Oman’s Al Buraimi sees 25% growth in real estate activity

Muscat: This marks a 25% increase compared to the second quarter’s RO 8 million transactions.

Of the Q3 total, RO 4.9 million was attributed to real estate mortgages, while sales contracts accounted for RO 5.5 million. Al Buraimi dominated the activity, comprising 87% of the total mortgages and 91% of sales contracts. Foreign and Gulf investments also saw notable increases, with foreign transactions up by 2.5% and Gulf transactions by 5.2%, underlining the governorate’s growing appeal to regional and international investors.

Ahmed bin Abdullah Al Bartamani, Director General of the General Directorate of Housing and Urban Planning in Al Buraimi, highlighted the efforts behind this surge. “The Directorate held more than 70 meetings in cooperation with government and private agencies and civil society to enhance integration between different sectors and accelerate the pace of implementation of housing and planning projects, in addition to developing new plans in line with sustainable urban expansion and meeting the needs of the population in the governorate,” he said.
The Ministry of Housing and Urban Planning provided 86 housing units at a cost of RO 2.5 million, ensuring family and social stability for eligible citizens. Additionally, 118 usufruct contracts were signed this year, generating fees exceeding RO 78,000. These included 99 contracts for agriculture, 17 for commercial purposes, and others in the industrial and residential sectors.

Digital transformation also featured prominently, with over 470 beneficiaries accessing streamlined online services.