Liwan apartments, adjoining the Kempinski The Wave, Muscat, has been released for sale.

The 85 one- and two-bedroom apartments are spread over three boutique buildings, said a statement.

Liwan residents will have access to their own swimming pool and are within walking distance of the Marsa Village retail centre and marina boardwalk with cafes, restaurants and shopping, it said.

The modern styled apartments include high quality finishes and offer owners and investors a variety of design configurations to choose from. The prices start at RO89,000 ($230,498) and are expected to attract regional and international investors looking to be a part of Oman’s economic growth.

David Stafford, VP of Sales and Marketing at The Wave, Muscat, said that the Liwan apartments is the third property release this year for the Wave following the strong sales in Marsa 1, Siraj and Marsa 2 earlier in the year.

“The launch of Liwan is in response to the increasing demand for lifestyle products at The Wave, Muscat from investors as well as owner occupiers. Liwan will form the pedestrian gateway from the Kempinski Hotel to the Almouj Marina weaving through a new retail precinct to be launched next year.”

“The success of the Wave as Oman’s lifestyle destination combined with strong rental demand is attracting interest from local, regional and international investors, who want to be part of the greater growth story in Oman and who are looking for quality construction and deliverable certainty of the project where they invest.”

“We are also seeing a lot of demand from second time buyers who already own at the Wave and are attracted to the high occupancy levels, hassle free maintenance and good yields being achieved, particularly in the well located properties within the marina precinct,” David said.  

“With affordable entry prices and maturity of the Wave project, with its retail centre, golf course, marina, community beach and parks, young professional Omanis and expats are seeing the value in investing in their future wealth through property investment and with a range of easy finance options available through local banks.” - TradeArabia News Service