Musca,(ONA) - Dr. Ali bin Azzan Al-Hashami, Acting Secretary of Real Estate Registry at the Ministry of Housing and Urban Planning, confirmed that the value of contracts traded during last August amounted to more than OMR 316,195,000, while the fees collected amounted to more OMR 5,632,000.
He pointed out that the total real estate activity amounted to 26,470 legal actions during the same period, including sales, endowment, inheritance, swap, mortgage, mortgage redemption, division and usufruct actions, in addition to visas.
He said that the total value of sales contracts amounted to more than OMR 67,084,000 through 5582 sale transactions at the level of the governorates of the Sultanate, while the fees collected for the sale amounted to more than OMR 3,140,000. The Governorate of North Al-Batinah recorded the highest percentage of sales transactions compared to the rest of the governorates of the Sultanate during the past month with 1067 sales transactions, followed by the Governorate of South Al-Batinah with 1007 sales transactions, then the Governorate of Al-Dakhiliyah with 937 sales transactions, then the Governorate of Muscat with 736 sales transactions, then the Governorate of South Sharqiyah with 435 sale transactions, then North Sharqiya governorate with 362 sales transactions, then Al Dhahirah Governorate with 324 sale transactions, then Dhofar Governorate with 310 sale transactions, then Al Wusta Governorate with 210 sales transactions, then Al Buraimi Governorate with 171 sales transactions, and finally Musandam Governorate with 23 sales transactions.
Acting Secretary of Real Estate Registry added that the total value of the mortgage contracts amounted to more than 245 million and 408 thousand Omani riyals through 1284 mortgage transactions at the level of the governorates of the Sultanate, while the fees collected for the mortgage amounted to more than one million and 91 thousand Omani rials. The highest percentage of mortgage transactions was in the Governorate of Muscat compared to the rest of the governorates of the Sultanate, as it amounted to 340 mortgage transactions, followed by the North Al-Batinah Governorate with 255 mortgage transactions, then the Governorate of South Al-Batinah with 228 mortgage transactions, then the Governorate of Dakhiliyah with 183 mortgage transactions, followed by the South Sharqiyah Governorate with 66 mortgage transactions, then Al Dhahirah Governorate with 64 mortgage transactions, then North Sharqiyah with 55 mortgage transactions, then Dhofar Governorate with 54 mortgage transactions, then Buraimi Governorate with 19 mortgage transactions in addition to 13 mortgage transactions in Musandam Governorate and Al Wusta Governorate 7 mortgage transactions.
He explained that the value of the swap contracts amounted to more than OMR 3,702,000, while the fees collected for them amounted to OMR 74,047 through the conclusion of 184 swap contracts. The share of Al Dakhiliyah Governorate was 46 swap contract, which is the highest in the governorates. The endowment contracts concluded at the governorate level amounted to 1,379 contracts, the highest percentage for Al Dakhiliyah Governorate by 263) donation contracts. As for inheritance contracts, it reached 463 inheritance contracts and the share of North Al Batinah Governorate was the highest in the number of contracts concluded, which reached 149 contracts, and mortgage redemption contracts at the governorate level reached 672 contracts. The highest share was for the Governorate of Muscat with 308 mortgage redemption contracts. The number of division contracts at the level of the Sultanate's governorates was 407 and the highest percentage was for North Al Batinah Governorate with 162 division contracts. The usufruct contracts concluded at the provincial level reached 242 contracts, Al Dakhiliyah Governorate’s share was the highest with 46 usufruct contracts. Finally, the visas contracts amounted to 98 contracts, of which the share of Muscat Governorate was 27, which is the highest among the governorates.
Dr. Ali bin Azzan Al-Hashami, Acting Secretary of Real Estate Registry at the Ministry of Housing and Urban Planning, indicated that during last August 6159 ownership deeds were issued, including the properties issued to nationals of the Gulf Cooperation Council countries.
He mentioned that the total number of properties issued to nationals of the Gulf Cooperation Council countries in places where non-Omani ownership is not prohibited according to the controls of real estate ownership in the Sultanate amounted to 8 ownership deeds. The citizens of the United Arab Emirates and the Kingdom of Bahrain came first among the number of owners with 3 deeds each, followed by the citizens of the State of Kuwait and the State of Qatar, with one ownership deed each.
He mentioned that the number of new plots registered for the first time during last August reached 2073 land plots, including 1603 land plots for residential use, 51 land plots for commercial and residential use, 26 land plots for commercial use, 30 land plots for industrial use, 351 land plots for agricultural use, and 12 land plots for government use.
(ONA)