The Wave, Muscat hands over 100th home
Muscat, May 25, 2009
The Wave, Muscat has handed over the keys of its 100th home to the Kalwani family in a ceremony presided over by the Indian Ambassador Anil Wadhwa.
“The Wave, Muscat is the first major integrated resort and residential development undertaken in Muscat and the first project launched in Oman to offer freehold status to all purchasers both nationals and expatriates,” said the Indian Ambassador.
“Oman is home to more than 500,000 Indians and having their own home at The Wave, Muscat is like having a home at their dream destination.”
“This is a significant milestone for the project. We are now handing over the keys of several properties each week to our customers,' added Nick Smith, CEO, The Wave, Muscat.
'Over 800 properties in the sectors released to date have been sold and sales so far have exceeded $500 million.'
This award winning project is being developed through a joint venture comprising Oman’s Waterfront Investments (representing the Government of Oman), National Investment Funds Company (representing Omani Pension Funds), and the UAE-based Majid Al Futtaim Group.-TradeArabia News Service