The Wave, Muscat is Oman's premier project offering freehold status to all purchasers - Omanis, GCC nationals and expatriates alike.
The Wave, Muscat combines more than 4,000 beautiful properties, a 400-berth marina, Greg Norman signature golf course, four premier hotels and new retail, leisure and dining opportunities all situated at a seafront address. This is the first integrated resort and residential development to be undertaken in the greater Muscat region.
The project’s onus on style and captivating design has already garnered major industry plaudits. In 2007 The Wave, Muscat was the recipient of five international and national design awards from CNBC Arabian Properties and Homes Overseas. In addition to the Homes Overseas award for The Best Luxury Development, it was also awarded Best Development Design, Best Marina Design, Best Apartment Design and Best Golf Course Design.
The Wave, Muscat offers an unsurpassed opportunity to secure an advantageous investment, two years in advance of completion, by tapping into the long-term potential of Oman’s premier waterfront destination. The Wave, Muscat is an inspirational, world-class destination now welcoming international property investors across the globe.
A joint venture between Majid Al Futtaim Properties and the Government of the Sultanate of Oman; The Wave, Muscat is a vision of immense significance that is rapidly becoming the benchmark for best-practice development in quality and design, not only in Oman, but around the region.
Close to 1,000 properties have been sold off plan and over 550 new homes are complete. The first 9 holes of the golf course and the first retail offering are set to open in late 2010.
No local income or capital gains tax together with guaranteed rental returns in a rising market make owning at The Wave a secure investment.
Situated along the shoreline of 6km of natural beach in the Al Azaiba district of Muscat, The Wave is poised in the centre of the city development path. The strategic location benefits from clear and easy access to all major roads. Major developments within a ten minute drive of The Wave include Muscat International Airport, which is undergoing major expansion and Muscat’s new exhibition and commercial district that has already seen the entry of BankMuscat’s new headquarters building. When complete, The Wave will be the new heart of Muscat.
The Wave offers 4,000 award winning new homes spread along 6km of natural beach, a fabulous 400 berth marina, new retail, leisure and dining opportunities, a Greg Norman signature links golf course and four luxury hotels including Kempinski and Fairmont 5-star resorts.
The Wave won the award for Best Architecture at the 2009 CNBC International Property Awards.
The Wave is the first freehold development in Oman to deliver completed freehold property and residents of The Wave have already secured their title deeds and residency visas.
