Oman’s property market expands 29.5% as foreign investment grows.

man’s real estate sector surged 29.5 percent in 2024, with total transactions reaching 3.3 billion Omani rials ($8.57 billion), driven by foreign investment and government-led reforms. 

The real estate sector’s contribution to the country’s gross domestic product hit 820.7 million rials in the first nine months of the year, according to data from the Ministry of Housing and Urban Planning.

In Saudi Arabia, the property sector maintained its upward trajectory in the fourth quarter of 2024, with the real estate price index rising 3.6 percent year on year. 

The UAE is also witnessing robust expansion, with Dubai’s residential sales surging 30 percent year on year to $32.4 billion in the fourth quarter. 

Qatar recorded 3,548 real estate transactions in 2024, totaling $3.97 billion. 

Source: ARABNEWS