Oman’s real estate market experienced notable growth in the first quarter of 2026, with the Real Estate Price Index increasing by 15.9 percent compared to the same period last year. This rise was primarily driven by significant gains in residential and commercial land prices, according to data released by the National Centre for Statistics and Information (NCSI).

The residential property sector led the growth, with the index climbing 17.6 percent year-on-year. Residential land prices surged by 21 percent, contributing substantially to the overall increase. Villa prices also rose by 9 percent, while apartment prices saw a more moderate rise of 4.4 percent. However, other categories within the residential housing segment experienced a slight decline of 1.1 percent in prices during the quarter.

The commercial property segment also reported strong performance, with its price index increasing by 10.5 percent. Industrial land prices exhibited the most significant growth within this category, rising 16.5 percent. Commercial land values followed with an 11 percent increase. Conversely, retail shop prices decreased by 1.8 percent over the same period, reflecting some variability within the commercial property market.

These figures highlight a robust upward trend in Oman’s real estate sector, buoyed by rising demand for land and housing amid broader economic factors influencing property values.