Al Mouj Muscat announces launch of Murooj Lanes
Mixed-use waterfront development anticipates strong demand for Phase One units, despite impact of COVID-19 on economy
Al Mouj Muscat has announced the launch of Murooj Lanes, a new residential neighbourhood located within the popular Ghadeer District.
A public-private venture between the Omani government and the Dubai-based Majid Al Futtaim Properties, Al Mouj Muscat has said that it anticipates strong demand for Phase One units of the developments, due to the attractive rates on offer.
Prices for studio apartments start from $137,301 onwards, while a three-bedroom townhouse that features modern designs, spacious layouts and great views, has rates beginning from $401,539 onwards.
The mixed-use waterfront development offers residents a luxury lifestyle and leisure destination in the heart of Muscat. The Murooj Lanes is located close to the marina and championship golf course, and is within easy walking distance of The Walk, another prime retail and hospitality destination in the Omani capital owned by Al Mouj Muscat.
In addition, there are community facilities including a school, nursery, masjid, beach and parks, swimming pools, gyms, cycle and jogging paths within the community.
Speaking at the launch, CEO Nasser al Sheibani said: “I am excited to announce the launch of Murooj Lanes, a beautifully crafted residential neighbourhood with contemporary urban design combined with natural landscapes, open spaces and recreational amenities – a place where people can enjoy a perfect day, every day.”
“Despite the impact of Covid-19 on the overall economy, we have a strong belief that Murooj Lanes will receive an enthusiastic response from the market. This is because Al Mouj Muscat has a track record for creating pioneering places and products where people’s needs are at the heart of the development process and Murooj Lanes is no different,” he stated.
Also, the Al Mouj Muscat has several attractive schemes for the investors such as the one wherein the buyer has to pay a 5% deposit to reserve a property off-plan and then make the payments on flexible terms, he added.