Latest news with #AlMouj
Zawya
05-08-2025
- Business
- Zawya
Muscat's property market holds steady amid economic growth
MUSCAT: Oman's real estate market is showing signs of resilience and selective growth in Q2 2025, driven by solid economic fundamentals and consistent demand in premium segments, despite a notable drop in foreign direct investment (FDI) in real estate. According to Savills' Oman Property Market in Minutes – Q2 2025 report, the Sultanate of Oman's GDP reached RO 10.5 billion at the end of Q1 2025, marking a 4.7% year-on-year rise, fuelled by robust performance in the oil and gas sector and an 8% annual increase in the construction sector, which contributed RO 666 million. The report adds that inflation remained modest, at 0.82% as of June 2025. However, the positive macroeconomic indicators did not translate into a proportional rise in real estate FDI, which fell by 36.8% year-on-year to RO 653 million in Q1. Additionally, data from the Ministry of Housing and Urban Planning showed the total value of property transactions reached RO 1.36 billion by June 2025 — a 3.5% drop compared to the same period last year. While the number of contracts declined by 2.3%, the number of mortgages increased by 6.2%, suggesting greater reliance on home financing solutions, particularly in the mid-market segment. In the residential rental market, Al Mouj retained its dominance among 2-bedroom apartments, with rents averaging RO 709 per month. Qurum and Al Khuwair saw average rents decline to RO 393 (-13%) and RO 475 (-7%) respectively. Muscat Hills held steady at RO 350, indicating stable demand in that bracket. For larger properties, Al Mouj again led the 4-bedroom villa market with monthly rents rising to RO 1,400. Muscat Hills surpassed this with a 15% quarterly increase to RO 1,500 per month, pointing to its rising appeal. Madinat Sultan Qaboos remained stable at RO 1,000. In the office sector, Muscat's key business districts reported mixed rental trends. Rents in the CBD and Qurum held at RO 2.0 and RO 3.5 per sqm, respectively. However, Al Khuwair and Ghubrah witnessed declines to RO 4.5, reflecting intensified competition. Shatti Al Qurum bucked the trend with a modest increase to RO 6.3, cementing its reputation as a premium office location. Al Athaiba saw a slight dip to RO 5.5. Despite some soft spots, the overall market shows signs of stabilisation, underpinned by economic growth and targeted rental demand in high-end segments. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
24-07-2025
- Business
- Zawya
IHG Hotels in deal to open first voco resort in Oman by year-end
IHG Hotels & Resorts, one of the world's premium hotel companies, has signed a major agreement with Golden Group Holding, a leading business group in Oman, for the launch of the first voco resort located within the Al Mouj Muscat neighbourhood. Centrally located in the Omani capital's Al Mouj Muscat - a vibrant waterfront development known for its luxury residences, yacht marina, championship golf course, and high-end retail offerings - the new resort will cater to both leisure and business travellers. Its prime location offers easy access to Muscat International Airport and proximity to the city's cultural landmarks, making it a strategic addition to Oman's evolving hospitality landscape. Set to open in Q4, voco Al Mouj Muscat will offer 251 well-designed rooms and suites, along with five distinct dining experiences including an all-day dining venue, speciality restaurant and lobby lounge. IHG Hotels & Resorts, one of the world's leading hotel companies, has announced the signing of a management agreement for voco Al Mouj Muscat, a 251-key beachfront resort, which is set to open in Q4 2025. Centrally located in the Omani capital's Al Mouj Muscat neighbourhood, a vibrant waterfront development known for its luxury residences, yacht marina, championship golf course, and high-end retail offerings, the new resort will cater to both leisure and business travellers. Its prime location offers easy access to Muscat International Airport and proximity to the city's cultural landmarks, making it a strategic addition to Oman's evolving hospitality landscape. Haitham Mattar, Managing Director, IHG Hotels & Resorts, India, Middle East & Africa, said: "We are delighted to bring the voco brand to Oman in partnership with Golden Group Holding. Al Mouj Muscat is one of the region's most exciting lifestyle destinations and we believe voco's distinctive charm and premium hospitality offering makes it a perfect fit for the destination." "This signing reflects our commitment to supporting Oman Vision 2040, by contributing to the country's tourism and economic diversification strategy," he stated. On the key partnership, Sheikh Salem Al Ghazal, Chairman, Golden Group Holding, said: "Partnering with IHG to introduce voco to Oman is a significant milestone in our journey to enhance Muscat's hospitality offering. voco's blend of informal charm and global quality perfectly complements the dynamic spirit of Al Mouj." "We look forward to delivering a hotel that embodies excellence, reflects Omani hospitality, and attracts travellers from across the globe," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( MUSCAT
