Tuesday, April 14, 2015

Oman’s Luxurious Residential Property Sales At 'Saraya Bandar Jissah' Off To Start Despite High Demand

PREE RELEASE: As the first integrated tourism complex to launch in seven years Saraya Bandar Jissah, Oman’s most luxurious development project, entered the market last week with an uncertainty to how the market would react.

Commenting on the successful response received from prospective buyers, Sheikh Hamood bin Sultan Al Hosni, CEO of Saraya Bandar Jissah noted, "We at Saraya Bandar Jissah have been pleasantly surprised by the huge demand for properties and interest in the project.
In fact we have reassessed our goals for the remainder of 2014 and immediately released more stock to the market.”

Oman's USD600 million ITC project released the residential Zone Zaha to the market on 15 September. Properties have already been snapped up by owners and investors due to the desirable characteristics, idyllic location and investment potential offered by the development. The first residential zone to enter the market - Zaha - offers a mix of three and four bedroom villas, three bedroom duplexes and two bedroom apartments. Properties located within the Zaha residential zone are also in close proximity to the recreational club and boast a variety of picturesque views of the landscaped park, flowing lagoon and sweeping seascape beyond.

Sheikh Hamood continued, "Owners and investors throughout Oman and the GCC are attracted not only to the quality of the development and the relaxed lifestyle on offer, they also realise the potential for long-term investment as the market continues to gain strength. The property's stunning location is also unrivalled in the region, which complements their lifestyle expectations."

Saraya Bandar Jissah representatives have reported strong enquiry levels for the newly available residential properties and have fielded a large number of walk-in visits from prospective buyers and investors to their sales centre in Shatti Al Qurum, as well as responding to regional and international sales enquiries via their online portals.

"Residents of Saraya Bandar Jissah will experience luxurious community living with a contemporary edge, the thoughtfully designed master plan creates private and spacious living areas in the residences, while the community areas offer residents space and all the amenities needed." he added.

The integrated tourism complex, along with being one of the most sought after residential addresses in Muscat, is also an ideal location for residents to engage themselves in the location's captivating natural beauty. The Saraya Bandar Jissah development comprises 398 villas, townhouses, duplexes and apartments which are spread across five residential zones: Safa, Na'eem, Zaha, Nameer and Wajd. The ITC's primary market focus is within the Oman market with the buyers expected to be Omanis, resident expatriates and GCC nationals.

Saraya Bandar Jissah is being developed in a 50-50 percent partnership between Omran and Saraya Oman, and is located on the outskirts of Muscat on a secluded beach surrounded by the Hajar Mountains. The destination is being built over 2.2 million sq mt of land with an expansive beachfront aspect and a high point of 250m above sea level.

Saraya Bandar Jissah will be home to 398 exclusive residential units, spacious hilltop villas, stylish town-houses and luxury apartments - all with attractive waterfront and mountainside views. Scheduled for a grand opening in 2017, the development also incorporates two luxury hotels operated by the internationally-renowned luxury operator, Jumeirah hotels and Resorts. The hotels, each positioned on the beach, will offer tourists a distinctly Boutique or Resort experience, and will form the major leisure component of Saraya Bandar Jissah, providing their guests with a luxurious and relaxing home away.

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