Premier Real Estate, a key subsidiary of Oman-based Al Yousef Group, has launched the first phase of Wardat Riyam,  its residential apartment project located at Mutrah Bay in capital Muscat.

The project, which will come up over a 6,700-sq-m area adjacent to Riyam Park, is being developed in two phases, said Al Yousef Group in its statement.

Phase One comprises two buildings housing 36 premium apartments, a banquet hall and retail outlets. All the units will boast panoramic views of the sea, Mutrah bay and Riyam park, it added.

The construction contract for the first phase has been awarded to Unique Contracting Company, said the statement from the company.

A number of retail outlets and restaurants will also come up with this project to serve the residents of the area and visitors of this unique place in Mutrah.

The second phase of the project will consist of four-star hotel apartments, it added.-TradeArabia News Service