NBO partners with Alfardan Hotels and Resorts

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% funding of the property value including registration fee, mortgage charges and insurance premium starting at as low as 4.99% 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 LLC added, “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 meters 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 specialty 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 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.

To learn more and for terms and conditions, call 2477 0000 or visit nbo.om. To inquire about a property at The Residences at The St. Regis Al Mouj Muscat, contact Oman Sotheby’s International Realty (OSIR) at 9571 4640 .

About National Bank of Oman:

NBO, the first local commercial bank in the Sultanate of Oman, was founded in 1973 and is today one of the leading banks in Oman. The Bank serves its customers in Oman through 60 Branches, more than 180 ATM/FFM/CCDMs as well as two Branches in U.A.E.

The Bank is committed to community improvement through its corporate citizenship programs and is an active supporter of a range of worthy causes in Oman, with emphasis on health and human services, civic, education, environment, youth, women, arts and culture. 

For more information, please contact:
Sudipta Dasgupta
TRACCS
Email: Sudipta.dasgupta@traccs.net

About Alfardan Group:

A business enterprise built around traditional family values and an uncompromising commitment to integrity, premium service and social responsibility, Alfardan Group is one of the leading and most successful family conglomerates in Qatar and the region. Throughout its long history of more than 65 years, Alfardan Group has successfully evolved from a pearl trading enterprise in the Gulf region into one of the top businesses covering a wide range of industries and sectors.

Alfardan Group maintains a rich portfolio of leading companies in the Arab world, including Alfardan Jewellery, Alfardan Exchange, Alfardan Automotive, Alfardan Property and Hospitality, Alfardan Marine, Alfardan Investment, and, Alfardan Medical. More recently, the Group has expanded its international presence in Oman, Turkey, and Switzerland.

Alfardan Group is committed to delivering best-in-class products and services to ensure ultimate possible experience for its customers across various industries while abiding by international standards and best practices within the markets it operates in. Alfardan Group has proved itself as one of the strongest and most prominent brands in the Qatari market for its unparalleled excellence in the region.

© Press Release 2021