Having completed nearly a month since its launch in April, the residential-retail venture that defines luxury, Lamar Bausher has been received with positive response and strong interest from potential homeowners.
With construction due to be completed in 2014, this development will consist of over 357 apartments across eight floors and will include one, two and three bedroom apartments.
About 45 per cent of the units have already been sold at Lamar Bausher merely two weeks after the launch, and sales enquiries and active responses are continuing to grow at a rapid pace.
"When asked to describe what made them choose Lamar Bausher, our customers round up Lamar's three distinct features namely location, style and size! They are pleased with the fact that the apartments are available at excellent prices and that parking is included in the pricing. In terms of design, they are impressed with the concept of every apartment having a study and marvel at the size of the study not compromising the size of the apartment" says Eng Mohammed Al Ghassani, CEO of Glorei and board member of Muttawar Omani Co SAOC.
Real estate experts have reported that the demand for quality housing is poised to outstrip supply for the year 2013, as a result of strong residential market demand and consistent economic growth within Oman's public and private sectors, which makes it safe to expect more sales for Lamar Bausher in the upcoming months.
Additionally the real estate sector in Oman is expected to grow and there is widespread demand from Omanis and GCC nationals for better designed apartments.
Mussallam al Amry, CIO of Glorei & Development Manager of Lamar Bausher, said, "The traditional mindset of the investors is shifting from purchasing land and starting construction from scratch to buying fully furnished apartments coupled with nearby amenities within the region. Potential homeowners also tend to favour those apartments that easily place them in a favourable or central position of access."
© Muscat Daily 2013
