New payment plan announced for Mazaya Residence owners

Muscat: Responding to increasing demand, Al Mazaya Holding has announced the launch of residential units for rent in Mazaya Residence, the company’s flagship development in Muscat.

Strategically located in Al-Seeb Province in the heart of the Omani capital, the landmark development targets Omani nationals in the first place as well as other GCC citizens. It stands out as an attractive opportunity for different segments of the society looking for a high-return on investment or ownership.

Al Mazaya Holding has also announced a promotional campaign, offering discounted prices and attractive easy instalment plans for its pioneering project, starting from 5-18 September at Muscat City Centre. The campaign features a vehicle gifted to each buyer of any of the project’s apartments with prices starting from OMR 44,400.

The promotion also features an affordable instalment plan suitable for all segments of Omani society. Interested buyers can pay up to 40 percent of the total unit price on booking, and the remaining 60 percent can be divided in easy interest-free instalments until the end of 2020.

Rental rates start from as low as OMR 250 per month for one bedroom apartments, OMR 350 for two-bedroom flats; and OMR 400 for three-bedroom units, in addition to a month of free rent. Al Mazaya earlier announced the completion of the project’s phase I, and started handing over the units to its new owners. The project features apartments of multiple sizes that boast latest design standards and criteria in terms of optimum utilization of spaces to meet the needs of all segments of Omani and Gulf nationals wishing to invest in the project.

The development’s Phase 1 sprawls over a total space of 6,614 square meters and includes 120 apartments of several spaces in addition to 29 shops. A modern lifestyle project that is suitable for all segments of the Omani society, Mazaya Residence features diverse amenities and services, including a swimming pools for adults and children, a fully equipped health club for both genders, kids’ play area, tennis courts, round-the-clock CCTV, satellite and internet services and parking.

Commenting on the promotion campaign, Jassim Al Hadrami, Mazaya Holding’s representative in Oman, said, “We hope a large number of Omanis and other GCC citizens would take advantage of our campaign. This is an ideal project that would provide value for money to the end-users as well as investors.”

“The mixed-use project is an important real estate development that meets the divergent needs of all segments of society. It offers valuable opportunities to home seekers of decent housing units in a vibrant market with strong tourist and economic potential. The project’s promising and divergent investment prospects augur well for the future of the Sultanate whose diverse potential set the country apart from other markets in the region,” he added.

He added that 65 percent of the project’s Phase I has been sold, i.e. 100 units out of a total of 149 multiple-space apartments that have been all handed over to their new owners. Al Hadrami called for visiting the informative kiosk set up at the Muscat City Centre to brief visitors on the project’s technical details as well as the sales office established by Al Mazaya Holding on the project’s site. It incorporates a beautiful apartment model for visitors and potential buyers to get a first-hand experience of the project’s specs, outline templates, finishing material samples and scope of work to make it easier for them to recognize the top standards followed across the project.

Al Mazaya Holding, which has established landmark projects across all GCC states and Middle East countries, follows best practices in terms of construction, execution and optimization of spaces. The company provides Mazaya Residence in Muscat as a living model to be emulated for the quality and professionalism standards followed in all the projects provided on the various markets the company is operating in.

The project addresses the multiple needs of the Omani real estate market which enjoys socio-economic security and stability, an advantage which doubles chances of success in a way that promises more investment opportunities in various sectors in the future and sets the country apart from other markets in the region.

Its proximity to the new Seeb Airport, which is expected to employ up to 30,000 people, adds to the myriad advantages boasted by the project in the heart of the Omani capital.