182,000 | 69,978 | 1,428 | December 2027 (The Plaza) |
| Yiti, 2-bedroom | 112 | $332,700 | 127,922 | 1,142 | December 2027 (The Plaza) |
| Yiti, 3-bedroom | 164 | $555,000 | 213,396 | 1,301 | December 2027 (The Plaza) |
| Yiti, villa | 255 | $620,900 | 238,734 | 936 | December 2027 (The Plaza) |
| Golf Hills, Muscat Hills, 1-bedroom | 60 | OMR 62,900 | 62,900 | 1,048 | Q4 2028 |
| Golf Hills, 3-bedroom | 155 | OMR 195,200 | 195,200 | 1,259 | Q4 2028 |
| Wadi Zaha, Sultan Haitham City, studio | 54 | OMR 60,366 | 60,366 | 1,118 | Q1 2028 |
| Wadi Zaha, 1-bedroom | 78 | OMR 72,670 | 72,670 | 932 | Q1 2028 |
| Wadi Zaha, 2-bedroom | 99 | OMR 91,433 | 91,433 | 924 | Q1 2028 |
| Wadi Zaha, 3-bedroom | 150 | OMR 146,993 | 146,993 | 980 | Q1 2028 |
Within the table, Muscat Bay’s completed apartments work out at OMR 1,139 to OMR 1,277 per square metre, Yiti’s off-plan apartments at OMR 1,142 to OMR 1,428, Golf Hills at OMR 1,048 to OMR 1,259 and Wadi Zaha at OMR 924 to OMR 1,118. All four are in Muscat Governorate, where NCSI’s residential land index is 170.2, so the governorate-level land index tells a reader little about how much a flat costs in one community compared with another. Across the four communities the calculated range runs from OMR 924 to OMR 1,428 per square metre, a spread that no governorate-level index captures. Villas work out lower per square metre than apartments in the two communities that list both: OMR 1,116 against OMR 1,139 to OMR 1,277 at Muscat Bay, and OMR 936 against OMR 1,142 to OMR 1,428 at Yiti.
Prices on a developer list are asking prices for units that may not yet exist, so they are not transactions and do not enter the NCSI index. Payment terms differ and affect the comparison: per our listing pages, Golf Hills requires 80% before handover in six instalments, Yiti 30% before handover, and Wadi Zaha 20% on booking with the rest paid monthly or quarterly during construction. Service charges also differ: Muscat Bay lists OMR 8.72 per square metre per year for apartments and OMR 6.01 for villas, Golf Hills OMR 6.5 and Wadi Zaha OMR 5 to 6. Our broader ranking of projects is in the guide to Oman property prices per square metre.
Other listings fall outside the table because their pages give no usable area or price pairing. Sarooj Oasis Apartments lists apartments from about OMR 31,600 with completion targeted for Q3 2028, and Dar Muscat Hills offers 207 apartments from 48.65 to 140.28 square metres with a beginning-December 2029 handover target and prices on request. Entry points and launch dates for new projects are in our article on new property launches in Oman in 2026, and the developers behind them are listed in the Oman developers directory.
What Changed in Oman Property Rules During 2026?
Four instruments shaped the rulebook between March and September 2026, and one tax is scheduled for 2028. The table lists them with the date each took effect and the source read for this report. The status is as of 6 November 2026.
