Real Estate Omani developer reveals Muscat mixed-use project By Gavin Gibbon March 3, 2024, 6:55 AM Anfal Shamsudeen/Unsplash The plan from Al Fayha is the second mixed-use development announced for Muscat in a matter of days Al Fayha’s 13,000 sq m project Includes Smart Home development Signs of resurgence in sector The Omani developer Al Fayha United Development company has launched a 13,000 square metre mixed-use project in Muscat. The Smart Home project in Al Ghala Heights, opposite Madinat Al Irfan, will include an apartment building comprising nine floors and a penthouse. Sheikh Saud bin Hamad al Ta’i, chairman of Al Faiha Development Company, said residential units will employ remote-control features alongside artificial intelligence, while “smart” amenities will include childcare services, a private cinema for residents and laundry and taxi services. “This combination of comfort and technology aims to create a sustainable and secure environment for all residents,” he said. Omani contractor signs tower deal for billion-dollar project Trump still has ‘big pull’ for $2m branded villas in Oman Muscat airport passenger traffic climbs 19% The development will also have a shopping mall covering 5,000 square metres, restaurants, a temperature-controlled swimming pool and health club as well as office space. CEO Tariq bin Mohammed Al Farsi said: “The mall, offices and residential units will be interconnected to form an integrated environment and an attractive place for living, working and shopping under one roof.” It is the second mixed-use development announced for Muscat in days, after the Omani conglomerate Tawoos Group announced a deal to build two mixed-use towers in the sultanate’s billion-dollar Al Khuwair Downtown Project. Oman’s real estate sector is showing a resurgence as a result of an increased expatriate population. A report from Savills revealed that the country’s expat popuation grew by a third in the eight months from 1.6 million in September 2022 to 2.2 million in May last year, the highest that the expatriate population had ever been.
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