The Wave, a luxury housing project in Oman’s capital city, said on Sunday it had launched its first waterfront apartments for sale.
The $3.5bn state-backed project in Muscat, which includes 4,000 residential units, hotels, and a golf course designed by Greg Norman, was the first in the sultanate to allow 100 percent foreign ownership of freehold property.
Project officials said buyers can now register for the latest launch at the development – the Marsa One apartments.
The first waterfront apartments to be launched in Muscat, Marsa One forms a part of Almarsa Village, the commercial and tourism hub of The Wave.
The phase comprises 121 luxury one, two and three-bedroom apartments in a prime marina-front position.
David Stafford, vice-president of Sales and Marketing at The Wave, Muscat said: “Marsa One apartments are first of its kind for The Wave, Muscat and for the city.
“The time is now to invest in Oman, where a stable economy and consistent year-on-year GDP growth are already returning record resale returns and rental yields.”
The Almarsa Village will also be home to the next retail development at The Wave, Muscat and will be located next to a four-star Marina Plaza Hotel and close to a five-star The Kempinski hotel.
Stafford added: “We are creating the commercial and tourism hub of The Wave, Muscat at Almarsa village, with luxury residences, commercial and retail outlets and Almouj Marina. Buying here is buying a part of the high life.”
The Wave, Muscat also includes Oman’s largest private marina, Almouj Marina, which berths 400 yachts up to 65m.
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