Rimal 2, a high-end integrated residential complex in Bausher, Oman, has been launched following Rimal 1, the units of which were reportedly sold within two weeks of its launch.
Developed by Al Khonji Real Estate & Development (AQAR), the leading property developer in the Sultanate, the project features 148 residential units of various sizes. This will allow a diverse spectrum of options for all nationalities that would like to own property in the Rimal 2 Residential Project.
The project will also have a mall that will be one of the largest commercial centres of its kind in the region, and within reasonable walking distance from the residential units. Rimal 1 will also be linked to the commercial mall.
The CEO and chairman of AQAR, Mohammed bin Abdullah al Khonji, revealed that the project is being constructed near an attractive dune of Bawshar on an area of 40,000 square meters. The area will offer enjoyable opportunities for visitors and residents for natural sightseeing.
AQAR and Bank Nizwa sign an MoU for the Rimal 2 project
On the sidelines of the launch of the Rimal 2 project, AQAR signed a memorandum with Bank Nizwa, Oman’s first dedicated Islamic bank with fully Shari’a compliant products and services, to finance the bank’s customers who may be interested in owning residential housing units at the project.
The AGM Retail Banking at Bank Nizwa, Arif al Zaabi, stated that the bank was honoured by the bilateral cooperation with AQAR for the Rimal 2 Residential Project adding that the memorandum sought to provide shariah-compliant and innovative real estate financing solutions.
Arif al Zaabi explained that they have designed real estate financing solutions that meet the different requirements of their growing customer base.