New housing project to be set up in Barka

By Samuel Kutty — MUSCAT: Dec 3: As a sign of continuous growth in Oman’s real estate sector, a unique housing project is coming up in Barka.

Being launched by Alargan Towell, which is known for innovative housing products catering to investors’ needs, the project offers residential villas and land plots as well. “The new initiative comes as the second phase of Al Waha Project providing the very best for citizens looking to own quality housing, enabling them to achieve their future investment goals”, said Hisham Moussa, Chief Executive Officer of Alargan Towell.

Located at the heart of Barka, the Al Waha residential community is one of the newest integrated residential projects boasting a total area of nearly 690,000 square metres.

Having successfully completed its first phase, the Al Waha project is differentiated by the quality and variety of residential buildings it provides to its customers, including villas and apartments of various sizes.

To give the project’s surroundings a unique trait, the integrated project features landscaped gardens, and commercial space, in addition to schools, mosques and other amenities, making the project more akin to a full-fledged township.

“Coinciding with the release of the second phase, this new offer allows potential buyers a choice of land plots of various sizes, all at an affordable price”, Hisham said.

In the first phase of the project, 83 per cent of the villas have already been sold out.

In the new project land plot prices start from RO 14,500, with free villa design plans while residential villa prices start from RO 53,800.

There is also a special offer on buying a villa and an additional land plot starting from RO 64,900.

“We expect to see an increased level of interest in the remainder of the properties; especially with the option available to purchase a villa and an additional plot at the same project at the same time, which in itself is an unprecedented opportunity” said Katia Muhiedin, Head of Sales, Alargan Towell.

The villa may be used for residence or as an investment; and the same goes for the plot, which can also be purchased as a future investment, either to sell or to build a villa upon. This also presents prospective owners with an opportunity to own more than one villa in Al Waha, without the need to pay for two villas all at the same time, she said.

“Considering the strength of the country’s real estate sector, the plot may also be considered as an investment asset with its value expected to increase in the coming years,” she said.

The company’s policies and vision focus on securing housing opportunities for Omanis with an average monthly income and to do so at affordable price.

“In order to facilitate the purchase process for property or land at the Al Waha project, we have partnered with commercial banks to provide our customers with easy financing solutions.

“At this point in time we have signed agreements with Al Ahli Bank, Bank Muscat, Oman Arab Bank, and BankDhofar. We are currently in communication with other banks which as well, the names of which we will announce soon”, Moussa said.