AQAR launches Rimal 2

AQAR launches Rimal 2

Muscat – Spread over 40,000sqm with three-level underground parking, Al Khonji Real Estate and Development (AQAR) launched its Rimal 2 project at Grand Millennium Hotel on Wednesday.

Among the leading property developers in the sultanate, AQAR’s new project is an extension of Rimal 1 located in Bausher. Ownership in the project is open to all nationalities. Rimal 2 offers 148 residential units, with prices starting from RO35,000.

The launch event at Grand Millennium Hotel included signing of a memorandum of cooperation with Bank Nizwa to finance the bank’s customers who are interested in owning residential units in Rimal 2.

Speaking at the event, Mohammed al Khonji, chairman and CEO of AQAR, said, “The real estate market still demands integrated housing complexes with unique specifications. This is the most appropriate time to buy residential units and Rimal 2 offers the best living experience.”

He informed that the project is expected to take three years to complete. However, 35 per cent of the project was sold in an offer during Phase 1. “The great demand Rimal 1 received and its success motivated us to start Rimal 2 where units were sold within two weeks of launch.”

Rimal 2 includes residential units of different sizes – one-and two-bedroom