Muscat: Oman’s residential real estate sector witnessed notable growth in the first quarter of 2025, with the overall residential property index increasing by 7.3% compared to the same period last year. The surge was driven primarily by apartment prices, which soared by 17%, followed by land prices rising 6.5%, villa prices by 6.4%, and other housing types by 2.2%.
On a quarter-on-quarter basis, the index rose by 5.5% compared to Q4 2024. Residential land and villa prices each grew by 5.5% and 4.5% respectively, while apartments increased by 4.3%, and other types of homes recorded a sharp 13.4% rise.
Governorate-wise Performance
Muscat led all governorates with the highest annual increase in residential land prices, posting a substantial 17.4% rise in Q1 2025 compared to Q1 2024. Other notable increases were reported in:
- Musandam: +12.8%
- North Al Batinah: +7.3%
- South Al Batinah: +6.1%
- Dhofar: +6%
- South Al Sharqiyah: +3.4%
Declines in Other Regions
Despite the national uptick, several governorates saw notable declines in residential land values:
- Al Buraimi: −35.1%
- Al Dhahirah: −25.3%
- Al Wusta: −20.4%
- Al Dakhiliyah: −3.7%
- North Al Sharqiyah: −0.8%
These figures reflect varied market conditions across Oman’s regions, indicating robust growth in urban and coastal areas while some interior and less developed regions faced continued downward pressure on prices.
