Sector one of The Wave, Muscat, complete

6 August 2009

The Wave, Muscat, has completed sector one, featuring 133 villas and 130 townhouses, all of which are now either occupied or are ready to move in to.

The residential properties are among the first to be available for sale on a freehold basis following a royal decree issued specifically for the The Wave, Muscat in September 2006. Construction work on the multi-award winning development, which offers a fusion of Omani and European styles, got underway in April 2007.

Over 800 homes have already been sold for a combined amount of around £300m.

Nick Smith, CEO of The Wave, Muscat, said: “It’s a terrific achievement to complete sector one and it encompasses everything we wanted with The Wave. It has its own community, a feeling of exclusivity, an extremely high standard of design and development and a great quality of life.

“Of course, it’s also a great chance for us to show that there is still a market for high end Middle East residential development. We have handed over more than 200 homes to date and have an occupancy rate of well over 70%.”

See Also:   Marc Da-Silva, Oman, The Wave, Muscat