MoHUP to train 100 real estate brokers

Muscat – The Ministry of Housing and Urban Planning (MoHUP), in cooperation with Al Moheet, a training institute in Muscat, will soon launch a training program for real estate agents.

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

According to the official, the ministry will select 25 of the trainees for employment. “The initiative aims to develop skills, improve knowledge of real estate laws and legislation and facilitate opportunities in the sector.”

Registration for the program began on February 22 and will continue until March 3. For more information, those interested can call 24693529.

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.

Kristan F. Talley