| Date | Instrument | What it does (per source) | Source |
|---|---|---|---|
| March 2026 | Royal Decree 79/2025, Real Estate Regulation Law | Took effect 180 days after Gazette publication; sets licensing and escrow rules for developers | Our guide to the law |
| 13 May 2026 (issued); 18 May 2026 (in force) | Royal Decree 56/2026, Real Estate Registry Law | Replaces the registry statute of Royal Decree 2/98; the Minister of Housing and Urban Planning is to issue executive regulations | decree.om; Oman Observer |
| 2026 | Royal Oman Police Decision 87/2026, Owner Visa | Sponsor-free, tied to ownership, no minimum property value | Our residency guide |
| 17 Sep 2026 (issued); 21 Sep 2026 (effective) | OPAZ Decision 81/2026 | Executive regulations of the Special Economic Zones and Free Zones Law, including real estate development, off-plan sales and freehold ownership by non-Omanis | KPMG |
| 1 January 2028 | Personal income tax, Royal Decree 56/2025 | 5% above OMR 42,000 a year, rental income included | Our income tax guide |
Real Estate Registry Law (Royal Decree 56/2026)
The decree text on decree.om gives the issue date as 25 Dhu al-Qa’dah 1447, or 13 May 2026, publication in Official Gazette issue 1648 on 17 May 2026 and entry into force the day after publication. Article III repeals the registry statute under Royal Decree 2/98. Article II tells the Minister of Housing and Urban Planning to issue the executive regulation and says existing regulations remain in force until then, so far as they do not conflict with the law. Commentary by Pinsent Masons, published on 10 June 2026, describes the 40-article law: Article 10 requires transactions affecting real rights in property to be recorded, with an unrecorded transaction creating only a personal obligation between the parties; Article 1(8) creates a Preliminary Real Estate Register for off-plan projects; and Article 35 makes the title deed issued by the register the sole proof of ownership. The same commentary says the law permits electronic title deeds and, on request, English translations. Practical details depend on the executive regulation, which had not been described in the sources read at 6 November 2026. For the registration process itself, see our guide to property registration in Oman.
Developer regulation (Royal Decree 79/2025)
The Real Estate Regulation Law, issued on 10 September 2025, came into force in March 2026. It sets out licensing and escrow rules for developers and replaced earlier decrees on brokerage, apartment ownership and escrow. Our explainer on Royal Decree 79/2025 and off-plan buyers covers the escrow mechanics, and the article on the off-plan marketing threshold explains what a developer must hold before selling. Escrow does not by itself guarantee completion or a handover date.
Special economic zones and free zones (OPAZ Decision 81/2026)
KPMG reports that the Public Authority for Special Economic Zones and Free Zones issued Decision 81/2026 on 17 September 2026, that it was published in the Official Gazette on 20 September and took effect on 21 September, and that it promulgates the executive regulations of the law issued under Royal Decree 38/2025. According to KPMG, the regulations add detailed requirements for real estate development, off-plan sales and freehold ownership by non-Omanis. The same note lists a six-month window from the effective date to rectify status, which it dates to 21 March 2027, and an administrative fine of up to OMR 50,000 per violation. The KPMG note does not describe the escrow or marketing percentages.
Residency and tax rules that readers combine with market data
Two residency routes are often discussed alongside the market figures. The Golden Residency requires a single Integrated Tourism Complex property worth at least OMR 200,000, and the Royal Oman Police decides each application. The Owner Visa, under Royal Oman Police Decision 87/2026, has no minimum property value, is sponsor-free and is tied to ownership. A purchase does not by itself carry residency; both routes are explained in our guide to Golden Residency and the Owner Visa. The personal income tax starts on 1 January 2028 under Royal Decree 56/2025, at 5% above OMR 42,000, and includes rental income; our sibling article on Oman income tax for foreigners works through the arithmetic. Note that Royal Decree 56/2025 (income tax) and Royal Decree 56/2026 (registry law) are different instruments with similar numbers.
What Funding and Government Programmes Shaped the Sector in 2026?
Beyond rules, three developments in the months to November 2026 bear on supply and finance. Each is reported by the sources named, and none is a forecast.
The first is bank credit. The October bulletin gives total loans and financing by commercial banks and Islamic windows at OMR 38,806.1 million at the end of August 2026, up 13.8% from OMR 34,105.6 million a year earlier (calculated from the two columns), with the average interest rate on total credit at 5.323% against 5.492%. This is credit to all borrowers, not a housing line. The housing breakdown was not in the sources read for this report. Mortgage terms for non-residents, which depend on each bank and on Central Bank of Oman rules, are in our guide to mortgages in Oman for foreigners.
