Oman project to be sold by Hamptons
by ArabianBusiness.com staff writer on Sunday, 26 October 2008
Hamptons International, a subsidiary of Emaar Properties, has announced it is to market and sell the US$2.85bn Mirbat development in Salalah, southern Oman following a partnership with the Dhofar Tourism Company.
A partnership with Bank Dhofar and Oman Arab Bank is also said to be imminent.
"Hamptons international is privileged to partner with Dhofar Tourism company, which is boosting the Omani economy through the Mirbat development. This project is billed to enrich the tourism industry in Salalah, famous for its natural beauty and serenity," said Nasser Abdul Rahman Rafi, managing director of Hamptons International.
The 2 million sq meter project will feature residential, commercial, tourism and entertainment components to be completed in phases.
Phase one will include the Royal Tulip Mirbat Resort and Spa, a 5-star hotel due to open later this year. The second phase will comprise of residential units.
Around 161 residential units, 47 golf villas, 258 town houses and a marina are on the plans. Some 10,000sq m of retail space and 10,000sq m of office space will be built.
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