Al Mouj Muscat launches Townhouses at Ghadeer Parks Precinct

Muscat, July 23, 2018: As part of its commitment to appeal to market needs and to provide growing young families with the best quality of living, Oman’s leading Integrated Tourism Complex (ITC), Al Mouj Muscat, has launched three-bedroom Townhouses within its unique project, Ghadeer Parks precinct.

The three-bed Townhouses are very generous in size and include two living areas, a courtyard, a housemaid’s room, store room and laundry, with a price starting from OMR 259,000. They are available to buy with four payment plan options. The standard seven stage plan, allows the payments to be made at specific stages of the property development. An additional three options have been devised including – 100% payment upfront for a discounted price, 50% up front and 50% upon handover with a discount on the price, or 10% upfront and 90% upon handover.

Nasser bin Masoud Al Sheibani, CEO of Al Mouj Muscat, said: “With the launch of Ghadeer Parks we have created a place where people can not only live an urban lifestyle but enjoy the unique spaces that allow for social interaction between residents as well as the opportunity for a more healthy and active life. Ghadeer Parks is meters away from a planned central park, toddlers park, a community hub, Masjid, community pools and proposed international school which makes it a prime example of our commitment at Al Mouj Muscat to provide both residents and local community unparalleled experiences.”

Ghadeer Parks has an urban design incorporating unique characteristics combined with landscaped creeks and a central lake. It is providing access to a living space conducive to a healthy lifestyle, as well as dynamic family living. Ghadeer offers access to world-class amenities at the destination including Al Mouj Golf, Al Mouj Marina, luxury hotels, as well as The Walk with over 70 shopping and dining outlets.

Residents of the Ghadeer Parks enjoy controlled access to the community with high security and safety for ideal family living. The area is pedestrian friendly offering play and fitness spaces, shaded seating, gathering areas, open space network linking across the development and a public realm – reflects the Omani nature of trees and Falaj waters. Accessible from November 18 street via main entry and secondary access from western entry.

It worth highlighting that Oman’s population has grown significantly over recent years, driven primarily by exceptionally strong growth of the expatriate population, with an expected average growth rate of around 1% year-on-year from 2020. This growth trend, combined with the increased urbanisation of the young population, is driving demand for owner-occupied residential units, and small-sized units in particular. Al Mouj Muscat developed Ghadeer Parks Townhouses, which will be handed over in the next 12 months, as a direct result of market demand.

About Al Mouj Muscat

Al Mouj Muscat is the Sultanate’s lifestyle and leisure destination and is a unique public-private venture between the Government of the Sultanate of Oman and the UAE-based Majid Al Futtaim Properties.

Spread along a stunning 6 km stretch of Muscat’s coastline, this world-class Integrated Tourism Complex comprises a group of luxury residential properties including Villas, Townhouses and Apartments, commercial units, retail and dining facilities and Oman’s only signature designed PGA Standard 18-hole links golf course, designed by Greg Norman. Al Mouj Muscat is also home to the 400 berth Al Mouj Marina, Oman’s largest private yachting hub and The Walk, a 70-unit retail area which forms the commercial and leisure hub of the community. Most recently Al Mouj Muscat launched Muscat’s first public square, Marsa Plaza – a leisure destination and gathering place for residents and visitors, and an arena for live performances and community events.

Al Mouj Muscat is also home to the first Kempinski hotel to launch in Oman, as well as 4-star hotel, Mysk Al Mouj.

Al Mouj Muscat is a phased development which provides a world-class lifestyle destination. The next phase of development will see even more residential leisure and hospitality offerings.

About Majid Al Futtaim

Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.

A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to create ‘great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing 40,000 people and obtaining the highest credit rating (BBB) among privately-held corporates in the region.

Majid Al Futtaim owns and operates 23 shopping malls, 12 hotels and Four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 38 markets across Middle East, Africa and Asia, and operates a portfolio of more than 230 outlets in 14 countries.

Majid Al Futtaim operates more than 300 VOX Cinema screens and 32 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, Orbi Dubai and Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, ALLSAINTS, lululemon athletica, Crate & Barrel and Maisons du Monde; and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.

www.majidalfuttaim.com

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