Bank Muscat extends baituna home finance for Muriya project in Salalah

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate and Muriya signed an agreement to provide attractive baituna home finance options for prospective homebuyers at the flagship Hawana Salalah destination.

Abdullah Tamman Al Mashani, deputy general manager – Institutional Sales & Products Development, and Elwy Hussein Elwy, chief financial officer of Muriya Group, signed the agreement at the bank’s head office.

Abdullah Tamman Al Mashani said, “Bank Muscat is proud to be associated with the Muriya project in Salalah and facilitate attractive baituna finance for prospective home buyers.

“The real estate sector is a major component of the national economy and Bank Muscat is committed to extending all possible support to achieve the objective of a ‘home for every family’, especially youth. baituna home finance is aimed at offering citizens and residents easy access to mortgage finance, thereby enhancing the role of the real estate sector in the national economy.”

Elwy said: “Our partnership with Bank Muscat will ensure even larger numbers of families, investors and residents have the opportunity to acquire their property of choice at Hawana Salalah. At every stage of our project development, we have continuously explored opportunities to make the properties as accessible as possible, and with this agreement, we are helping transform that vision into reality.”

The attractive features of baituna home finance include lowinterest rates with maximum loan tenure up to 25 years for Omani customers. With extended loan tenure and low-interest rate, Bank Muscat facilitates the best home finance deals in the Sultanate. Citizens and residents can avail easy and convenient credit approval across the bank’s network of branches in the Sultanate.

Hawana Salalah is spread along seven kilometres of picturesque beaches just 20 minutes from Salalah’s newly refurbished airport.

Renowned as one of Oman’s largest Integrated Tourism Complexes and the only one located in Dhofar, the destination offers citizens and residents a lucrative investment opportunity that entitles them to residency in Oman.

Designed to help families fulfil their dream homes, baituna home finance offers convenient mort- gage plans to suit everyone’s needs with simplified documentation, flexible repayment options, insurance coverage and processing across the bank’s extensive network of branches. baituna facilitates access to prime residential projects in Oman as the bank is associated with all leading property developers.

Bank Muscat mortgage finance is available for purchase and construction of new homes as well as land for residential use.

baituna finance is offered to Omani nationals, GCC nationals and resident expatriates.