By A Staff Reporter -
MUSCAT — bank muscat, the flagship financial institution in Oman, and luxury property developers, Badr Muscat Hills LLC, announced a partnership to offer favourable mortgage rates to buyers.
Said al Badai, DGM — Branches, bank muscat, and Yasir al Lawati, Director of Badr Muscat Hills, signed a memorandum of understanding (MoU) on rates at the bank muscat head office yesterday.
Said al Badai said: "We are glad to announce this partnership with Badr Muscat Hills. bank muscat has always been at the forefront of providing flexible financing solutions to its customers. In light of the current boom in the real estate sector, we are pleased to be able to
realise our customers’ ambitions of obtaining their dream home and investing in real estate."
The rates for Badr Muscat Hills reflect the flexibility needed by buyers combined with rates that reflect the current property market. With a market short of high-end property for investors and renters alike, the agreement will help bridge that gap. Badr Muscat Hills fills a hole in the market for comfortable residences for all sectors of the community looking for a special residential lifestyle.
After signing the MoU at bank muscat, Yasir was highly positive about the property, “With this agreement, Badr Muscat Hills is one step closer to bringing a contemporary lifestyle to reality. The show home is almost complete which will be a turning point for us as we will be able to offer the complete package to buyers.”
Savills Oman is the chosen real estate agents for the project and provide consultancy and agency services for Badr Muscat Hills. Managing Partner, Chris Steel, is very positive after the signing of the MoU with bank muscat, “We are nearing completion of the show villa and getting closer to an official launch of the property so this announcement comes at a perfect time. There isn’t a better time for buyers than now and there are no properties on the market that offer what Badr Muscat Hills does. As this is an ITC freehold development buying is open to all nationalities, as are the benefits that come with buying a high-end ITC development).
Badr (Arabic for full moon) is an exclusive residential development of residences under construction at Muscat Hills, the acclaimed golf course community. Each residence at Badr Muscat Hills has state-of-the-art features, contemporary styling and its own private pool. Only 20 properties will be available in this limited edition release, offering a unique lifestyle and investment opportunity for the fortunate few.
Badr Muscat Hills is an ITC (Integrated Tourist Complex) freehold development allowing non-Omani nationals to acquire a freehold property in the Sultanate of Oman. Freehold property owners are granted a residence permit for themselves and their immediate family members, subject to government regulations.