Muriya, Bank Muscat sign mortgage financing deal

Business Tuesday 08/November/2016 17:48 PM
By: Times News Service
Muriya, Bank Muscat sign mortgage financing deal

Muscat: Muriya, Oman’s leading ITC developer, signed an agreement with Bank Muscat, the flagship financial services provider in the Sultanate, to provide prospective homeowners and investors with its home financing solutions when purchasing property at Jebel Sifah’s newly launched Golf Lake residences.
Under the agreement, Omanis and expatriates interested in the premium real estate development will be able to avail themselves of the bank’s home financing products and acquire tailored mortgage terms from any of its branches in the Sultanate.
“As the flagship financial services provider in the Sultanate, Bank Muscat is proud to join Muriya in offering cost-effective mortgages to prospective home owners. From the outset, we have been committed to supporting Omanis and expatriates, with this latest agreement bringing us closer to our objective of facilitating a home for every family. Easy, convenient, and attractive, these home finance solutions will make their dream homes a reality,” said Abdullah Tamman Al Mashani, DGM - Institutional Sales and Product Development at Bank Muscat.
“Our partnership with Bank Muscat is an important milestone that will allow even more families, investors and visitors to acquire their apartment of choice in Golf Lake. Throughout the development of our Jebel Sifah destination, we have strived to identify opportunities to make property as accessible as possible and with this agreement, are once again putting the needs of buyers first by enabling them to access the most cost-effective mortgages on the market,” said Ahmed Dabbous, chief executive officer of Muriya.
Overlooking Jebel Sifah’s dedicated 9-hole Harradine golf course, Golf Lake is a residential property that will comprise 14 buildings and 118 one and two-bedroom apartments upon completion. Launched in October 2016, the new neighbourhood is currently open to buyers at competitive prices starting from under OMR 40,000.
Meticulously designed with breath-taking views of the Arabian Sea and Al Hajjar Mountains, each unit features grand terraces, an open-plan kitchen area, ensuite bathrooms in addition to top quality fixtures and finishing. The freehold properties come in a variety of sizes with ground floor gardens and roof annexes in some units.
The project also includes a variety of leisure facilities homeowners can enjoy, such as the 2,400 square metres oasis style water feature with an integrated infinity pool, a 700m jogging track, a barbeque area and children’s playground. Residents will also have full access to Jebel Sifah’s growing range of retail, leisure and hospitality amenities.
Since breaking ground in 2008, Jebel Sifah has steadily grown into a contemporary expression of Oman’s ancient heritage and culture. A burgeoning community that boasts a wide variety of freehold properties, restaurants, shops and first-class entertainment facilities.
The destination is also home to the Four-Star 67-room Sifawy Boutique Hotel, the first of five planned exclusive hotels. The destination is widely regarded as one of the Sultanate’s premier destinations, with new facilities constantly added to meet the evolving needs of its residents, visitors, and tourists.