GCC nationals investing in Salalah and Sohar: report

Those living in northern Batinah may look forward to gaining extra GCC neighbours, according to a report.

Data released by the Ministry of Housing (MoH) in June shows that GCC nationals have been investing in Salalah and Sohar. 

"Most of the GCC owners came from Kuwait," Dr. Ali Azzan al Hasshami, deputy secretary general of real estate at the MoH, said in a statement. "All in all, GCC owners acquired 68 deeds to land. Fifteen of these were in northern Batinah, making the highest number."

Dr. al Hasshami added, "The value of sold deeds reached more than OMR67 million spread among 3,040 transactions. Government proceeds from these sales reached OMR2.5 million. Of the mentioned transactions, 622 were in Muscat."

During June, 11,577 deeds were issued, 3,010 of which were to newly registered land.

The MoH also said, "One hundred and fifty deeds were approved to be granted to female locals of Samail, Dakhiliya."

Aggregate mortgage values reached OMR122.5 million. The report noted, "Muscat alone contributed 1,202 mortgage actions, compared to the rest of the Sultunate's 346."