Wednesday 26 February 2020

Oman's Al Mouj Muscat inks deal with NBO

MUSCAT, September 8, 2019

Al Mouj Muscat, Oman's lifestyle and leisure destination, has signed a partnership deal with National Bank of Oman (NBO) offering extra value for real estate investors in the sultanate with a tailored finance agreement and incentives exclusive for the bank's customers.
As per the deal, NBO’s clients can purchase townhouses at Ghadeer Parks and apartments at The Gardens neighbourhoods within the RO1-billion ($2.6 billion) Al Mouj Muscat, with zero service charges for a period of one year, along with waiving registration fees.

The benefits extend to include free rental services should properties be bought for investment purposes, allowing clients to take advantage of profitable opportunities in real estate sector in Oman, said a statement from the developer.
“Our homes already offer the strongest real estate investment opportunity in Oman, delivering returns that consistently outperform the market,” remarked Nasser bin Masoud Al Sheibani, CEO of Al Mouj Muscat.

“Working with the National Bank of Oman, this newest initiative will satisfy customers’ needs not just for better value, but also for a streamlined, more convenient experience, bringing finance and real estate together into a one-stop service,” he added.

Covering around 2.5 million sq m, Al Mouj Muscat currently boasts more than 2,200 homes completed and handed over to buyers, out of around 6,000 planned, with a wide range of retail, hospitality and leisure facilities already well-developed.

Ghadeer Parks and The Gardens are among the newest neighbourhoods at Al Mouj Muscat, offering freehold ownership approved for purchase by foreign nationals as well as Omani citizens.

They combine the luxury of resort living with the liveliness of urban life, offering easy access to shopping, dining and leisure facilities.

These include popular dining and retail areas along The Walk, Marsa Plaza, and The Promenade, as well Al Mouj Marina, Al Mouj Golf, and two luxury hotels – the Kempinski Hotel Muscat and Mysk Al Mouj.

National Bank of Oman has a long-standing relationship with Al Mouj Muscat, already facilitating housing loans for customers purchasing properties at the community. The newly signed agreement further offers innovative financial solutions that will make people’s lives easier.
NBO general manager and chief retail banking officer John Chang said: "We have worked closely with Al Mouj Muscat since 2009, supporting its growth into the vibrant and successful community it is today."

“We are very pleased to be making our partnership even stronger, actively connecting our customers with a premium real estate project. Buying a home is an important life-time decision and this is where NBO plays a vital role not only through our convenient housing loans giving clients an advantage on repayment terms, low processing fees and special rates but also providing real investment opportunities within Oman,” he added.

With such a wide range of attractions, Al Mouj Muscat has quickly established itself as one of the city’s most popular locations for residents and visitors alike.-TradeArabia News Service


More Construction & Real Estate Stories

calendarCalendar of Events