Office prices start at $102,597
Property development and investment firm Gulf Muscat United has launched sales of office space within its iTower development in Oman.
The seven-storey 17,454 sqm development located in the Bausher area of Muscat will consist of 71 offices ranging from 42 sqm to 1,550 sqm, three levels of underground car parking and restaurants and shops on the ground floor.
Prices of office units start from OMR 39,500 ($102,597) and have a projected handover date set at early 2018.
The iTower has a focus on ‘smart’ design, with energy efficiency set to be achieved by thermal insulation and airtight construction methods used in the facades.
“The iTower was conceptualised to be the smartest office tower in Oman, allowing SMEs and corporates freehold ownership of their own office space, versus the ongoing costs of renting,” said Mehdi Borhani, chairman of Gulf Muscat United.
“The availability of quality office space in Muscat is very limited, and the opportunity to enjoy freehold ownership for commercial office space even more limited. The central location of the iTower in Bausher is the perfect location for office professionals, this area is rapidly taking shape as the new downtown for Muscat.”
Gulf Muscat United also signed a contract with Sheikh Nasser bin Mohammed Al Hashar, Vice Chairman of construction company Durat Al Sahil.
Borhani added: “We are very pleased to be working with Durat Al Sahil LLC as their projects around the Sultanate are a true reflection of their expertise and attention to detail. We are confident they will do an outstanding job to deliver iTower to our exacting standards.”