The second is institutional capital. On 2 July 2026 the Oman Observer reported that Tanmia, the Oman National Investments Development Company, and FIM Partners Muscat would launch and co-manage an Oman real estate development fund targeting at least $250 million of real estate development investments, using preferred equity and other instruments. The announcement did not disclose a first closing date, target projects or investor commitments. FIM Partners was described as having close to $5 billion in assets under management. Funds and trusts of this kind are covered in the sibling article on Oman real estate investment funds and REITs.
The third is the government housing and urban programme. The Ministry of Housing and Urban Planning and UN-Habitat held the Urbanism, Housing and Construction Exhibition and Conference at the Oman Convention and Exhibition Centre from 5 to 8 October 2026 under “Urban October”. The Oman Observer reported 20 agreements with a combined value above OMR 1 billion on the opening day. They included eight Surooh programme agreements for integrated residential neighbourhoods worth OMR 186.6 million for 2,443 housing units, a development agreement of OMR 45 million for Neighbourhood 5C in Al Thuraya City (220 units) and OMR 55 million for Neighbourhoods 5A and 5B (265 units). The minister said structural plans had been prepared for about 70% of Oman’s cities and that over 90% of Omanis own their homes. Our Nismat Zain listing page describes the Surooh programme as being for Omani citizens entitled to residential plots, so those agreements bear on national housing supply rather than on the foreign-buyer freehold market. A separate article covers the Oman real estate expo.
How Can You Compare the Different Oman Real Estate Market Series?
The most common error in reading the Oman real estate market is comparing figures that measure different things. The methodology box below lists each series used in this report, who publishes it, what it counts and what it cannot show.
| Series | Publisher | What it measures | Latest at 6 Nov 2026 | Limit |
|---|---|---|---|---|
| Real estate price index | NCSI, from Ministry of Housing and Urban Planning data | Weighted index of land and building prices, base 2018 = 100 | Q2 2026: 129.9 | Land carries 83.3 of 100 weight points; provisional; earlier quarters revised |
| Real estate activity (traded value) | Ministry of Housing and Urban Planning, via NCSI | Value and number of sales, mortgage and barter contracts; properties issued | Jan–Sep 2026 | Mortgage values overlap with purchases; no breakdown by property type |
| GDP, real estate activities | NCSI | Output of the sector at current prices | Jan–Jun 2026, provisional | Not a measure of property values or deals |
| Bank loans and financing | NCSI bulletin (Central Bank of Oman data) | All lending by commercial banks and Islamic windows | End-Aug 2026 | Not limited to housing |
| Transaction summary | Savills Oman | Property transaction value and contracts, plus its own rent survey | Q2 2026 (27 Jul 2026) | Based on ministry data for transactions; rents are average asking or achieved rents for named areas, with changing labels |
| Half-year review | Hamptons International | Contracts, asking rents, gross yields by asset class | H1 2026 (13 Sep 2026) | Asking figures; gross yields before costs |
| Project price lists | Developers, shown on our listing pages | Asking prices for specific units, often off-plan | 6 Nov 2026 | Not transactions; do not enter the index |
Four rules of thumb follow. Compare a series only with itself and from a single release. Use year-on-year changes when comparing quarters, because quarter-on-quarter moves are larger and more erratic: industrial land fell 14.0% from Q1 to Q2 2026. Treat a governorate with a weight below 2 as noisy. Treat any percentage derived from a broker’s report as the broker’s claim about its own sample.
These cautions also apply to the third-party forecasts that circulate on the web. This report does not use them. For a view of how the same data may bear on timing decisions, readers will find the question discussed in our article Is 2026 still a good time to buy property in Oman?, and the forward-looking material is in the Oman real estate market outlook. The sibling article on mistakes and red flags when buying property in Oman covers the contract and documentation side, and the guide on how to buy property in Oman sets out the process.
Frequently Asked Questions
What is the latest Oman real estate market report?
