2-Bedroom Apartment 89 sqm at Telal Al Qurm – Potential Investor Residency

Inside Telal Al Qurm, the integrated tourism complex in the Qurm district, a 2-Bedroom Apartment of 89 sqm with a Boulevard view is now for sale. Telal Al Qurm stands out as one of Muscat's premier real estate locations, in the Qurm area known for its proximity to the sea and to established government and commercial facilities. The unit stands out with its contemporary design on the 3rd floor, offering comfortable living spaces and finishes in keeping with the lifestyle Telal Al Qurm offers. The July 2024 license granting Telal Al Qurm its Integrated Tourism Complex (ITC) status is the legal basis for full freehold ownership by foreigners in Oman, potentially qualifying buyers for investor residency under current regulations. Telal Al Qurm aims to set a sustainability benchmark in Muscat, achieving LEED Platinum for select units and adopting environmentally friendly construction practices. Telal Al Qurm offers a rare mix of facilities for the Qurm area: two 4-star hotels with over 370 keys, an aqua park, a cinema complex, plus retail outlets, restaurants and cafes. With a disclosed investment of about OMR 230 million, Telal Al Qurm is being rolled out gradually over roughly 15 years, encompassing a varied mix of residential and hotel units. Telal Al Qurm's proximity to schools, hospitals and shopping centres in Qurm makes it a practical choice for both long-term living and rental investment. A flexible payment plan applies to this unit: 20% on signing, 60% in periodic instalments through to the expected 2027 handover, and 20% on handover; full cash payment is available at OMR 60,965.000. We recommend contacting us to arrange a site visit for this unit and to review Telal Al Qurm's master plan before making your decision. Frequently Asked Questions: Q: Who is the developer of Telal Al Qurm? A: The project is developed by ALARGAN Towell, an Omani company established in 2003 as a joint venture between Kuwait's ALARGAN International Real Estate and Oman's W.J. Towell & Co. Q: Does buying a unit here qualify me for residency in Oman? A: Ownership within a licensed ITC such as Telal Al Qurm may qualify buyers to apply for Oman's investor residency programme, subject to the official terms in force at the time of application. Q: Has the project received any sustainability certification? A: Yes, Telal Al Qurm includes units certified LEED Platinum, one of the highest global standards for green building. Q: How large is the overall Telal Al Qurm project? A: The project spans about 165,000 sqm with an investment of roughly OMR 230 million, delivered in phases over about 15 years. Q: Why is the Qurm area desirable for real estate investment? A: Qurm is one of Muscat's most established and fully developed districts, with increasingly scarce land for new development, which supports long-term investment value.