Alizz Islamic Bank offers flexible financing options for residential units at La Vie project in Muscat Hills

Roundup Sunday 07/May/2023 13:10 PM
By: Times News Service
Alizz Islamic Bank offers flexible financing options for residential units at La Vie project in Muscat Hills

Muscat: Alizz Islamic Bank, Oman Arab Bank, and Oman Real Estate Investments and Services Company (ORIS) have signed a joint agreement to offer financing facilities for customers interested in purchasing residential units at the LA VIE project, which is currently being developed in Muscat Hills. This partnership enables potential homeowners to access flexible financing options and enjoy reduced profit rates when purchasing property in LA VIE’s luxurious complex.

The agreement was signed by Mr. Ali Saif Al Mani, General Manager of Alizz Islamic Bank, Mr. Sulaiman Hamad Al Harthi, Chief Executive Officer of Oman Arab Bank, and Engineer Nasser Rashid Al Shibli, Chief Real Estate Officer at ominvest group.

Covering an area of approximately 640,000 square metres, the LA VIE project will feature the re-opening of one of the region's largest natural golf courses spanning 600,000 square meters, complete with 18 holes and a private club for golf enthusiasts. The course and clubhouse will be managed by the renowned golf management company - 'Troon', which operates over 750 golf clubs across 30 countries worldwide.

With a built-up area of 64,000 square meters, the LA VIE project will comprise of residential, commercial, and tourism buildings. The centrepiece of the development is an 80-room boutique hotel managed by global hospitality giant – TIVOLI, a part of Minor Hotels Group brand, which is making its debut in the local market. The hotel boasts a rooftop swimming pool that is 70 meters long, providing stunning views of the golf course and will also feature a private health club and spa operated by the world-leading brand 'Anantara'. Additionally, TIVOLI will manage 100 fully serviced apartments.

The residential complex of the LA VIE project will consist of 8 independent luxury villas and 22 apartments, all offering unique views of the Gulf of Oman and Al Hajar Mountains. The development will also feature approximately 2,800 square meters of retail space, including restaurants and cafes, that will host a wide variety of international brands, some of which will be entering the Omani market for the first time. Additionally, there will be ample parking for both residents and visitors. For those interested in purchasing and viewing the residential units, Oman Real Estate Investments and Services Company (ORIS) has designated a sales team to address all inquiries related to the project. Individuals can visit the website for more information or call at +968 22186600 to book an appointment.