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Al Khonji reveals latest development

Muscat project to include offices, shops, a showroom and restaurants

Development is in the heart of Muscat
Development is in the heart of Muscat

Al Khonji Real Estate and Development LLC (Aqar) has announced the launch of its latest development.

The project is a mix of 58 super-modern offices, with additional shops, a showroom and restaurants in the heart of Muscat.

The office is located in Al Khuwayr, close to all the major highways, government ministries, major hotels, the Muscat airport and leisure establishments.

Chairman of Aqar, Mohamed al Khonji, said: "I am extremely proud of work achieved by the team so far, and look forward to the future development of this prestigious project.”

It is expected that the return on investment will be in excess of 10%, making the development an extremely attractive proposition.

The last project that Aqar undertook was the Rimal building, which has been sold off, with 75% of the property being transacted within two weeks. Khonji expects the new office to generate even higher levels of interest. 

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Latest Issue

Construction Week - Issue 738
Apr 21, 2019