19/02/2010
First Apartment Owners Make The Wave, Muscat Home and Destination of Choice
Muscat, February 2010 – The Wave, Muscat, the Sultanate’s premier real estate developer, has announced that the first apartment owners in Al Marsa Village have now made one of the most anticipated and highly reputable properties in the vast urban development project their home.
The moving of the first residents marks a number of new developments taking place at The Wave, Muscat as the project advances at an exceptional rate. Two apartment owners have already settled in their new residences to date, and a constant flow of residents are expected to follow suit in the coming months.
Michael Lenarduzzi, CEO, The Wave, Muscat said, “As we expand our portfolio of properties with focus on attractive investment opportunities, we continue to rely on up-to-date market trends, constant innovation and our in-depth understanding of the needs of the local and regional market.”
He added, “With the handover of the first apartments and a number of construction efforts currently underway including Al Marsa Village, Greg Norman Links golf course, we are not only witnessing the residential community come to life but the birth of a new era for integrated tourism complexes in the Sultanate.”
Hans Erlings, one of The Wave, Muscat’s first apartment residents expressed, “A number of factors have drawn us to The Wave, Muscat ranging from its strategic urban location and marina to free hold property ownership and residency visas. I am also looking forward to future hotels and shops which will add more vibrancy to Al Marsa Village.”
Built with meticulous attention to detail, the finished apartments offer a number of different interior design options and spacious quarters, with a unique combination that blends modern and contemporary living with traditional Omani elements. The several apartment category options suit every lifestyle from business to leisure.
Al Marsa Village provides a charming and safe community-based lifestyle and is expected to be a local attraction, with unparallel marina and sea views and an abundance of shops, restaurants and cafes all in close proximity. In addition, generous patio spaces, that blend Omani and European architecture, green landscaped courtyards boasting a private swimming pool, are all defining features of these modern apartments.
Supported by the Sultanate’s new foreign ownership laws, foreign investors are entitled to purchase freehold properties at The Wave, Muscat and non-Omani buyers can also apply for a residency visas when purchasing property, an important element for foreign investors and potential residents looking to make Oman their home. The Wave, Muscat is expected to release new properties in the market for immediate sale in the form of apartments and town houses located in Al Marsa Village by the end of this month.
A forming landmark on the Omani real estate development scene, The Wave, Muscat offers some of the most luxurious accommodation in the region, with more than 4,000 properties spread out over more than 2.5 million square meters overlooking the Arabian Sea.
Today, multiple winners of the CNBC Arabian Properties Awards and Homes Overseas Award for The Best Apartment Design and Luxury Development continue their expansion with focus on quality and timely delivery, as it sets new benchmarks in the local real estate sector.
Apartments Handover - Arabic.pdf
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