Luxury mixed-use development opens for freehold investment in Madinat Al Irfan at Muscat Hills

February 21, 2019

Owning a prized piece of Muscat real estate is now an exciting reality for home buyers and investors, regardless of their nationality. Boulevard Tower, a splendid mixed-used community, set in the heart of the capital’s prestigious Madinat Al Irfan at Muscat Hills neighbourhood, is nearly ready for occupation on a freehold basis.

High-end in design and construction, ultra-modern in technology and amenities, and vibrant in its communal settings, the property’s 176 residential apartments and 15 retail offerings also come with a solid value proposition for those seeking a high return on their investment.

Boulevard Tower is the latest venture of the well-known property developer ASAS Oman Group. The company has appointed leading Omani real estate brokerage firm tibiaan properties as the exclusive agency in the marketing of the project to local and international investors in an agreement signed by Sheikh Abdullah Al Khalili, Director – ASAS Oman Group and Mr. Fahad Al Ismaili, CEO – tibiaan properties.

To invest in Boulevard Tower is to be part of one of Muscat’s most sought-after addresses. The centrepiece of the signature real estate development is a strikingly designed seven-storey tower set on a 5,137 sq metre plot within Madinat Al Irfan at Muscat Hills. It features an array of one, two and three-bedroom apartments superbly furnished and fitted out keeping in mind the discerning needs of individuals, couples and families as investors or tenants. Conceived as a safe and secure yet vibrant residential enclave, the property comes with, among other amenities, a temperature-controlled swimming pool, gym, children’s play area, concierge, reception area and communal garden.

All apartments are finished to a high specification, both in terms of materials, finish and appliances. Solid beech wood main doors, ducted air-conditioners and luxury fitted bathrooms lend an element of sophistication to the apartments. Technology and convenience comes in the form of modern appliances including a cooker, hob, extractor, fridge/freezer and microwave oven.

Equally investment-worthy are the project’s 15 retail offerings, all of which are accessible from the development’s distinctive Boulevard setting – an avenue of chic cafes, restaurants and branded outlets. 

Sheikh Abdullah Al Khalili, Director – ASAS Oman Group, added, “With the signing of this agreement with tibiaan, we are happy to enlist the expertise of a strong and proven market player in the marketing of Boulevard Tower to prospective customers in Oman and beyond.  Boulevard Tower is targeted at those who wish to make a lifestyle choice that combines high quality of living space and modern amenities with an address that is truly distinctive.”

“We are delighted to obtain the sole rights to market this stylish new ITC in Muscat,” said Mr. Fahad Al Ismaili, CEO – tibiaan properties. “It attests to our growing reputation as a world-class provider of real estate brokerage and property management services to this rapidly growing economic sector. Boulevard Tower will soon be ready for occupation and we look forward to commencing sales for this superb property very shortly.”

Adding cachet to the property’s appeal is its unrivalled location. Built on a hillock that constitutes part of the master-planned Muscat Hills development, Boulevard Tower affords spectacular views of the picturesque suburbs laid out around Muscat International Airport. It also lies within easy proximity of some of Muscat’s biggest landmarks in the Airport Heights district, notably the 18-hole golf course of Muscat Hills, the magnificent Oman Convention and Exhibition Centre, the awe-inspiring future Madinat Al Irfan City – billed as the new downtown – and a host of new lofty ministry buildings and corporate headquarters. 

Notwithstanding the upscale features of this charming property, Boulevard Tower is eminently cost-competitive and thus within reach of interested investors with the aspiration to own a choice piece of Muscat real estate. Its ITC status means that even non-Omani investors of any nationality can acquire 100 per cent ownership of their holdings in this project.