UAE’s Majid Al Futtaim launches Dhs28m villas in Al Mouj Muscat development

Al Mouj Muscat, a property being jointly developed by UAE-based Majid Al Futtaim Properties, the Oman Tourism Development Company (Omran) and the Oman National Investment Development Company (Tanmia), announced the launch of its 6-bed villas and mansions on Monday.

The Golf Beach Residences comprise of seven top-of-the line Zunairah mansions, each priced at OMR3m (Dhs28.6m), and which have private infinity pools, landscaped gardens and direct access to the beach. All seven mansions were sold on Monday morning itself.

There are also five Beach Park Villas each priced at OMR1.3m (Dhs12.4m) with private pools and courtyards, as well as seven Beach Boulevard Villas priced at OMR700,000 (Dhs6.6m) in this gated community.

The villas are expected to be ready for possession within the next two years.

The Golf Beach Residences are located within the Shatti District and are within walking distance of the Golf District and the Al Mouj Golf course. It is also near the 5-Star St. Regis Resort within Muscat.

The Al Mouj Muscat master development, which also includes a 400-berth marina, is now around 60 per cent complete. Home to 85 nationalities and 6,000 people, its Integrated Tourism Complex (ITC) status allows non-Omani buyers the opportunity to enjoy freehold ownership of their property as well as residency for themselves and their first-degree relatives.

Apart from Al Mouj Muscat, Omran also partnered with Majid Al Futtaim and announced the country’s largest development – Madinat Al Irfan – in 2018.

The Madinat Al Irfan mixed-use community will upon completion feature 11,000 residential units including villas, townhouses and apartments, 100,000 sqm of retail space, 700,000 sqm of office space, as well as cultural and lifestyle offerings.

Read: Majid Al Futtaim, Omran to develop mega community as part of Oman’s largest project

Spread across over 4.5 million sqm in Muscat, the joint venture project investment value is estimated at OMR5bn (Dhs47.7bn) over 20 years. Set for completion in three stages, the first phase of the project is scheduled for completion by 2023.