Oman launches Phase 2 of US$ 18.1 mn Areej Residential Community
Posted on 10th March 2017
Oman has announced the launch of the second phase of its RO7 million ($18.1 million) Areej Residential Community under its national mass housing scheme, said a report.
The project, spread over a 30,000 sq m area, is just a 15-minute drive from Muscat International Airport and Muscat City Centre and a 10-minute drive from Seeb Souq.
Its location near the German University of Technology and Sandan Industrial Park gives the project more uniqueness and investment value, reported Times Of Oman.
The first phase of the Areej Residential Community has been completed and all the units have been handed over to the buyers, it added.
The project is targeted at the middle income group, which constitutes a large segment of the population, said the report, citing a top official, according to Tradearabia news report.
"The architectural design of the villa project ensures all comfort, luxury and an enjoyable life for all residents," remarked Rashid Saleem Al Masalti, the CEO of National Mass Housing.
The project design combines modernity and originality. Each villa, which is priced at around RO85,000 ($220,048), stretches over 237 sq m and boasts spacious bedrooms, in-built kitchen cabinets, smart lighting for corridors and private parking.
The other key features of the project are a mosque, spa, kids’ zone, park, swimming pool and eco-friendly green space. The project is deu for completion in 2019.Back to all Construction News
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