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Home / NEWS / First phase of Mazaya Residence 59% complete

First phase of Mazaya Residence 59% complete

by Rajiv Ravindran Pillai on Dec 20, 2017


The Mazaya Residence Project.
The Mazaya Residence Project.

RELATED ARTICLES: Kuwait-owned Mazaya Residence in Oman 30% complete | Kuwaiti designers named to work on Mazaya Downtown | Kuwait-owned Al Mazaya posts $23m net profit in Q3 2017

The construction works of Mazaya Residence Al Mawaleh, an integrated and mixed-use project in Al Seeb Area, Muscat, is 59% complete on the project’s first phase (ZONE 1) and its units are expected to be delivered in June 2018.

In addition, Mazaya Real Estate Development has laid the foundation and other necessary works for the second phase (Zone 2) and it is projected to be completed in early 2019.

Sheikh Mubarak Al Sabah, executive director of marketing and sales, said: “At Al Mazaya, we are keen to promote Mazaya Residence in Muscat as a living model to be copied for its quality, standard and professional work which has been our hallmark in all the projects launched by Al Mazaya on the various markets where we operate.

READ: Kuwait-owned Al Mazaya posts $23m net profit in Q3 2017

"We never compromise on quality and standards and our commitment to deliver final products on time.

"The construction and development work of all phases of Mazaya Residence is going on as per the plan," Al Sabah said.

Al Sabah added: “As part of our efforts to give customers an idea of what they are going to buy as their dream home, the company has prepared a fully furnished model apartment on the project site, in conjunction with Home Centre, the leading furniture brand in the GCC region.

"The apartment provides home buyers a first-hand experience in addition to the look and feels in terms of spaces available in the flat and furnishing standards that can be followed.

"The idea is to give property buyers a comprehensive picture of the apartments that will be delivered upon the completion of the project."

He added that Al Mazaya Holding seeks to promote sales and attract customers for the first phase of Mazaya Residence in order to enhance the company's investment portfolios in Oman, and consequently stimulate the development of the project's next stages.

He concluded that the Omani real estate market enjoys economic and social security and stability, which doubles chances of success in a way that promises more investment opportunities in various sectors in the future.

 



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