Bank Muscat, Saraya Holding Oman join hands to promote Muscat Bay project
MUSCAT, xx April 2017 – Bank Muscat, the flagship financial services provider in the Sultanate, and Muscat Bay signed a memorandum of understanding (MoU) to provide attractive baituna home finance for the project’s exclusive residential units in Qantab. Abdullah Tamman Al Mashani, Deputy General Manager – Institutional Sales & Products Development, and Sheikh Hamood Sultan Al Hosni, Chief Executive Officer of Muscat Bay, signed the MoU for Oman’s premier resort village.
Abdullah Tamman Al Mashani said: “Bank Muscat is proud to be associated with the Muscat Bay project and facilitate attractive baituna finance for prospective Omani and expatriate home buyers. The real estate sector is a major component of the national economy and Bank Muscat is committed to extending all possible support to achieve the objective of a ‘home for every family’, especially youth. baituna home finance is aimed at offering citizens and residents easy access to mortgage finance, thereby enhancing the role of the real estate sector in the national economy.”
Sheikh Hamood Sultan Al Hosni said: “Muscat Bay is delighted to join hands with Bank Muscat to provide attractive home deals for citizens and residents. The association between the two institutions will give a boost to the real estate sector, benefit citizens to fulfill their dream homes and offer a new way of living in Oman. As one of Oman’s most important strategic real estate project, Muscat Bay is scheduled to complete its first phase this year and comprises of 260 exclusive residential units alongside five-star Jumeirah Resort Hotel and community services to provide a regionally unique enclave where Omani residents can relax and escape from the daily pressures of life.”
The attractive features of baituna home finance include low interest rates with maximum loan tenure up to 25 years for Omani customers. With extended loan tenure and low interest rates, Bank Muscat facilitates the best home finance deals in the Sultanate. Citizens and residents can avail easy and convenient credit approval across the bank’s network of branches in the Sultanate.
Nestled between the Al Hajar Mountains and looking out onto a pristine secluded bay, Muscat Bay captures the charm and character of Oman, influenced by natural surroundings, a tranquil lagoon and a unique community spirit. Despite feeling a world away from the hustle of the city, Muscat’s city centre is only 15 minutes away; with Oman’s main international airport just a 30 minute drive. Once completed, it will be home to 435 exclusive residential units, including spacious villas, stylish townhouses and luxury apartments, alongside two five-star hotels by the region’s leading operator Jumeirah. A Village Square will sit at the heart of the development to offer an array of community services, providing convenience for residents and cultivating a harmonious community for likeminded people.
Committed to diversifying its economy, the government’s strategy is focused on long-term growth, with tourism rapidly becoming one of the most important economic pillars for the country’s future. With the delivery of a key infrastructure and high value amenities including investment into roads, airport and ports, the recently opened Oman Convention Centre and the introduction of several new luxury resorts, the Sultanate is rapidly attracting foreign investment and represents a strong investment for potential buyers. Muscat Bay lies at the centre of this positive change, attracting high levels of interest from smart buyers looking for a beautiful resort village with global standards in build, design and amenities. With a solid amount of Phase One residences sold to date, it presents benefits such as high rental yield and capital growth opportunities, resulting in a secure and highly attractive proposition for both investors and homeowners.
Designed to help families fulfill their dream homes, baituna home finance has been designed with homebuyers in mind. Convenient mortgage plans suit everyone’s needs, with simplified documentation, flexible repayment options, insurance coverage and processing across the bank’s extensive network of branches. This new association between Bank Muscat and Muscat Bay facilitates access to prime residential projects in Oman.
Bank Muscat mortgage finance is available for the purchase and construction of new homes as well as land for residential use. baituna finance is offered to Omani nationals, GCC nationals and resident expatriates.
Saraya Bandar Jissah and Bank Muscat Partner to Provide Attractive Payment Plan for Nameer Island Villas
Muscat’s premier resort village, Saraya Bandar Jissah has partnered with Bank Muscat’s Private Banking Division to offer discerning buyers the opportunity to purchase the exquisite Nameer Island Villas with an appealing new payment plan. With a range of unique lifestyle options coupled with a quality return on investment, potential buyers can now reap the benefits of owning a property in this idyllic corner of Oman.
Situated in a secluded valley and flanked by the majestic Al Hajar Mountains and the Arabian Gulf, Saraya Bandar Jissah is a peaceful natural haven that offers investors the best of both worlds – a place to breathe and escape the stresses and strains of daily life – alongside easy access to the city centre and a wealth of modern amenities, right at your doorstep.
With reputable, world-class shareholders and strong investment benefits including a solid rental yield and capital growth opportunity with the Jumeirah Hotel opening shortly, Saraya Bandar Jissah presents a secure and highly attractive proposition for investors. The new payment plan, available from 8th February to 15th March 2017, offers investors a choice of stunning luxury villas within an integrated tourism complex, at an extremely competitive price point per square metre.
