Muscat: Celebrating the imminent handover of the residences from the first phase, Muscat Bay is offering an exclusive 3-year payment plan offer on a limited number of its freehold residences.
The new offer will see prospective owners moving into their new dream homes soon, without having to worry about completing all payments until 2020.
The special Muscat Bay payment plan, titled ‘Your Space to Breathe’, offers prospective owners the option of paying for the property in five easy steps; starting with 5% at the time of reservation, followed by 15% within a month thereafter at the SPA (Sales and Purchase Agreement) signing stage. The next payment of 30% will become due at handover or at March 1, 2018, whichever is earlier; followed by the balance payments of 25% each in March 2019, and March 2020, respectively. The offer is valid on selected properties until the end of October and will be treated on a first-come, first-served basis. All properties under the promotion are near completion and will be handed over to their new owners within the next two to six months.
Commenting on the ground-breaking payment plan, Paul Jessup, vice president of Sales and Marketing at Muscat Bay said, “This is quite possibly one of the best payment plan promotions on the market today for one simple reason – we are providing prospective owners with a three-year payment plan for properties that are essentially ready while most other payment plans are on an unfinished ‘off-plan’ product. This means that as a buyer you can earn a rental yield on 50% capital employed and double your returns. It also helps buyers’ drip feed their money into their project, allowing them to de-risk their investment over the next three years. This type of plan appeals to savvy investors and positions properties at Muscat Bay as a great investment choice, as well as the perfect luxury dream home for new residents.”
Situated in a secluded valley and flanked by the majestic Al Hajar Mountains and Arabian Gulf, Muscat Bay is a peaceful natural haven that offers the best of both worlds – a place to escape the stresses and strains of daily life alongside easy access to modern life. Despite feeling a world away from the hustle of the city, Muscat’s City Centre is only 15 minutes away; with Oman’s main international airport just a 30-minute drive.
Once completed, Muscat Bay will be home to exclusive residential units in five freehold residential zones alongside two five-star hotels by the region’s leading operator Jumeirah. Muscat Bay’s residences will include Zaha Parkland and Waterfront three and four bedroom villas, large duplexes and one and two bedroom Parkland Residences and Premium Waterfront and Parkland Residences.
With reputable, world-class shareholders and strong investor benefits including strong rental yield and capital growth opportunities, Muscat Bay presents a secure and highly attractive proposition for both investors and homeowners. With solid sales of the Phase One residences well advanced, the development is widely considered a jewel in Oman’s real estate scene, attracting investors and new home buyers from the Sultanate, the GCC and international markets.