Muscat, January 27th 2015 - The Wave, Muscat has released a new marina front apartment precinct 'Marsa Gardens', which offers 232 one and two bedroom apartments.

The release is in response to market demand for apartments from investors and owner occupiers wanting to secure a property in the vibrant integrated living space provided at The Wave, Muscat.

Located in close proximity to Almouj Marina and the forthcoming Kempinksi The Wave Hotel, the release of Marsa Gardens is aimed towards first-time buyers at The Wave, Muscat offering a variety of floor plan designs ranging from 80 to 191 square meters. 30 of the apartments are positioned overlooking Almouj Marina with a further 202 situated with views over the landscaped internal recreation space of the surrounding garden and village views.

Hawazen Esber, Chief Executive Officer at The Wave, Muscat, said, "Marsa Gardens has created a balance between the need to provide affordable options for an increasing demand for apartment living and increasing facilities and amenities within our buildings. This latest release is designed to complement the emerging marina precinct and leisure facilities that are available at The Wave, Muscat."

He added, "This new year release is the first of many to come throughout 2015, as Oman's first Integrated Tourism Complex (ITC) continues to evolve into a regionally benchmarked real estate development and touristic destination. Our new Master Plan precipitates a very busy year ahead with more premium property releases on the ocean front and beachfront villas in the coming months as well as the ongoing development of hotels and other mixed uses that will enhance the livability of the community."

Marsa Gardens enjoys easy access to The Wave, Muscat's leading leisure facilities; including the 400-berth Almouj Marina, the Sultanate's largest private yachting hub, Almouj Golf, the PGA standard 18-hole links golf course in the Sultanate, and an exclusive retail experience at The Walk.

The Wave, Muscat has sold more than 1,700 properties to date, and handed over more than 1,300 apartments, townhouses and villas to residents and investors. The vibrant waterfront community has become home to over 60 nationalities and 3,000 people.

The launch of Marsa Gardens follows The Wave, Muscat's announcement last week of a RO 75 million deal with a Bank Muscat property fund to develop a number of assets in the project for long term rental yield and capital growth.

About The Wave, Muscat
The Wave, Muscat, locally and internationally award-winning project, is the Sultanate's leisure and lifestyle destination and is a unique public-private venture between the Government of the Sultanate of Oman and the UAE-based Majid Al Futtaim Properties.

Spread along a stunning 6 km stretch of Muscat's coastline, this world-class Integrated Tourism Complex comprises a group of luxury residential properties including Villas, Townhouses and Apartments, commercial units, retail and dining facilities and Oman's only signature designed PGA Standard 18 hole links golf course, designed by Greg Norman. The Wave, Muscat is also home to the 400 berth Almouj Marina, Oman's largest private yachting hub and most recently The Walk, a 50 unit retail area which forms the commercial and leisure hub of the community.

The next phase of development will see luxury hotels, new residential leisure and hospitality offerings. The Wave, Muscat is a phased development which provides a world-class lifestyle destination.

For Media inquiries, please contact             
Shaza Taher
TRACCS Public Relations
Tel: +968 24 649-099
Email: shaza.taher@traccs.net

© Press Release 2015