02 May 2006
MUSCAT -- The Wave, Muscat Oman's leading tourism and beachfront residential development, has announced that it will showcase its unique offerings and extraordinary aspects at the Arabian Travel Market (ATM) in Dubai.

At the ATM, which begins today and concludes on May 5 at the Dubai World Trade Centre, The Wave, Muscat will reinforce the growing interest among the discerning buyers to go in a unique, eclectic community that offers a blend of contemporary design and simple detailing with traditional, inherent values that Oman offers. The Wave, Muscat's stand at the ATM will be a part of the larger Oman Tourism pavilion.

Commenting on The Wave, Muscat's participation at the high-profile industry event, Wael Ahmed Al Lawati, deputy CEO of the development, said: "The Wave, Muscat is committed to the Omani government's tourism initiatives and we want to showcase the extraordinary benefits being offered by The Wave, Muscat. Our presence at the most important travel and tourism related exhibition in the Middle East is to exhibit the unique aspects of our multi-developmental project to industry bodies and potential investors."


"The Wave, Muscat has recently announced our first foreign and AGCC buyers who are satisfied with their investment decisions. To this effect, we would like many others to take advantage of this opportunity to own a property in the one-of-its-kind integrated project in the Sultanate, which is set to extend a quality lifestyle unrivalled anywhere in the world," added Al Lawati. When complete, The Wave, Muscat will join the league of the top residential community projects in the Middle East creating value-added identity through innovation and execution of product, service and technological enhancements.

An integrated waterfront development, The Wave, Muscat is a joint venture comprising Oman's Waterfront Investments, which includes the Government of the Sultanate of Oman, the National Investment Funds Company, which represents the Omani Pension Funds and State General Reserve Funds, and the UAE's Majid Al Futtaim Investments.

Being the first project to qualify as an Integrated Tourism Complex, The Wave, Muscat is the first project in Oman that has been officially granted the right to offer full freehold property buyers of any nationality.

Subsequent to the issuance of Royal Decree 12/2006, interested buyers from the UK, India, Dubai, Bahrain, Kuwait and other places made a beeline to The Wave, Muscat to lap up the opportunities on offer. The first residential release will encompass 221 waterfront villas, garden villas and townhouses. The construction of units in the first release will coincide with the completion of the Links Golf Course the Sultanate's first sea-facing signature course to be designed by renowned golfer Greg Norman.

The project is being developed keeping in mind the discerning international and regional home buyers, who are looking for an exciting, authentic destination in a country with the potential of becoming one of the most significant international destinations.

© Times of Oman 2006