|Oman Property Guide: Developments|
Focus on new Developments
With modest oil reserves, Oman has moved to a non-oil based economy mainly in manufacturing and trading. The Ministry of Commerce & Industry, which oversees the Directorate of Tourism, has identified the tourism industry as a critical sector for growth with a direct impact on the country's economy. Tourism currently accounts for 0,8 percent of the country's GDP, with aims to increase the contribution to 5 percent by 2020. The tourism indrustry is also one of the largest employers of the local Omani workforce.
Al Mouj Muscat - Property for sale
The relaxed Arabian state of Oman, voted 'destination of the year 2008' by Vogue magazine, has long been a popular holidaying destination for people living within the GCC. With a population of around 2.3m, Oman is being modernised and liberalised culturally and economically by hereditary Sultan, Qaboos Bin Said Al-Said, a forward-thinking leader. Sultan Qaboos strategy for economic growth - Vision 2020 - aims to diversify Oman's economic dependency on oil, and focus on other industries, such as property and tourism. Demand for property in Oman is primarily being driven by the Sultan's decision to introduce legislation in 2004 - ratified in 2006 - permitting foreigners to buy freehold property and land in designated tourist areas, most notably Muscat. These projects are referred to as Integrated Tourism Complexes (ITC). Furthermore, foreign homeowners can now apply for residency visas.
Real Estate Agencies in Oman
Al Mouj Muscat
Al Mouj Muscat is Oman's premier project offering freehold status to all purchasers - Omanis, GCC nationals and expatriates alike.
Saraya Bandar Jissah
Saraya Bandar Jissah is developed around a man-made lagoon including a variety of small water falls and rock fountains.
* Elite villas with stunning sea views located on top of a cliff.
* Villas surrounded by water creating an island like feel.
* Stacked duplexes and villas spread across the valley.
* 5 Star Hotel with 61 accommodation options made up of suites, serviced villas, and a private pavilion, located right on the beach. The facilities include a spa, gym, cocktail lounge, coffee shop, and pool side coffee shop.
* 5 Star Hotel with 214 rooms, also located right on the beach. Containing 2 coffee shops, 2 specialty restaurants, 1 theme restaurant, a cocktail lounge, 2 pools, a pool bar, and meeting rooms and ballrooms.
Recreational & Commercial Island:
* Convenience store.
* Social club.
* Sports amenities.
* An archaeological ruin available on the site has been preserved and will be the focal point of a village that will include souvenir shops, entertainment activities, and fine dining restaurants.
Located 45km away from downtown Muscat, Jebel Sifah is set on 6.2 million square meters site with a 5Km long beachfront stretch and a backdrop of the majestic Hajjar Mountain range. The project will have a marina that can house 200 boats, and four hotels planned for the site along the beach front of Jebel Sifah. Each hotel, in addition to the main hotel building will have approximately 50 luxury villas.
The project is our joint-venture with Orascom Hotels & Development, a leading development company specializing in the development of premium world-class tourist destinations in an environmentally-friendly and culturally-conscious manner. Orascom Hotels & Development is firmly committed to the long term sustainability of its towns.
* 4 Hotels
* 500 apartments
* 450 villas
* Marina & Golf Course
* Public recreational facilities
Located southeast of Muscat, Salalah lies in Oman's Dhofar region and is famed for its frankincense, camels and the annual Khareef season (monsoon). Salalah Beach, which is 20km away from Salalah Airport, spreads over an area of 15.6 million square metres of which only 9.5 million square metres will be developed, leaving large stretches of open space and natural splendour intact and available for your pleasure and enjoyment.
Ras Al Hadd
Oman, home to more than 10,000 green marine turtles and the highest nesting population in the Indian Ocean, is one of the rare places in the world with breeding and nesting grounds for turtles. The ancestors of these turtles have lived in these waters for more than 7,000 years. Around Ras al Hadd, one of the beaches where the nesting takes place, is the Ras Al Junayz sanctuary on the Arabian Sea.
The Salam Yiti development will convey the true essence of Oman, harnessing the beauty of the area and offering long stretches of beaches set against an impressive mountain range. It will be a perfect escape for international and regional tourists as well as second home owners in search of tranquility, wellness and relaxation. The architecture is inspired by Oman's traditions and culture and designed in harmony with the surrounding ecosystems.
* 5 star beach resort hotel – 300 rooms
* 5 star deluxe beach resort and spa – 150 rooms
* 5 star luxury mountain hotel – 150 rooms
Recreational & Commercial:
* Souk retail complex – 25,000 sq. m. GFA
* Marina – 150 berth
* Beach & Marina Club
* Marine life/Eco-Center
* Central utility infrastructure complex
* Community facilities
* Signature Championship golf course designed by Robert Trent Jones II – 18 holes with a clubhouse
SEE ALSO: Qatar Property Guide