The Hay Al Wafa project's initial phase, valued at OMR280 million, was inaugurated on Sunday evening at the Panorama Mall in Sultan Haitham City. Developed by Al Abrar Real Estate, this vast project covers one million square meters and will consist of a total of 1,800 residential units. The first phase, which includes 375 units, is expected to be completed by 2026.
Dr. Khalfan bin Saeed Al Shuaili, Minister of Housing and Urban Planning, led the launch event, accompanied by Salim bin Ali Al Siyabi, Chairman of the Board of Directors of Al Abrar Real Estate, a subsidiary of Al Siyabi International Group.
The initial phase of the Al Wafa neighborhood offers a range of apartment and villa designs to suit various preferences. By 2026, in addition to the residential units, infrastructure such as roads, utilities, and lighting will also be completed.
Al Siyabi expressed confidence in the project's success, highlighting the competitive pricing strategy targeting both Omani nationals and expatriates.
He mentioned, "Construction will begin soon pending final approvals from the relevant authorities. We have started mobilizing for the first phase. Apartment prices start at OMR27,800, while basic three-bedroom villas/townhouses are priced at OMR65,000. Non-eligible Omanis and foreign nationals can expect starting prices from OMR101,000."
Al Siyabi stated: "I have full faith in the project's success. I am thrilled about this endeavor as I thrive on challenges. Embarking on a new project presents a challenge that I eagerly anticipate."
The extensive development blueprint for Sultan Haitham City, spanning around 14.8 million square meters, aims to house 100,000 residents within 19 cohesive neighborhoods.
The project is set to be finished in stages by 2030, in line with the changing real estate market in Oman. It aims to accommodate the growing population and enhance its reputation as a safe haven for residents and investors, both domestically and internationally. The city's development will take place over four phases, with plans for execution starting this year and continuing until 2045.