For the first five villas sold, investors are guaranteed to receive a five percent return over the first year of purchase and will be offered the incredible option of paying only five percent until the handover of the villas in Q2 2017. In addition, there will be zero service charge for two years and investors will even be offered a free trip to the Maldives with Jumeirah Hotels. *
Commenting on the partnership, Paul Jessup, Vice President of Sales and Marketing at Saraya Bandar Jissah said; “We are excited to share details of this tempting new payment plan in the hope of showcasing the investment benefits of purchasing the Nameer Island Villas, which include capital growth potential and a strong rental yield alongside multiple lifestyle benefits.
The partnership with Bank Muscat provides a guarantee to buyers that Saraya Bandar Jissah is able to offer assured delivery timeframes for completion and property handover to those who wish to invest in a sustainable real estate project such as ours, along with highly attractive financing options.”
The AJ from Bank Muscat comments; “XX”
The Nameer Island Villas will offer residents tranquility and luxury, with all villas situated perfectly on an island with gardens running down to the crystal blue waters of a sculptured lagoon. With three-bedroom and four-bedroom layouts available, spanning 427 and 498 metres respectively, the signature island villas feel both intimate and private, yet open and free from complication. Each boasts an infinity pool and generous open-plan design, which spans over two floors, providing an easy indoor-outdoor flow, ideal for entertaining guests or for relaxed family living.
In addition, each property is crafted from locally sourced, high-spec materials to offer a blend of Omani elegance, modern comfort and privacy while respecting local heritage and connecting residents to the beautiful environment around them. Additional benefits include the close proximity to the best beach in Muscat, a central community hub with all modern amenities readily available and two five star Jumeirah hotels set on the water’s edge, which will offer residents resort-style living and access to a variety of hotel facilities, from the moment residents move in.
For more information, please visit sarayabandarjissah.com.
View Opportunity to invest in Oman’s best 5 star resort destination via Muscat Bay and Coreo Partnership
Muscat Bay, the latest premier resort village in Muscat, Oman, has formed a partnership with Coreo, a leading real estate company based in Doha, Qatar. Khalifa Al Misnad, Founder of Coreo, and Paul Jessup, Vice President of Sales and Marketing of Muscat Bay, agreed the strategic alliance to introduce the Qatari market to new, innovative lifestyle and investment opportunities in Oman.
The Founder of Coreo is a self-proclaimed adventurer with a love for Oman’s natural beauty and outdoor lifestyle. The Muscat Bay project’s vision is to foster a new way of living in Oman and is located in a truly breathtaking setting on the shores of the Arabian Gulf.
Khalifa Al Misnad said: “I was impressed with Muscat Bay’s exotic natural surroundings; especially in light of the fact of it being so close to Qatar and the center of Muscat. You don’t have to travel so far to experience something you would normally expect from a luxury destination further afield. Muscat Bay itself is possibly the most complete resort village offering in the region which we believe, with their highest quality fit out and low density build, as well as 5 star amenities and Jumeirah hotel, will be highly attractive to both Qataris and expats living in Doha.”
Paul Jessup said, “Coreo’s holistic agency approach naturally fits with Muscat Bay’s end to end lifestyle–investment solution. Oman also offers the most secure freehold title agreement in the region in the fastest tourism growth destination in the GCC. With the lowest number of properties being offered in any single market in the region, buying in Oman, whether investment or as a lifestyle choice, seems to be the smart choice at this time. It also helps that Oman continues to be a peaceful, happy nation with incredible natural beauty and welcoming national character”.
Coreo is a well-established real estate agency in Doha, providing a wide range of services in Qatar including: rentals, resales, relocation, property marketing, property management and business consulting. Renowned for impeccable customer service and representing many luxury developments in Qatar, the real estate company’s new addition of Muscat Bay properties to their portfolio provides a fresh offering for their clientele. The partnership ensures Qatar based patrons’ investments are easy and convenient with guidance provided by Coreo.
Nestled between Al Hajar Mountains and looking out onto a pristine secluded bay, Muscat Bay captures the charm and character of Oman, influenced by natural surroundings, a tranquil lagoon and a unique community spirit. Despite feeling like a remote Indian Ocean island retreat, Muscat’s city centre is only 15 minutes away; with Oman’s main international airport just a 30 minute drive away, making the entire journey from Qatar airport to Muscat Bay only two hours. With 260 Phase One residences scheduled for completion in 2017, Muscat Bay will be home to a limited number of exclusive residential units, including spacious villas, stylish townhouses and luxury apartments, alongside two five-star hotels by the region’s leading operator Jumeirah. A Village Square will sit at the heart of the development to offer an array of community services, providing convenience for residents and cultivating a harmonious community for likeminded people.
Muscat Bay is located at the heart of innovation in Oman with the delivery of new key infrastructure including a new airport, convention centre and several luxury hotel brands like Jumeirah, Kempinski and Marriot. A solid amount of Phase One residences have been sold to date, due to the short supply of quality Integrated Tourism Complex’s (ITC) available. The global standard resort village provides excellent investor benefits due to the high quality, low supply of properties, strong rental yield and capital growth opportunities, presenting a secure and highly attractive proposition for both investors and homeowners.
