Omani Home inks deal to provide home financing for new projects

May 6, 2014 11:08 am

Omani Home Real Estate Development Co has signed a memorandum of understanding with Bank Muscat to provide ‘baituna’ home finance for Al Mabelah Residence and Bait Yousif Building projects, Times of Oman has reported. Baituna home finance is aimed at offering citizens and residents easy access to mortgage finance. The construction of Al Mabelah Residence project, comprising 80 villa units, started by the end of 2013 and is expected to be completed in three phases over a period of 30 months. Bait Yousif Building is a 12-floor residential/commercial project located in Mabelah south.