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Main page / News & Events / World news / Abraj Zumurud set to enter real estate market

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Abraj Zumurud set to enter real estate market


 
23.03.2009

Abraj Zumurud set to enter real estate market


 

Кyiv, 23 march - SV DevelopmentAbraj Zumurud LLC, a local Oman real estate property developer and construction owned company, will enter the market in the coming weeks with an exciting portfolio of low end affordable property solutions available to Omani and GCC nationals. The launch of sales for Abraj Zumurud 1, a nine-storey high residential building consisting of 34 two-bedroom apartments, 2 one-bedroom apartments, 4 retail/commercial units and 2 offices will be unveiled in the coming weeks by its exclusive selling agents, Elite Properties.

Mohammed Nassir al Saadi, Group Chairman at Abraj Zumurud LLC, said: "We are delighted to be launching this project with our exclusive selling agents, Elite Properties, who have been instrumental in delivering the sales and marketing platform for us at a time when the market is going through a property correction. We feel that the product, pricing and positioning of Abraj Zumurud 1 in Al Khoud, close by to Sultan Qaboos University will be an attractive purchase for it's buyers and offer an excellent return on Investment."

Will Blake, Chief Executive Officer of Elite Properties quotes "This is another example of our company's commitment to working with developers that share the same vision as us, 65 per cent of the Oman market is under the age of 30 with the majority of this generation not having the opportunity to get a foothold on the Oman property ladder. Abraj Zumurud 1 has the potential to change this, with local banks on board supporting the project with their mortgage lending facilities, we are confident that Abraj Zumurud 1 will be a sound investment for all to benefit from."

SV Development