Zawya
06-07-2025
- Business
- Zawya
Al Mouj Muscat launches Azura Beach Residences, Oman's first dual-frontage coastal community
Muscat - Al Mouj Muscat, Oman's premier lifestyle destination, has announced the launch of Azura Beach Residences, an exclusive new neighborhood within the prestigious West Point precinct of Al Mouj's Al Marsa District. Bringing together coastal inspired architecture and resort-inspired living in one of the most sought-after addresses yet, the limited collection is the first in Oman to offer dual-frontage homes with panoramic views of both the ocean and the marina, including direct beachfront access. Featuring just 309 homes, the Azura Beach Residences includes two apartment buildings with 286 one, two and three-bedroom apartments along with 23 four-bedroom, five-bathroom chalets each with a private plunge pool and three car spaces, each product offering a curated selection of layouts designed for discerning buyers seeking privacy and resort-style living. The homes are characterized by open-plan layouts and seamless indoor-outdoor living designed to capture natural light and embrace the panoramic vistas. Positioned over 19,500 sqm of absolute beach and oceanfront coastal land, Azura Beach Residences is designed to enrich daily life through a refined balance of space, comfort and earthy connection to the water and beachfront. Residents can unwind at a resort-style infinity pool, stay active in a fully equipped gym designed to promote health and wellbeing, then find calm and relaxation in a landscape amenities deck with an infinity edge pool and unobstructed ocean views to the horizon. The family has the choice to enjoy time across dedicated indoor and outdoor play areas. Completing the lifestyle offering are additional amenities such as a co-working lounge in addition to direct access to both the beach and the marina promenade. Nasser Al Sheibani, CEO of Al Mouj Muscat, said, 'Azura Beach Residences reflects our continued commitment to creating homes and places that are not only architecturally distinctive, but thoughtfully integrated into the lifestyle and fabric of Al Mouj Muscat. With its dual-frontage concept and elevated coastal setting, this new community introduces a way of living that is shaped by its surroundings; open, connected and in tune with the natural rhythm of the ocean. It is a response to what today's residents who are seeking: a place to call home, everyday conveniences, and a sense of belonging in a truly exceptional community.' Azura Beach Residences is offered with 100% freehold ownership for all nationalities, with residency eligibility extended to buyers and their first-degree relatives. As part of a precinct without an equal, the new neighborhood builds on Al Mouj Muscat's commitment to shaping communities that deliver long-term value for owners and investors, celebrate quality of place, and reflect a truly integrated way of life. Register your interest now at or call +968 24 53 44 44. Al Mouj Muscat invites you to explore a lifestyle that redefines luxury living and experience why it remains Oman's most prestigious lifestyle destination. About Al Mouj Muscat Life Inspired Al Mouj Muscat is a well-established master planned community and destination without an equal. It has redefined urban living in the region with an impressive portfolio of oceanfront, waterfront and urban residential properties, luxury and authentic hospitality, elegant Business Parks, award-winning architecture and well-designed landscapes. A warm and diverse community at the heart of Oman's capital, Al Mouj Muscat created a sense of belonging for 8,000 residents from 85 nationalities who now call it home. With a vibrant dining and retail district, residents and visitors alike are able to enjoy a wide range of culinary experiences in a lively oceanfront setting. Al Mouj Muscat provides an exclusive lifestyle that urges families and individuals to live life to the fullest, realize dreams, see more and live richer. For work or leisure, residents and visitors can stay, dine or relax at seven luxury hotels, including Kempinski and The St. Regis, experience boating in Oman's largest Marina, or awaken their sense of play at an 18-hole championship golf course that's one of the top middle east golf course and listed in the world's top 100. At Al Mouj Muscat, every moment spent, every opportunity explored, is life Inspired.
