Al Mazaya holds open day to promote its residential units and retail spaces
Investors seeking serviced apartments or investment opportunities with high yields were treated to units in a residential-cumcommercial complex specifically designed to cater to both owners and tenants.
Times News Service
MUSCAT: Al Mazaya Holding organised an open day on Saturday, during which a large number of Omani nationals seeking residential units were present. Specifically, individuals were most interested in the Mazaya Residences Al Mawaleh by Al Mazaya Holding. The project located in the Al Seeb area is conveniently situated behind Muscat City Centre, and is one of the leading integrated, mixed-use developments in the region.
With Phase-1 of the development having recently been completed, visitors were freely encouraged to inspect the entire project. Home-seekers were given the opportunity to have a hands-on experience through a fully furnished model apartment, which highlighted the attention to detail and space Al Mazaya had considered throughout the stages of design and development. The demo unit showcased the thoughtful use of modern design, material and technical specifications that will be featured in the units at Al Mawaleh, giving home-seekers a feel of the premium construction and engineering standards set by Al Mazaya.
Visitors were impressed by the quality, craft and engineering techniques Al Mazaya deployed in development, where an emphasis on an integrated lifestyle had been carefully considered to meet the standards of Omani and Gulf Cooperation Council (GCC) citizens alike. Those seeking serviced apartments or investment opportunities with high yields were treated to units in a residentialcum-commercial complex specifically designed to cater to both owners and tenants. The home seekers were later briefed over the opportunities of procuring retail unit spaces in the combined retail-residential integrated environment, showcasing potential for both future visitors and residents.
Jassim Al Hadrami, representative of Al Mazaya Holding in Oman, said, “Al Mazaya residences is one of the most successful developments in Muscat. Our company has continually demonstrated the feasibility of creating successful housing at all levels, proving that this development is both valuable and beneficial to the Al Mawaleh area.”
Jassim added that the residence which would feature many integrated services and facilities would be the ideal environment for Omani and Gulf families, strategically located next to Muscat City Centre, the new airport, and various other key destinations and amenities in the Omani capital.
“The feedback received following the open day was unanimously positive, and there was a strong sense of excitement from among potential buyers. It’s gratifying for everyone at Al Mazaya to continually fulfil our pledge of developing the best residences for Omani and Gulf citizens,” he said.
Jassim announced that Al Mazaya would continue to offer a range of incentives to potential homebuyers. The offer included immediate delivery of units at competitive rates based on flexible payment plans, featuring a 10 per cent first installment, 30 per cent in two months, with the remainder to be paid over 24 months.
Jassim stressed that Al Mazaya’s real estate development strategy is based on examining the reality of the market and its requirements. The strategy allowed the company to offer leasable retail spaces during this phase of the development. The market study proved to be in substantial demand among businessmen and investors to rent shops and benefit from the projected population growth, both in the general area and specifically within the Al Mawaleh project itself. The project’s Phase-1 currently covers 6,614 square metres, comprising 120 apartments and 28 retail units.
Earlier this year, Al Mazaya celebrated the completion of Phase-1 of the Mazaya Residence. The project has officially been received from the contractor, allowing Al Mazaya to begin communication with official and governmental authorities in Muscat to establish an owner association. All processes are geared towards allowing Al Mazaya to provide an optimal environment, ensuring the continued wellbeing of future inhabitants. Bait Al Osool were signed as official project managers by the company to see the finalisation of the complex come to fruition. Bait Al Osool will provide meticulous administrative and technical teams working roundthe-clock on-site, to support both residents and traffic passing through the vicinity.
Al Mazaya Holding Company is keen to offer high-quality real estate at affordable prices for all sectors of the Omani society. Seeking to create comfortable living environments that make optimal use of space, Al Mazaya developments are secure, accessible and feature various amenities. The Al Mawaleh project itself will feature all of these things, including swimming pools, tennis courts, fully equipped health clubs for both genders, children’s play areas and state-of-the-art CCTV facilities. Security, cleaning and maintenance services will also come as standard, with an easy-access underground parking facility for residents and guests.