2BHK Apartment for Sale in Hay Al Wafaa - Sultan Haitham City | Freehold

Looking for a freehold property with Omani residency potential in Muscat? This Hay Al Wafaa unit in Sultan Haitham City is worth your attention. This apartment is in Building 61, on the 5th floor with a Boulevard view, has a built-up area of 127.22 sqm and a gross area of 157.96 sqm, with 2 bedrooms and 2 bathrooms. Sultan Haitham City in Wilayat Al Seeb is one of the largest urban development projects in the Sultanate's history, served by an integrated smart transport network. 50% of Hay Al Wafaa's units are open to freehold ownership for all nationalities, with Omani residency extending to the owner's family once the property exceeds OMR 50,000 and 30% has been paid. The project is developed by Al Abrar Real Estate, one of the master developers appointed by the Ministry of Housing and Urban Planning within Sultan Haitham City. 80% of Phase 1 units at the project sold within just a few months of launch, reflecting strong demand for this district within Sultan Haitham City. The district includes a grand mosque, an integrated school complex (primary and preparatory), a retail area with shops, cafés and restaurants, plus extensive parks and green spaces. The Ministry of Housing backs the project with a financing programme that includes 3,000 housing loans from Oman Housing Bank worth OMR 240 million for eligible citizens. Direct government backing through the Ministry of Housing partnership secures the project's infrastructure and delivery timeline, reinforcing long-term confidence in unit values. Many investors search for freehold property for sale in Oman, and Sultan Haitham City offers exactly that within its first residential district, Hay Al Wafaa. Delivery is scheduled in successive phases through to full project completion in 2030, allowing investors to track progress and plan accordingly. Payment plan for this unit: - Price: OMR 100,830 - 20% down payment: OMR 20,166 - Remaining 80% in monthly instalments over 5 years (60 months): approx. OMR 1,344/month Contact us now for the latest prices, available units at Hay Al Wafaa, and financing options that suit you. Frequently Asked Questions: Q: Does buying grant Omani residency? A: Units valued above OMR 50,000 (with 30% paid) qualify the owner and their family for Omani residency. Q: What is the difference between the Eligible and Non-Eligible price? A: The Eligible price is a subsidised rate for Omani citizens on the government housing waiting list, while the Non-Eligible price is the open-market rate available to other buyers, including foreign investors. Q: When will the project be delivered? A: Delivery runs across 5 successive phases, with the district fully completed by 2030. Q: Are bank financing plans available? A: Yes, Oman Housing Bank offers subsidised financing for eligible buyers, and local commercial banks offer 3.5% financing for the first 100 loans per bank; foreign buyers can finance through standard commercial channels. Q: What makes Hay Al Wafaa a strong investment opportunity? A: Being the first district in Oman's first smart city, with 80% of Phase 1 sold within a few months and competitive pricing starting from OMR 29,000 for apartments.