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Oman: Residential plot allotment up 13.5%

According to the new report, the number of allotted residential plots in Oman registered a consecutive decline

Muscat recorded a 11.9% increase taking the number of allotted plots to 1,004.
Muscat recorded a 11.9% increase taking the number of allotted plots to 1,004.

The number of residential lands allotted by the Ministry of Housing increased 13.5 % during the first five months of 2016, to 29,865 plots compared with 26,310 plots issued during the same period in 2015.

According to the latest report by the National Centre for Statistics and Information (NCSI), over the last three months, the number of allotted residential plots registered a consecutive decline with the numbers from 3,047 in March to 2,947 in April and then to 4,326 plots in May.

Significantly, the governorate of Musandam recorded the highest increase in land allotments with 227 plots, marking a 233.8% rise in the period from previous year’s 68 plots.

The governorate of North A'Sharqiyah came second with 2,624 allotted residential lands, logging a 190.9% increase over the comparable periods.

But the governorate of Al-wusta ranked the first, for allotting the largest number of plots during the January-May period with 13.215 plots, comprising an increase by 10.5% compared with 11.961 plots in 2015.

 

The governorate of A'Dhakhliyah allotted the second largest number of residential plots at 2,983, while the governorate of North Al-Batinah logged a 2.9% fall in allotments, with 2,815 plots, reported ONA.

The governorate of South A'Sharqiyah recorded a 57.6.9% rise in the number of allotted lands at 2,399, while the governorate of Al-Buraimi posted a 45.8% decline with 2,213 lands granted.

The number of lands issued in the governorate of South Al-Batinah rose by 28.4% to 1,523, while Muscat recorded a 11.9% increase taking the number of allotted plots to 1,004.

In the governorate of Dhofar, the rise was 78.9% with the corresponding number of lands issued standing at 126 .

 

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Construction Week - Issue 746
Jul 20, 2019