Muscat – Two leading real estate companies of Oman have joined hands to develop one-of-its kind commercial and leisure project in Al Saada area of Salalah, in the governorate of Dhofar.

Tibiaan Properties and Al Tamman Real Estate Company signed a contract to develop and market the project, which will include commercial units suitable for offices, retail stores, restaurants and cafés among others.

The cooperation comes to deliver premium projects in Dhofar governorate, where demand is rising for quality real estate projects, a press release stated.

‘The project is named ‘Ajwaa’, which in Arabic refers to the beautiful weather Salalah enjoys throughout the year, thus reflecting the opportunities this project offers to investors in both corporate and individual capacity.’

The location for the project was carefully selected within one of the most vibrant areas in Salalah on the Sultan Taimur Street in Al Saada, with an easy access to all parts of Salalah, the release added.

‘The RO8mn project – Ajwaa – will represent a distinctive investment destination, as it will allow individuals and institutions the opportunity to own a commercial space for their own business or to rent it out. Spread on an area over 20,000sqm, the project includes more than 220 commercial spaces making it an integrated commercial destination for work and leisure alike.’

“Al Tamman Real Estate is a major real estate developer in Oman, and today we announce our new project in Salalah – Ajwaa – which comes to enrich the market with quality and innovation and meeting the demand expectations,” said Himansu Mohapatra, General Manager of Al Tamman Real Estate.
Speaking about the location and design, Mohapatra underlined that what distinguishes the project, in addition to its strategic location, “is its distinctive design that comes in accordance with the highest technical and aesthetic specifications”.

Younis al Harrasi, CEO of Tibiaan Properties, said, “We are pleased to announce our first project in the wilayat of Salalah with Al Tamman Real Estate Company, where we have studied the project’s importance and value addition to the governorate of Dhofar starting from identifying the land location all the way to creating the best mix of commercial units which will serve the community.”

The project is in line with the company’s direction to expand presence all over the sultanate to deliver real estate solutions and wider range of investment opportunities after a journey that extends over 20 years.