MoHUP begins training 100 real estate brokers

Muscat – As part of its efforts to develop and improve the efficiency of the Omani real estate market, the Ministry of Housing and Urban Planning (MoHUP) on Sunday launched a training program for 100 real estate agents.

A statement released by the MoHUP, said: “The program aims to develop skills, improve knowledge of real estate laws and legislation, and facilitate opportunities in the sector.”

The program also aims to encourage workers in the field of real estate brokerage to obtain a legal license and to encourage national forces on the professional skills of real estate brokerage.

The ministry informed that the two-week program will train 100 people, some of whom are currently engaged in the real estate sector.

According to the National Center for Statistics and Information (NCSI), the total value of real estate transactions in the sultanate in 2021 until the end of August was RO1,744,100,000, an increase of 14.2% compared to at the same time in 2020.

The government of Oman collected RO50.3 million in real estate transaction fees in 2021 during the period January-August, an increase of 21% compared to the same period in 2020.

The negotiated value of sales contracts increased by 51.1% to RO770,700,000, and the number of sales contracts increased by 74.4% to 56,611 in 2021, compared to 32,460 contracts during the year. same period in 2020.

At the same time, the MoHUP on Sunday launched the trial run of its real estate platform ‘Tatwir’. The platform provides all digital services related to the Sultanate’s real estate sector.

Kristan F. Talley