Oman granted land plots down by 14% in 2016
Even as the number of planned land plots in Oman increased by 29% over 2015, granted land plots reduced by 6,026 in 2016, official data showed
The number of planned land plots in Oman reached 63,640 by the end of 2016, an increase of 29% over 2015, when the number of planned land plots was 49,520.
However, National Centre for Statistics and Information's (NSCI) data also showed that the number of granted land plots was 36,811, down by 14% from 2015 (42,837).
55,140 plots were registered for the first time in 2016.
Oman's A'Dakhiliyah governorate received the largest share (12,296) of the planned land plots in 2016.
Muscat recorded 6,004 land plots during the year.
GCC citizens owned 107,000 Omani properties in 2016, with Kuwaiti citizens ranked first with 481 properties (43%).
Nationals of the UAE, Saudi Arabia, and Bahrain respectively owned 425 properties (38%), 62 (6%), and 84 (8%).
Meanwhile, Oman Housing Bank provided 642,000 housing loans in 2016, worth (OMR70.1m), state agency ONA reported.