Muscat: Asawer Real Estate Company and Muscat Hills Joint Development recently celebrated the start of construction of ‘Muscat Pavilion’ for smart offices located in Muscat Hills, under the patronage of His Excellency Al Sayed Saud Bin Hilal Al Busaidi, Minister of State and Governor of Muscat.
Eng. Siham bint Ahmad Al-Harthy, co-founder of Asawer Real Estate said: “This project represents the values added to the efforts to develop the real estate sector and enable it to attract investments, especially since foreigners are allowed to freehold in it, in addition to entertaining specifications.”
She added, “Whether in terms of its strategic location or the features it contains, as well as high-quality finishing, such projects contribute to attracting foreign investments into the Sultanate. It is in line with Oman’s 2040 vision which seeks to create a stimulating environment for various economic sectors, leading to reviving the market and creating jobs for the citizens.”
She confirmed that the project comes to meet the requirements of the Omani market and its need for offices with high-quality specifications, characterized by privacy and tranquillity in a strategic location, and contributes to the growth and development of businesses.
Asawer Real Estate Company will market the project and sell the offices and shops it contains according to a well-studied marketing plan that includes individuals and companies inside and outside the Sultanate, where distinguished facilities will be provided to those wishing to own office units, including soft payments during the construction stages, without interest, and financing facilities from one of the local banks in the Sultanate. Those wishing to pay the price of the office unit in one go will receive a discount of 5%.
Dawoud Al Hinai, CEO of Al-Mukhatit Real Estate Company, stated that the project is characterized by modern features, and a luxurious architectural design that goes in line with its strategic location, taking into account the smallest details through the office design inspired by the Omani heritage, and international specifications in decorations and accurate investment of spaces, in a way that meets the needs of a business owner, in addition to providing public facilities in the building, which would facilitate the movement and speed of employees to their distinguished work environment, which contains modern technologies and advanced equipment, noting that the building consists of 9 floors along with 3 floors for smart parking underground, which can accommodate up to 550 cars. Smart office prices start from RO 39,000, and shops start from RO 21,000, and it is hoped that the project will be complete within 24 months.
Engineer Siham Al-Harthy further said: “Ownership in the Muscat Pavilion project is considered an exceptional and unique investment for the investor; This is due to the smart specifications of these offices, which are the first of their kind in the Sultanate, and the provision of free ownership for foreigners with permanent residence, in addition to the guaranteed material return that exceeds 8% and the ease of ownership and resale, and achieving financial return from it, referring to the project located in ‘Muscat Hills’ which is a part of an area undergoing a radical transformation and unprecedented prosperity in the Sultanate, and it has many advantages that attract those wishing to live or invest, among which is that it is a freehold area for all nationalities, where the owner gets a lifelong residence. It also contains a golf course, one of the largest in the capital, Muscat, surrounded by many residential projects and luxury villas overlooking vast green spaces. It is also surrounded by a Boulevard area that contains a series of international restaurants and high-end shops and is close to Al-Irfan, where Oman Convention and Exhibition Center is located, and from Muscat International Airport, and other various service and entertainment venues in Muscat.”
