AL MOUJ MUSCAT AND NATIONAL BANK OF OMAN JOIN HANDS TO OFFER EXTRA VALUE FOR REAL ESTATE INVESTORS

Al Mouj Muscat, Oman's lifestyle and leisure destination, and the National Bank of Oman (NBO), the nation’s bank of choice are offering extra value for investors in the Sultanate with a tailored finance agreement and incentives exclusive for NBO customers.

The agreement grants NBO’s clients the opportunity to purchase townhouses at Ghadeer Parks and apartments at The Gardens neighbourhoods, with zero service charges for the 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.

“Our homes already offer the strongest real estate investment opportunity in Oman, delivering returns that consistently outperform the market,” said 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.”

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.

“We have worked closely with Al Mouj Muscat since 2009, supporting its growth into the vibrant and successful community it is today,” said John Chang, General Manager and Chief Retail Banking at NBO. “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.”

Ghadeer Parks and The Gardens are among the newest neighbourhoods at Al Mouj Muscat, offer 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.

Covering around 2.5 million square metres and representing an investment of almost OMR 1-billion, 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. 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.

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.

About Al Mouj Muscat

Al Mouj Muscat is the Sultanate’s lifestyle and leisure destination and is a unique public-private venture between the Government of the Sultanate of Oman and the UAE-based Majid Al Futtaim Properties.

Spread along a stunning 6 km stretch of Muscat’s coastline, this world-class Integrated Tourism Complex comprises a group of luxury residential properties including Villas, Townhouses and Apartments, commercial units, retail and dining facilities and Oman’s only signature designed PGA Standard 18-hole links golf course, designed by Greg Norman. Al Mouj Muscat is also home to the 400 berth Al Mouj Marina, Oman’s largest private yachting hub and The Walk, a 70-unit retail area which forms the commercial and leisure hub of the community. Most recently Al Mouj Muscat launched Muscat’s first public square, Marsa Plaza - a leisure, cultural destination and gathering place for residents and visitors, and an arena for live performances, arts exhibitions and community events.

Al Mouj Muscat is also home to the first Kempinski hotel to launch in Oman, as well as 4-star hotel, Mysk Al Mouj.

Al Mouj Muscat is a phased development which provides a world-class lifestyle destination. The next phase of development will see even more residential leisure and hospitality offerings.

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About National Bank of Oman:

NBO, the first local commercial bank in the Sultanate of Oman, was founded in 1973 and is today one of the leading banks in Oman. The Bank serves its customers in Oman through 60 Branches, more than 180 ATM/FFM/CCDMs as well as two Branches in U.A.E.

The Bank is committed to community improvement through its corporate citizenship programs and is an active supporter of a range of worthy causes in Oman, with emphasis on health and human services, civic, education, environment, youth, women, arts and culture. 

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