Muscat: Asawer Real Estate and Muscat Hills Joint Development celebrated the start of construction of Muscat Pavilion for smart offices located in Muscat Hills.
The event was held under the patronage of Sayyid Saud bin Hilal Al Busaidi, Minister of State and Governor of Muscat in the presence of a number of their excellencies, media professionals and journalists.
The Muscat Pavilion 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, Engineer Siham bint Ahmad Al Harthy, co-founder of Asawer Real Estate said.
“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,” Al Harthy said.
Al Harthy confirmed that the project meets the requirements of the Omani market for offices with high-quality specifications, characterised by privacy and tranquility in a strategic location, and contributes to the growth and development of businesses.
Asawer Real Estate will market the project and sell the smart offices and stores according to a well-studied marketing plan that includes individuals and companies both inside and outside the Sultanate.
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 per cent.
The project is characterised by modern features, and has 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, Dawoud Al Hinai, CEO of Al Mukhatit Real Estate Company, said.
“The project has international specifications in decorations in a way that meets the needs of a business owner. In addition it also provides public facilities in the building, which would facilitate the movement of employees to their work environment and also contains modern technologies and advanced equipment.”
He further said 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 at the Muscat Pavilion project starts from OMR39,000, and shops start from OMR21,000. The project is expected to be complete within 24 months.
“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 its kind in the Sultanate,” Engineer Siham Al-Harhty further said.
The project offers investors the provision of free ownership for foreigners with permanent residence, in addition to the guaranteed financial return that exceeds 8 per cent.
The project, located in Muscat Hills, is a part of a location that is undergoing radical transformation and unprecedented prosperity in the Sultanate.
It is a freehold area for all nationalities where the owner gets a lifelong residency and the investors can also avail of many advantages. 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 Centre (OCEC) is located, and is also close to the Muscat International Airport and other various service and entertainment venues in Muscat.