Savills Oman initiates release of sale for Boulevard Tower
MUSCAT: Boulevard Tower, a prestigious new ITC project at Muscat Hills, has initiated the release of sale by Savills, the leading global real estate company who has been chosen as exclusive sales agents.
Located in a strategic position within The Muscat Hills master development, Boulevard Tower is being developed by Imdad Real Estate Development, part of the ASAS Oman group.
Boulevard Tower is an iconic development of 165 apartments with ground floor shopping and restaurants. It boasts a diverse variety of apartments, from one to three bedrooms at highly competitive price levels. Setting a new benchmark for affordable luxury the project has full ITC status allowing all nationalities to own on a freehold basis with associated rights of residency.
Christopher Steel, managing partner at Savills Oman, the exclusive sales agent reports that there has been no let-up in demand from Omani Nationals and non-nationals for quality ITC real estate over recent months. “We continue to see high levels of interest for a quality property within the ITC projects. Whilst the regional economies are undoubtedly having a bumpy ride, real estate is being seen as a safe haven and a se-
Boulevard Tower is an iconic development of 165 apartments with ground floor shopping and restaurants. Setting a new benchmark for affordable luxury the project has full ITC status allowing all nationalities to own on a freehold basis with associated rights of residency
cure investment platform for longer-term growth. The Sultanate’s stated commitment to the growth of tourism and ITC’s, in general, gives much confidence.”
Stating its commitment to providing the highest quality building and finishes, Imdad Real Estate has appointed the acclaimed construction company Al Hajiry. Known for its quality construction and timely completion of projects, Al Hajiry brings to the project a structured and organised approach to ensure that the project will meet, if not exceed, the expectations of its apartment buyers.
Jason Sam Varghese, the executive director commented, “We are delighted to be involved in this prestigious project. Boulevard Tower construction is now underway and we are committed to making this iconic building a proud addition to the ITC projects in the Sultanate.”
Shiji Thomas, head of Sales at Savills Oman is confident that all buyer’s expectations will be met, “We continually analyse the changing expectations of real estate investors and occupiers here in Oman and Boulevard Tower represents something that there is a genuine demand for. Quality construction, strategic location, affordable pricing and a global ownership position – Boulevard Tower ticks all the boxes.”