Rimal 2, a high-end integrated residential complex in Bausher, Oman, was launched after Rimal 1, whose units were reportedly sold out within two weeks of its launch.
Developed by Al Khonji Real Estate & Development (AQAR), the leading property developer in the Sultanate, the project includes 148 residential units of various sizes. This will allow a wide range of options for all nationalities wishing to own a property in the Rimal 2 residential project.
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The project will also include a shopping center which will be one of the largest malls of its type in the region and within reasonable walking distance of residential units. Rimal 1 will also be connected to the shopping mall.
AQAR CEO and Chairman, Mohammed bin Abdullah al Khonji revealed that the project is being built near a beautiful Bawshar dune in an area of 40,000 square meters. The area will provide visitors and residents with enjoyable opportunities for nature tourism.
AQAR and Bank Nizwa sign a MoU for the Rimal 2 project
On the sidelines of the launch of the Rimal 2 project, AQAR signed a Memorandum of Understanding with Bank Nizwa, Oman’s first Islamic bank offering fully Shariah-compliant products and services, to finance clients of the bank who may be interested in owning residential units under the project .
Bank Nizwa’s Retail Banking AGM Arif al Zaabi said the bank was honored by the bilateral cooperation with AQAR for the Rimal 2 residential project, adding that the memorandum sought to provide innovative and compliant property finance solutions. Sharia.
Arif al Zaabi explained that they have designed real estate financing solutions that meet the different requirements of their growing customer base.
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