Muscat Bay, the latest premier resort village in Muscat, Oman, has formed a partnership with Coreo, a leading real estate company based in Doha, Qatar. Khalifa Al Misnad, Founder of Coreo, and Paul Jessup, Vice President of Sales and Marketing of Muscat Bay, agreed the strategic alliance to introduce the Qatari market to new, innovative lifestyle and investment opportunities in Oman.
The Founder of Coreo is a self-proclaimed adventurer with a love for Oman’s natural beauty and outdoor lifestyle. The Muscat Bay project’s vision is to foster a new way of living in Oman and is located in a truly breathtaking setting on the shores of the Arabian Gulf.
Khalifa Al Misnad said: “I was impressed with Muscat Bay’s exotic natural surroundings; especially in light of the fact of it being so close to Qatar and the center of Muscat. You don’t have to travel so far to experience something you would normally expect from a luxury destination further afield. Muscat Bay itself is possibly the most complete resort village offering in the region which we believe, with their highest quality fit out and low density build, as well as 5 star amenities and Jumeirah hotel, will be highly attractive to both Qataris and expats living in Doha.”
Paul Jessup said, “Coreo’s holistic agency approach naturally fits with Muscat Bay’s end to end lifestyle–investment solution. Oman also offers the most secure freehold title agreement in the region in the fastest tourism growth destination in the GCC. With the lowest number of properties being offered in any single market in the region, buying in Oman, whether investment or as a lifestyle choice, seems to be the smart choice at this time. It also helps that Oman continues to be a peaceful, happy nation with incredible natural beauty and welcoming national character”.
Coreo is a well-established real estate agency in Doha, providing a wide range of services in Qatar including: rentals, resales, relocation, property marketing, property management and business consulting. Renowned for impeccable customer service and representing many luxury developments in Qatar, the real estate company’s new addition of Muscat Bay properties to their portfolio provides a fresh offering for their clientele. The partnership ensures Qatar based patrons’ investments are easy and convenient with guidance provided by Coreo.
Nestled between Al Hajar Mountains and looking out onto a pristine secluded bay, Muscat Bay captures the charm and character of Oman, influenced by natural surroundings, a tranquil lagoon and a unique community spirit. Despite feeling like a remote Indian Ocean island retreat, Muscat’s city centre is only 15 minutes away; with Oman’s main international airport just a 30 minute drive away, making the entire journey from Qatar airport to Muscat Bay only two hours. With 260 Phase One residences scheduled for completion in 2017, Muscat Bay will be home to a limited number of exclusive residential units, including spacious villas, stylish townhouses and luxury apartments, alongside two five-star hotels by the region’s leading operator Jumeirah. A Village Square will sit at the heart of the development to offer an array of community services, providing convenience for residents and cultivating a harmonious community for likeminded people.
Muscat Bay is located at the heart of innovation in Oman with the delivery of new key infrastructure including a new airport, convention centre and several luxury hotel brands like Jumeirah, Kempinski and Marriot. A solid amount of Phase One residences have been sold to date, due to the short supply of quality Integrated Tourism Complex’s (ITC) available. The global standard resort village provides excellent investor benefits due to the high quality, low supply of properties, strong rental yield and capital growth opportunities, presenting a secure and highly attractive proposition for both investors and homeowners.
Whether for investment, renting or holiday home purposes, the investments in Muscat Bay as a result of the partnership with Coreo will strengthen the ties between Oman and Qatar. Increased travel and investment between the countries will help boost their economies and be equally profitable.