Lakshmi Kothaneth -
MUSCAT, Feb 20 -
Zain Real Estate Development Company launched its new residential project, Al Muna Gardens yesterday at Grand Hyatt Muscat. With a cost of RO 22 million, the project, located in Bausher, will feature 122 luxury villas.
The project that is to commence this year is expected to be completed in three-and-a-half years. Mishaal al Raisi, Chief Executive Officer of Zain Real Estate Development, said, “The launch of this new project comes in implementation of the company’s plan, which was drawn according to a vision that realises the reality of the market and its future and at the same time meets the requirements of the real estate sector clients.”
About 50 per cent of the villas are already sold. “We have our clients whom we had already introduced the project to. The buyers who have come forward so far are not investors but people who want to live in the property.”
“Muna Gardens, strategically located in Al Muna area at Bausher Highlands and in the heart of the capital, is very close to the various services and is only 10 minutes away from Muscat International Airport as well as five minutes away from the ministries area, Royal Hospital, Muscat Hospital, Mall of Oman and the most important shopping centres in Al Khuwair area, making it an ideal place to live amid luxury and nature,” Al Raisi said.
The 122 villas are divided into four types — twin villas, a townhouse and luxury villa surrounded by green spaces, and all the facilities and services required by modern life, entertainment, amidst a climate of luxury and comfort and only a few steps away from the most important facilities and services.
Khawla Mohammed Abdullah, General Manager of Zain Property Development Company, said, “The work will begin early in May 2018 and the villas will be delivered to the owners within three-and-a-half years’ time. We are in contact with some banks in the Sultanate to ensure the financing of buyers with special facilities.”
The gated community is expected to have cafes, a number of restaurants, shops, all the options and lifestyles imaginable from care and recreation to shopping and entertainment. The entertainment centre includes a gym with swimming pool and nursery for children and a cinema and a hall for events with an area of 250 sqm, and commercial spaces for rent suitable for the establishment of a cafe, spa, restaurant, clinic and mini market, as well as a children’s park on a land area of 2,000 sqm, In addition to a public park. The project also has green areas in addition to outdoor spaces for bowling, chess, football, weightlifting, hiking and cycling.
The residential area will also contain a waste disposal system and several entrances and exits, enabling the residents to access their villas smoothly and ensure absolute security. The residents will experience safety and a sense of security.
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