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Fri 12 Sep 2014 10:06 AM

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Oman mega project set to launch first residential sales

Saraya Bandar Jissah says first homes to be released in mixed-use project on outskirts of Muscat

Oman mega project set to launch first residential sales

Saraya Bandar Jissah, the company developing Oman's newest Integrated Tourism Complex, has announced the release of Zaha, their first residential units for sale.

Located on the outskirts of Muscat, nestled between the Al Hajar Mountains, the Saraya Bandar Jissah development is Oman's newest integrated tourism (ITC) project and is a joint venture between Saraya Oman and the Government of the Sultanate of Oman's tourism development and investment company, Omran.

Commenting on the launch of residential sales, Sheikh Hamood bin Sultan Al Hosni ,the CEO of Saraya Bandar Jissah, said: "This event marks the most significant milestone in the project's timeline since its official Ground breaking Ceremony five months back; as we release residential properties within the first phase of the project for sale to the general public.

"Over the past few years the sultanate has been working to shift its dependence away from the oil sector. As a result the real estate sector in Oman is being driven forward by increased government spending and increasing interest in integrated tourism developments such as Saraya Bandar Jissah."

The Saraya Bandar Jissah development comprises 398 Villas, townhouses, duplexes and apartments which are spread across five residential zones - Safa, Na'eem, Zaha, Nameer and Wajd.

The first zone to enter the market will be Zaha with a mix of three and four bedroom villas, three bedroom duplexes and two bedroom apartments.

"This is a proudly Oman-based development, and our primary market focus is very much within the Oman market with the buyer profile expected to be predominantly local Omanis with remainder being expatriates residing in Oman as well as GCC nationals," added Al Hosni.

Sales will launch on September 15, a statement said.

The destination is being built on 2.2mn sq m of land with an expansive beachfront and a high point of 250m above sea level.

Scheduled for a grand opening in 2017, two hotels form the major leisure components of Saraya Bandar Jissah.

Earlier this month, Saraya Bandar Jissah announced that it has awarded the construction contract for the Zaha zone.

The appointment of Towell Construction & Co for the construction of Zaha marks the next development phase of the project following the awarding of the infrastructure and two hotel contracts.

A total of 169 properties are planned to be ready for occupation by 2016.

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