Whether for investment, renting or holiday home purposes, the investments in Muscat Bay as a result of the partnership with Coreo will strengthen the ties between Oman and Qatar. Increased travel and investment between the countries will help boost their economies and be equally profitable.
To register for the sales event taking place on 15th May 2017 at the Coreo offices in Doha please email: email@example.com.
Muscat Bay to Announce a Sweet New Addition to its Experience Center: Crafty Kitchen
Muscat Bay is delighted to announce the opening of Crafty Kitchen in the Experience Center to serve Muscat Bay staff, visitors and the general public. The tasty new addition will offer a selection of refreshing beverages, light meals and confectionary.
Crafty Kitchen is one of the most beloved Omani owned café operators and will add a pinch more soul to the Muscat Bay project. Visitors can experience first-hand the imminent completion of phase one properties while enjoying fresh juices, perfectly crafted coffees and delicious homemade cakes from the vibrant café. The innovative brand, known for its high quality and healthy food has developed a menu to reflect the healthy, outdoor lifestyle of future residents at Muscat Bay by offering fresh juices, smoothies, salads and much more! Crafty Kitchen will also offer a Business Lunch and Saturday Afternoon Tea to cater to all visitor needs, from a business investment meeting to family outings.
Paul Jessup, Vice President of Sales and Marketing for Muscat Bay said: “We invite everyone to visit us at Muscat Bay to enjoy delicious, nourishing food while envisioning their ideal lifestyle in such an extraordinary setting on the shores of the Gulf of Oman. Crafty Kitchen’s reputation for healthy food naturally aligns it with Muscat Bay, whose aim is to foster a new way of living in Oman that revolves around a healthy, outdoor lifestyle.”
Muscat Bay’s beautifully designed Experience Center has all the ingredients of a perfect short escape from the city for the whole family; Crafty Kitchen, a children’s play area and natural surroundings help give visitors a real insight into everyday community life at the luxury destination. Al Hajar Mountains and a pristine secluded bay are the perfect backdrop to make visitors feel a world away from the city, which in reality is only a 15 minute drive from downtown Muscat. With 260 Phase One residences scheduled for completion in 2017, Muscat Bay will be home to a limited number of exclusive residential units, including spacious villas, stylish townhouses and luxury apartments, alongside two five-star hotels by the region’s leading operator Jumeirah. A Village Square will sit at the heart of the development to offer an array of community services, providing convenience for residents and cultivating a harmonious community for likeminded people.
The best way to experience Muscat Bay is to live it. Have your space to breathe with delicious coffee and cakes at Crafty Kitchen, now open at the Muscat Bay Experience Centre Saturday to Thursday from 09:30 am to 18:30 pm.
Muscat Bay Hosts Condé Nast International Luxury Conference After Party
Muscat Bay, Oman’s newest integrated tourism complex welcomed the city’s glittering fashion VIPs and local influencers as well as the international media community at a glamorous after-party following the second annual Condé Nast Luxury Conference yesterday.
Aptly themed “Mind Release,” to follow the conference’s theme of “Mindful Luxury,” the event hosted 200 plus guests in a dazzling evening hosted at the newly inaugurated Experience Centre, overlooking the project site below, as well as the stunning beach area, looking onto the Oman Gulf.
The Condé Nast Luxury Conference was held over an intensive two-day period where over 500 leaders from the world’s best luxury brands and opinion formers attended to listen to over 40 top speakers. Muscat Bay was a lead sponsor of the Conference, where discussions focused on new wealth and untapped market potential as the next great source of growth for the international luxury industry in the 21st century.
The Mind Release party’s objective was to celebrate Oman’s charm and character and showcase it as a destination influenced by natural surroundings, allowing invitees to disconnect and enjoy their environment. The highly anticipated event maintained a modern and relaxed vibe, in line with the brand ethos of ‘Your Space to Breathe’ and provided guests with a sensory experience showcasing the best of Omani food, drink, music and fashion, set right in the new heart of the project, overlooking Oman Gulf.
The evening’s activities included a fabulous fashion show, featuring stunning designs from both internationally acclaimed and up-and-coming designers Amal Al Raisi, Bthaina and Najla Zuhair, held on live installation podiums. Other notable luxury partners included Amouage, Ritz Carlton Al Bustan and an activation by Instagram.
Muscat Bay, which is being developed in partnership with Saraya Holding Oman (SAOG) and Omran (Oman Tourism Development Company SAOC), will be completed in 2017 and will provide a peaceful natural haven that offers the best of both worlds – a place to escape the stresses and strains of daily life alongside easy access to modern amenities. The first phase of this unique resort village will boast a wide product offering, including exclusive residential units in five residential zones that provide a
variety of picturesque views of the flowing lagoon and sweeping seascape beyond, and will overlook the landscaped park below.
The internationally renowned luxury hotels and resorts operator, Jumeirah, will also provide two secluded hotel retreats- one resort and one boutique- for residents and visitors alike.
For more information, please visit www.muscatbay.com.