Muscat: Mazaya Real Estate Development Co. said that it would hand over housing units of Mazaya Residence Al Mawaleh, a mixed-use project, to the owners in June 2018.
Besides this, the foundation laying and other necessary works for the second phase (known as zone 2) are going on at a rapid pace and projected to be completed by early 2019, the developer added.
Al Mazaya has also announced a cash discount of OMR5,000, in addition to 30 per cent discount coupons from Home Centre, as its year-end offer for buyers in the project.
The project has been very well accepted by property buyers, as 50 apartment units out of the 120 units, of various sizes, have been sold, in addition to 28 shops in the first phase of the project. The latest design standards are being followed, in terms of optimum utilisation of spaces, with one-bedroom apartments ranging between 68 and 74 square metres, two-bedroom apartments between 99 and 110 square metres and three-bedroom flats ranging from 142 to 154 square metres.
“At Al Mazaya, we are keen to promote Mazaya Residence in Muscat as a living model to be copied for its quality, standard and professional work, which has been the hallmark in all our projects. We never compromise on quality and standards, and our commitment to deliver the final products on time,” said Sheikh Mubarak Al Sabah, executive director of marketing and sales.
“The construction and development work on all the phases of Mazaya Residence is going on according to the plan, thanks to Almighty God, and thanks to the Mazaya team and the company’s contractors, who are working wholeheartedly and dedicatedly to provide an integrated project that reflects the quality and standards matching with our business objectives,” he added. “As part of our efforts to give customers an idea of their dream home, the company has prepared a fully furnished model apartment on the project site, in conjunction with Home Centre, the leading furniture brand in the Gulf Cooperation Council region,” Al Sabah said.
The apartment provides home buyers a first-hand experience of the look and feel of the flat and the furnishing standards that can be followed. The idea is to give property buyers a comprehensive picture of the apartments that will be delivered upon the completion of the project, he added.
“These options meet the needs of all segments, including end-users and investors. Particularly, we have taken into consideration the needs of the Omani citizens, in addition to the Gulf nationals. It is important to mention that our products provide an excellent opportunity for investment due to significant returns,” he remarked.
The Mazaya Residence features several amenities and services, including swimming pools for adults and children, a fully equipped health club, children’s play area, round-the-clock CCTV, satellite and internet services, and parking.
Al Mazaya launched a large-scale marketing campaign in Oman for the project, which expects to provide affordable and competitive housing units.
It also caters to the aspirations of the Omani real estate market, which enjoys economic, investment and tourism potential that distinguishes it from other markets in the region and heralds a promising and bright future for the country.
Al Mazaya Holding has set up a sales centre within the project area, which houses the project’s outline templates and finishing material samples to allow buyers and visitors to see the top standards and specifications being followed across the project.
Al Mazaya Holding seeks to promote sales and attract customers to the first phase of Mazaya Residence to enhance the company’s investment portfolios in Oman, and consequently, stimulate the development of the project’s next stages, which will ultimately help the company forge ahead with new developments in the future, he stressed.
He concluded that the Omani real estate market enjoys economic and social security and stability, which doubles its chances of success through investment opportunities in various sectors.