Muscat, Abdullah bin Salim al-Mukhaini, Secretary

of the Real Estate Registry at the Ministry of Housing said that the

value of traded contracts during December 2018 stood at RO

235,308,000, while the collected fees amounted to RO 7,644,000. He

added that the real estate activity involved 34,698 transactions that

included sale, grant, inheritance, exchange, mortgage and mortgage

redemption, usufruct and division transactions.

Al-Mukhaini further said that the total value of sale contracts stood at

RO 126,549,000 through 4944 sale transactions at the level of the

Sultanate’s governorates while the fees collected hit RO 4,497,000.

He pointed out that the Governorate of North Al Batinah recorded

the highest number of sale contracts compared to other governorates

during December 2018 to 974 sale contracts, followed by the

Governorate of South Al Batinah with 896, the Governorate of Muscat

with 872, A’Dakhiliyah with 611, South A’Sharqiyah with 434, North

A’Sharqiyah with 389, A’Dhahirah with 317, Dhofar with 203 and Al

Buraimi with 128, Al Wusta with 94 and Musandam with 26 sale

contracts.

Al-Mukhaini added that 24,498 title deeds were issued during

December 2018 including those issued for the GCC citizens.

The Secretary of the Real Estate Registry at the Ministry of

Housing added that the total value of exchange contracts reached over

RO 1,343,000 while the fees collected from such contract transactions

stood at more than RO 26,000, through 146 relevant contracts.

He further said that the total value of mortgage contracts stood at

more than RO 107,415,000 through concluding contracts at the level of

governorates in the Sultanate. He pointed out that the fees collected

from mortgage contracts hit RO 776,000. Of this, 81 plots were issued

to the GCC citizens.

Source: Oman News Agency