The Wave, Muscat first waterfront apartments almost sold out

Wednesday 10th, September 2014 / 22:39 Written by Lakshmi Kothaneth

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120 luxury apartments at the edge of Almouj Marina -

By Lakshmi Kothaneth -

MUSCAT — The sales percentage of Marsa One Apartments at The Wave, first of its kind in Oman, reached 92.5 per cent so far since the launch in October 2012.
There are approximately 22 nationalities who have purchased at the Marsa One Apartments precinct; being led by Omanis as the major investors in this marina. According to the project officials, there is a rapid increase in demand from international buyers looking for a safe and stable haven for their investments as well as from those seeking secondary or holiday homes.
The Marsa One Apartments project of 120 apartments is expected to be fully completed by May 2015 as construction started in June 2013.
According to the management of the project, the first ITC in Oman has built a strong reputation on the market locally and internationally as an investment destination, which has a very good return with its high quality standards and commitment to deliver.
“Marsa One is our first of its kind waterfront apartments to be launched in Muscat; forming a part of the newest residential area at The Wave, Muscat. Among the major factors that attracted customers to invest in these properties is the prime marina-front position, giving owners and residents a piece of the ideal marina lifestyle,” explained the official.
The Wave, Muscat opened the registration for Al Marsa One apartments in October 2012 as the latest addition to the residential portfolio at the development.
Every Marsa One apartment has a balcony with marina or village views. The apartments are designed with ten different configurations to allow purchasers choose from, ranging from 90 sq m to 248 sq m.
Al Marsa Village will also be home to the next retail development at The Wave, Muscat and will be located adjacent to the four-star Marina Plaza Hotel and close by the five-star The Kempinski Hotel.
The commercial and tourism hub of The Wave, Muscat that is being created at Al Marsa village will have luxury residences, commercial and retail outlets and Almouj Marina. According to the officials, “Buying here is buying a part of the high life.”
The Wave, Muscat is a unique public-private venture between the Government of the Sultanate of Oman and the UAE-based Majid Al Futtaim Group.
Spread along a 6 km stretch of Muscat’s coastline, the community comprises luxury residential properties, retail and dining facilities and Oman’s only signature designed PGA Standard 18 hole links golf course, designed by Greg Norman. The Wave, Muscat is also home to the 400 berth Almouj Marina, Oman’s largest private yachting hub.
The next phase of development will see four luxury hotels and a 40-unit retail area at the marina village, to form the commercial and leisure hub of the community.