MUSCAT: The real estate sector in Oman is back in the limelight beating the Covid-induced uncertainties and it is showing strong signs of sustained growth, according to a top property expert.
Mohammed Al Khonji, Chairman and CEO of Al Khonji Real Estate & Development (AQAR) said the return of the real estate sector post the pandemic will be strong. “The return of the real estate sector will be strong and fast post Covid. I strongly feel this is the right time to invest in real estate,” Al Khonji said.
On Wednesday, AQAR launched its high-end integrated residential complex (Rimal 2), located in Bausher, as an extension of Rimal 1.
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Speaking about the property prices, Al Khonji had this add: “We thought the land prices would fall with Covid crisis but prices were only slightly affected.”
Rimal 2 project, according to Al Khonji, is being built on a building area of 40,000 square meters, nearby the attractive dune of Baushar, which offers enjoyable opportunities by the natural sightseen.
“There is no doubt that the company’s success of Rimal 1 and the great demand that it has received, as its units were sold within two weeks of its launch, was considered as a great incentive for us to launch our new project, Rimal 2,” he added.
Rimal 2 includes 148 residential units of different sizes, allowing multiple options for all nationalities who would like to own state-art integrated property, while AQAR keens to provide all the required services and facilities that serve the residents of the project and of the surrounding area.
