Muscat: AlarganTowell Investment Company, one of the leading real estate development firms in the Sultanate, has launched the second phase of an integrated residential community project called Al Waha project in Barka.
Located at the heart of Barka, the project boasts a total area of nearly 690,000 square metres and is just 25 minutes from Muscat.
The company also announced an offer for residential villas and land plots at the Al Waha project. The offer provides an opportunity for buyers to own a residential land plot in the project with attractive prices starting from OMR14,500. Additionally, AlarganTowell will provide plot owners with free villa designs for those wishing to build a home on their plot.
Having successfully completed its first phase, the Al Waha project is differentiated by the quality and variety of residential buildings it provides to its customers, including villas and apartments of various sizes. It is also located just off the main road and close to shopping centres, offering immense levels of convenience to those residing within the project.
Moreover, to give the surroundings a unique trait, the integrated project features landscaped gardens, and commercial space, in addition to schools, mosques and other amenities, making the project more akin to a full-fledged township.
“Coinciding with the release of the second phase, this new offer allows potential buyers a choice of land plots of various sizes, all at an affordable price. Not only that, but we will provide buyers with a free villa design if they wish,” said Eng. Hisham Moussa, chief executive officer of AlarganTowell.
“In addition, we are also providing customers with an opportunity to own a new villa at competitive prices starting from just OMR53,800. Should they wish to do so, they can also purchase a villa together with an additional plot of their choosing, within the same project, at discounted prices starting from just OMR64,900. Through this offer, we wanted to provide our clients with the best possible flexibility when choosing their new or future homes. This offer also presents the Al Waha Project as the perfect avenue for investments; capitalising on the strength and growth of the real estate sector in Oman.”
“The first phase of the project consists of 112 residential units, with 3, 4, and 5 bedroom villas, and other facilities. 83 per cent of these units have already been sold, and with the launch of this attractive offer, we can expect to see an increased level of interest in the remaining properties; especially with the option available to purchase a villa and an additional plot at the same project at the same time, which in itself is an unprecedented opportunity,” added Katia Muhiedin.
“The villa may be used for residence or as an investment; and the same goes for the plot, which can also be purchased as a future investment, either to sell or to build a villa upon. This also presents prospective owners with an opportunity to own more than one villa in Al Waha, without the need to pay for two villas all at the same time,” noted Muhiedin.
The company offers homes with unique designs and high quality materials in the building and finishing works. In addition to after sale services, the company also takes care of all details relating to the sustainability of the residential units by providing services which are either free or carry small fees.
“In order to facilitate the purchase process for property or land at the Al Waha project, we have partnered with commercial banks to provide our customers with easy financing solutions. At this point in time we have signed agreements with Ahli Bank, Bank Muscat, Oman Arab Bank, and BankDhofar. We are currently in communication with other banks which as well, the names of which we will announce soon,” said Eng. Mousa.
The activities of the company focus on the creation of quality yet affordable housing opportunities for Omanis in the middle-income bracket.
Integrated tourism project in Barka
AlarganTowell Investment Company is planning to build the first integrated tourism complex –AlNakheel mega development project - in the wilayat of Barka. The company is currently in the preparation stages for developing the project.
AlarganTowell Investment Company was founded in 2003 in Oman after the strategic alliance between Alargan International Real Estate Company and WJ Towell.