Muscat: National Bank of Oman (NBO) has signed a strategic partnership with Alfardan Hotels and Resorts to provide finance facilities for buyers interested in purchasing a property within The Residences at The St. Regis Al Mouj Muscat.

Buying a dream home at one of Muscat’s most luxurious destinations is now easier than ever thanks to NBO’s unique housing loan offerings, with up to 90 per cent funding of the property value including registration fee, mortgage charges and insurance premium starting at as low as 4.99 per cent p.a. reducing balance rate. With quick approvals and doorstep service, it’s easier than ever to turn dreams into reality.

Tariq Atiq, Chief Retail and Digital Banking Officer at NBO, said, “We’re delighted to be joining hands with Alfardan Hotels and Resorts, adding to our growing portfolio of international partnerships. Nowadays people are looking for homes in prime locations, and these highly sought-after properties offer plenty of options for buyers. Whether young newlywed couples or growing families, we’re here to support them every step of the way, while adding value to their overall banking experience.”

A beachfront address running along an incredible 360-metre-long coastline, The Residences at The St. Regis Al Mouj Muscat features an array of luxury apartments, duplexes and townhouses. An ideal real estate investment opportunity in Oman, the project will entitle its residents to a freehold title deed upon purchase.

K.C. Dalal, Deputy CEO of Alfardan Group stated, “We are pleased to partner with the National Bank of Oman to facilitate attractive financing options for prospective buyers and residents looking to purchase their luxurious property at The Residences at The St. Regis Al Mouj Muscat. Oman is a fast-growing and highly lucrative market for real estate and offers great potential to owners and investors.”

Faisal Al Shanfari, Country Manager of Alfardan Properties Development said, “We are delighted to tie up with the National Bank of Oman to further contribute to the development of the luxury real estate market in the country. The Residences at The St. Regis Al Mouj Muscat provides an extraordinary escape stretching along 360 metres of Al Mouj Muscat’s beachfront, and providing buyers with an exclusive opportunity for investment.”

In addition to the access to The St. Regis signature lifestyle and first-class services ranging from private butler service, 24-hour concierge to à la carte offerings, residents can benefit from exclusive access to a modern health club, deluxe wellness centre & spa, spacious swimming pools, and a kids club alongside high-end meeting rooms, a grand ballroom, and a well-appointed business centre. Furthermore, the project will be the destination for several speciality restaurants along the coast, offering unparalleled exciting experiences for prospective buyers and hotel visitors.

NBO’s personal and housing loans are part of the bank’s commitment to delivering hassle-free, competitive financial solutions to fit all. Processed quickly and efficiently, the bank also provides borrowers with a host of benefits including flexible payment terms, additional financing, and much more. Loan rates may vary depending on salary, length of employment and loan duration.

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