Real estate price index in Oman grows by 15.9%

The real estate price index in Oman saw a significant increase of 15.9 percent in the first quarter of 2026 when compared to the same period in the previous year. Data released by the National Centre for Statistics and Information (NCSI) highlights a robust performance across various property sectors.

Commercial real estate prices experienced a growth of 10.5 percent. This rise was primarily fueled by a substantial increase in industrial land prices, which climbed by 16.5 percent, and commercial land prices, up by 11 percent. However, the retail sector saw a slight downturn, with prices for retail shops declining by 1.8 percent.

The residential property market also demonstrated strong growth, with its price index achieving a 17.6 percent increase in the first quarter of 2026 compared to Q1 2025. This surge was largely attributed to a significant rise in residential land prices, which jumped by 21 percent. Apartment prices saw a moderate increase of 4.4 percent, and villa prices grew by 9 percent, although prices for other types of houses decreased by 1.1 percent.

At the governorate level, Muscat Governorate led the surge in residential land prices, recording an impressive growth of 43.6 percent year-on-year. Al Buraimi Governorate followed with a 25.9 percent increase, while Musandam and Dhofar Governorates saw gains of 17.6 percent and 10.8 percent, respectively. Several other governorates also reported price increases, though North Al Sharqiyah Governorate experienced a notable decrease of 14.9 percent in residential land prices.