Muscat Daily
02-06-2025
- Business
- Muscat Daily
Sohar International, Al Mouj sign MoU for RO63mn credit facility
Muscat – Sohar International and Al Mouj Muscat have signed a Memorandum of Understanding (MoU) for a strategic credit facility agreement valued at RO63mn to Al Mouj Muscat. Structured as a combination of term and revolving loan facilities, the agreement provides Al Mouj Muscat with the financial flexibility to accelerate ongoing and future developments, enhance operational efficiency, and pursue strategic expansion. This support will not only strengthen Al Mouj's diverse portfolio of residential, commercial, and hospitality assets but also enable the delivery of elevated experiences that meet the evolving expectations of its community, investors, and partners. In a press statement, Abdulwahid al Murshidi, Chief Executive Officer of Sohar International, said, 'At Sohar International, we take great pride in actively contributing to the sultanate's infrastructure development, which is central to Oman's broader national growth agenda. Our support for Al Mouj Muscat visionary project through this strategic credit facility reflects our commitment to empowering landmark initiatives that drive economic diversification and position Oman as a leading destination for investment and tourism.' Nasser al Sheibani, CEO of Al Mouj Muscat, said, 'Since the inception of Al Mouj Muscat in 2006, we have shouldered a great responsibility to become Omans' premier waterfront development and also a benchmark project for integrated mix-use developments. This agreement with Sohar International is a testament to the strength of our financial position and a clear vote of confidence in our vision for the future of the project.' The credit facility also underscores the strength and maturity of Oman's banking sector, highlighting the power of national institutional collaboration in advancing economic diversification. With this agreement, Al Mouj Muscat reinforces its foundation to create long-term value and solidify its position as a dynamic hub for lifestyle, leisure, and investment in the sultanate.
Times of Oman
02-06-2025
- Entertainment
- Times of Oman
Celebrate Eid Al Adha with exclusive offerings at The St. Regis Al Mouj Muscat Resort
Muscat: The St. Regis Al Mouj Muscat Resort is set to celebrate Eid Al Adha with a collection of exclusive offerings designed to welcome the summer season in style and comfort. Renowned for its bespoke service complemented by timeless and elegant ambiance, the resort continues to be the best address for those seeking a refined escape along the Arabian Sea. The resort invites Omani nationals and local residents to indulge in a staycation that artfully balances relaxation and elegance amid the rising summer temperatures through a specially curated summer staycation offer, 'Rising Heat, Cool Retreat'. Guests can enjoy a stay in a Deluxe Room, available with options for single or double occupancy. Families are warmly welcomed, with children under 12 benefiting from complimentary breakfast and an extra bed at no additional charge. To enhance the sense of leisure, the resort also provides a complimentary late check-out until 8 PM, allowing guests to extend their time in the serene surroundings. Throughout the day, families are also invited to unwind by the pool, where curated amenities include playful floaters and beach toys for the little ones. A thoughtfully selected array of culinary offerings will be available throughout the day from gourmet hot dogs, artisanal pizzas, and shawarmas to fresh detox juices, popcorn, cotton candy, and handcrafted ice creams, ensuring indulgence for every member of the family. In addition to these experiences, The St. Regis Al Mouj Muscat Resort is preparing a range of culinary delights. At Zorba, guests can savor the traditional Greek delicacy 'Kleftiko Lamb' exclusively from June 6th to 9th, between 6:30 PM and 11:30 PM. This all-you-can-eat lamb kleftiko features slow-cooked lamb marinated in garlic and lemon, wrapped in parchment paper with vegetables for a tender and flavorful feast. Karibu offers a special Eid set menu which will be available in June from 5th to 7th, featuring a refined three-course meal. Beverages will be offered à-la-carte, while children may choose from the kids menu, ensuring a dining experience that caters to all ages and tastes. Additionally, the restaurant invites families to its 'Mommy and Me Masterclass' every Saturday in June from 4 PM to 5 PM. This hands-on session offers mothers and their little chefs the chance to bond over flour and fun, learning to mix, shape, and cook delicious flatbreads together—a joyful experience designed for making cherished memories. The St. Regis Al Mouj Muscat Resort remains dedicated to creating memorable experiences that combine the rich heritage of Oman with contemporary luxury. Complementing these offerings, the resort's Guerlain Spa offers signature packages designed to rejuvenate and pamper. The 'A Day for You' experience provides a personalized spa journey tailored to individual wellness needs, while the 'Pamper & Tea for Four' package invites small groups to enjoy luxurious treatments followed by a refined tea ceremony. These offerings reflect The St. Regis commitment to delivering exceptional moments of indulgence and tranquility.
