Wednesday 21 March 2018

Muscat Bay plans special offer for Kuwaiti investors

KUWAIT, 26 days ago

Muscat Bay, a joint venture between Saraya Holdings Oman and Omran, will be showcasing its award-winning residences at Oman’s leading luxury development, at a special five-day expo to be held in Kuwait starting from February 28.

It will be home to 435 exclusive residential units, spacious hilltop palaces, stylish villas and duplexes as well as luxury Residences - all with attractive waterfront and mountainside views.

The Muscat Bay activity will run from February 28 to March 4 at The Avenues Mall, Kuwait and will be hosted by a team from Muscat Bay and Al Saltana Real Estate, Muscat Bay’s premier real estate representative in Kuwait.

A key resort village which, once completed, will be home to exclusive residential units in five freehold residential zones alongside two five-star hotels operated 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.

It is an integrated tourism complex (ITC) that has a freehold benefit open to all nationalities. According to Omani laws, foreign owners are allowed ownership of residential properties in these projects and attain the right to reside in the sultanate, alongside their family, for the entire period that they are in possession of the property. This offers an added value for investment at this leading project of Muscat Bay.

Paul Jessup, the vice president of sales and marketing at Muscat Bay said it is a peaceful natural haven with award winning luxury residences that feature the serenity of nature practically at their doorstep.

"More importantly, it is one of the only places in the sultanate, and the region as whole, that offers owners an escape from the stresses and strains of daily life alongside easy access to modern life. It is these very qualities that make the homes at Muscat Bay extremely attractive to buyers in Kuwait and the region alike," he added.

Scheduled for a grand opening in 2017, the five star Jumeirah hotels form the major leisure components of Muscat Bay, providing their guests with a luxurious and relaxing home away from the day-to-day rigours of life, where the mountains meet the sea.

In celebration of the imminent handover of Phase I residences, Muscat Bay will be launching an exclusive payment plan offer on a limited number of its freehold residences - for the Kuwaiti market.

"The special payment plan, ‘Your Space to Breathe’, offers prospective owners the option of paying for the property in three easy steps; starting with 5 per cent at the time of reservation followed by 45 per cent at the time of handover or in three months, whichever is earlier. The balance payment of 50 per cent can be made, in 12 months from the second payment," explained Jessup.

"This offer is valid on selected properties and will be treated on a first-come, first-served basis. Investors have the opportunity to earn rental yield with only 50 per cent of capital employed, which in turn allows them to double their revenue," he added.

Jessup said: "We are excited to launch this exclusive promotion for only a limited number of units for our friends in Kuwait."

"We already have a number of Kuwaiti buyers as part of our community and look forward to welcoming more to join us at Muscat Bay – one of the region’s most perfect natural beachfront escapes, which is only a 30-minute drive from the soon-to-be opened new Muscat International Airport," he added.-TradeArabia News Service

Tags: Kuwait | Omran | Muscat Bay |

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