The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
LESS THAN 30 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
4 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterThu 15 Jan 15

Developer Plans $560 Million Worth Of Mansions In Oman

o

A British property developer is planning to invest $560 million in mansions and apartments in Oman.

The development will be a significant step in bringing European design to the Middle East kingdom with developers saying it will set a benchmark for future development in Omani housing development.

Consero is set to begin development this year with fourteen large contemporary villas set in landscaped gardens in Oman’s capital, Muscat.

The company is best known for designing and building mansions in Surrey and say this development will resemble Kensington’s Phillimores development. The luxury developer is estimated to have sold $1.8 billion in properties in the last decade.

Consero will partner with local developer Al Raid group with units set at $1.8 million apiece.

The Oman property market is estimated to be worth $3.6 billion per year.

The properties will be located in a prestigious district of Muscat and estimated to be around 1500 square metres in size. They will be surrounded by large terraces and set in landscaped gardens.

At the development’s conclusion, the joint venture partners will continue with the development of 264 one and two bedroom apartments and penthouses in Muscat, Shatti Al Qurum, and Al Khuwair.

Sheikh Fahad Abdullah Al Araimi, chief executive of the Al Raid Group, said “We are delighted by this new agreement which will fuse the Al Raid Group's real estate strength, design excellence and local knowledge with the outstanding British product quality and innovation for which the Consero London brand is renowned.”

Consero is unrivalled in England’s luxury housing market with recently announced plans to build a $120 million mega-mansion near Ascot. The property is forty-five times the size of the average new home featuring fifteen en suite bedrooms, and ten reception rooms with accommodation.

Robert Osborn, co-founding director of Consero London said, “Our companies have entered into this exciting joint venture following the success of an Oman-based pilot project where Saraya and Consero London worked alongside each other.

“We have developed an excellent relationship with Saraya who are a leading specialist in high quality architectural design and project management in Oman.”


Feature image: Artists impression of mansions. Source: The Daily Mail UK

ResidentialInternationalConstructionPlanningPlanningSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
View All >
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
Deicorp Five Dock Mixed-Use Precinct
Residential

Deicorp’s $1.8bn Inner-West Sydney Precinct Greenlit

Vanessa Croll
Old Canberra Brickworks Yarralumla
Development

Doma Ready to Begin 380-Home ACT Brickworks Scheme

Leon Della Bosca
Planning approvals have cleared the way for construction to begin on Canberra’s largest heritage adaptive reuse developm…
LATEST
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
3 Min
Deicorp Five Dock Mixed-Use Precinct
Residential

Deicorp’s $1.8bn Inner-West Sydney Precinct Greenlit

Vanessa Croll
3 Min
Old Canberra Brickworks Yarralumla
Development

Doma Ready to Begin 380-Home ACT Brickworks Scheme

Leon Della Bosca
4 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/developer-plans-560-million-worth-mansions-oman