MUSCAT — The 3rd ‘Baituna Souq’ organised by BankMuscat highlighted Oman as a unique investment destination as leading real estate and property developers promoted premium residential and commercial projects in the 3-day exhibition held as part of Muscat Festival at Qurum Natural Park. The Ministry of Housing also participated in the exhibition, reflecting the government’s commitment to providing all support to citizens in acquiring their dream homes.
Hussain Baqer, Head — Retail Assets Sales, said, “Against the backdrop of the global financial crisis, the hosting of ‘Baituna Souq’, which brought together all stakeholders, revealed the confidence in the Sultanate’s economy and its future. With tailor-made financial solutions, ‘Baituna Souq facilitated and improved the prospects of finding a new home for many.”
Hussain Baqer added, “Complementing government efforts, BankMuscat remains committed to facilitating a home for every Omani. All the participating real estate and property developers have long association with BankMuscat's Baituna home finance. “Baituna home finance facilitates purchase and construction of new homes as well as land for residential use. Finance is offered to Omani nationals, GCC nationals and expatriates. The bank also undertakes refinancing of housing loans.”
Saleh Said al Siyabi, Senior Manager, Sales and Leasing, The Wave Muscat, said, “We are glad that BankMuscat took this initiative to host this event, which is sure to boost investor confidence in the real estate sector. The 3rd Baituna Souq was a great opportunity to connect with the Omani community and visitors to Muscat Festival. The Omani real estate market is reviving at a steady pace. In the near and long-term perspective, Oman is an attractive investment destination. We are extremely happy about the outcome of the exhibition in which all the leading real estate and property developers participated under one roof.”
Glenn Meek, General Manager of Betterhomes, said: “the 3rd Baituna Souq was yet another confirmation of the confidence prevailing on the Sultanate’s economy in general and the real estate market in particular. Notably, aspiring home buyers are confident and are investing in quality properties. Oman’s integrated tourism projects have set the benchmark for quality living and property developers are replicating the same quality standards.
The banking support is key to promoting the real estate sector and BankMuscat has taken the lead role in rejuvenating the real estate sector. The market confidence was the biggest message emanating from Baituna Souq. A number of young Omanis made enquiries on upcoming projects, which indicated the confidence on the future of Oman.”
Mohammed al Zedjali, Head of Sales — Property Division, Sohar International Development and Investment Company, said, “Baituna Souq was unique in the services offered to customers interested in properties from leading real estate and property developers. The real estate market in Oman is witnessing a revival of interest and there is increasing activity as investors are finding real good value in properties. The BankMuscat support to the real estate market is commendable.”