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 land plots granted in Oman last year reduced by 14% over 2016 [representational image].
The number of land plots granted in Oman last year reduced by 14% over 2016 [representational image].

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). 

READ: Oman YoY property transactions dip 78% in April

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.

 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020