The latest official Oman real estate market data at 6 November 2026 is the NCSI monthly statistical bulletin of October 2026, published on 20 October 2026. It shows the real estate price index at 129.9 in Q2 2026 (+22.7% on Q2 2025) and traded value of OMR 2,331.5 million for January to September 2026 (-0.7%). Broker reports from Savills (27 July 2026) and Hamptons (13 September 2026) add rents and first-half figures.
How big is the Oman real estate market?
The Oman real estate market recorded OMR 3,367.8 million ($8.76 billion) of traded value in 2025 and OMR 2,331.5 million ($6.06 billion) from January to September 2026. Real estate activities contributed OMR 1,123.4 million to GDP at current prices in 2025. These are different yardsticks and should not be added together; the traded-value figure includes mortgage contracts.
What is the Oman real estate market overview for 2026?
The Oman real estate market in 2026 shows rising registered prices alongside flat total transaction value. The price index rose 15.9% year on year in Q1 and 22.7% in Q2, led by residential land (+28.0% in Q2). Traded value was 0.7% lower over January to September, with sales contract value up 15.9% and mortgage value down 11.7%. New rules include the Real Estate Registry Law, in force since 18 May 2026.
What is the Oman real estate price index?
The Oman real estate price index is a weighted index of land and building prices compiled from Ministry of Housing and Urban Planning data and published by NCSI, with 2018 as the base year equal to 100. Its Q2 2026 value is 129.9. Land carries 83.3 of the 100 weight points, so the headline moves mainly with land prices.
Did Oman real estate prices surge in 2025?
Oman real estate prices rose by double digits through 2025 on the official index: +10.8% in Q2, +17.3% in Q3 and +13.9% in Q4 against the same quarters of 2024. The index level went from 105.2 in Q1 2025 to 112.4 in Q4 2025. Muscat residential land rose between 38% and 48% a year over those quarters, while apartments rose only 0.6% in Q4 2025.
What did the Oman Q3 2025 real estate data show?
The Oman Q3 2025 real estate data showed the price index up 17.3% on Q3 2024. Arab News, citing NCSI on 28 December 2025, reported residential prices up 18.7%, residential land up 19.6%, apartments up 22.4% and villas up 16.5%, with commercial prices up 14.6% and Muscat residential land up 48.3%. Shops fell 8.5%.
How many real estate transactions does Oman record?
Oman recorded 50,069 sales contracts and 20,059 mortgage contracts from January to September 2026, against 50,175 and 16,432 a year earlier. For all of 2025 the figures were 67,074 sales contracts and 22,677 mortgage contracts. Properties issued numbered 148,319 in January to September 2026, 15.5% fewer than a year earlier.
What is the latest Oman real estate news?
The latest Oman real estate news is the NCSI Q2 2026 price index (22.7% annual rise), the October 2026 bulletin’s January to September trading data, OPAZ Decision 81/2026 on zone regulations (effective 21 September 2026), and the Urban October agreements of 5 to 8 October 2026 worth over OMR 1 billion. The Q3 2026 price index had not been published by 6 November 2026.
Where can I find official Oman real estate statistics?
Official Oman real estate statistics are published by the National Centre for Statistics and Information at ncsi.gov.om, using data from the Ministry of Housing and Urban Planning. The monthly statistical bulletin carries the price index and the real estate activity table, and the portal lists the consumer price release. Decrees are on decree.om.
Last checked: 6 November 2026. Sources: NCSI Monthly Statistical Bulletin, October 2026; NCSI portal; NCSI consumer price inflation, September 2026; Times of Oman, Q2 2026 index; Oman Observer, 22 September 2026; Oman Observer on Hamptons H1 2026; Oman Observer on Savills Q2 2026; Savills Q2 2026; Savills Q1 2026; Arab News, Q3 2025 index; Zawya, Q4 2025 index; Oman Observer, Q2 2025 index; decree.om, Royal Decree 56/2026; Oman Observer, Registry Law decree; Pinsent Masons on the Registry Law; KPMG on OPAZ Decision 81/2026; Oman Observer, Urban October; Oman Observer, Tanmia and FIM Partners fund.



























