Muscat Hills International Developments (MHID), along side with Malik Developments, has strategically signed a partnership agreement with Pakistani real estate powerhouse Sarmayadari to promote the sale of the recently launched Business Tower 2.
Through this partnership with Sarmayadari, Pakistani investors interested in investing in Oman, and more specifically Muscat Hills, can now avail customized finance solutions that are tailored exclusively for MHID’s upcoming Business Tower 2 as well as selective units of the Business Tower 1. Investors benefit from 2-year post-handover payment plans, 8% guaranteed annual rental returns for the first three years, 3%+ annual capital appreciation based on last five years of sales figures in Muscat Hills and much more.
Mr. Ilyas Malik, Deputy CEO of MHID and Chairman of Malik Developments, commented: “We are delighted to partner with one of Pakistan’s leading real estate powerhouses to offer a new league of our customers innovative financing solutions that enable them to own their dream home in Oman with ease”. This partnership is also in line with Malik Developments’ belief that international investment from the larger region is essential amidst tumultuous market conditions. “In this market, developers must specialize in offering optimal services and platforms, granting investors opportunities and facilitated, flexible payment plans that a developer’s mortgage or collection teams may not have access to”, Mr. Ilyas Malik added.
Speaking about the partnership at a launch event in Lahore, Mr. Mian Furqan Mehmood, CEO of Sarmayadari commented: “This is a great opportunity for Pakistanis to invest abroad while being safeguarded against certain risks. We ‘Sarmayadari’ assure investors get an Omani residence visa when investing at Muscat Hills. In addition, Oman does not levy any form of income or real estate tax guaranteeing investors with zero tax liabilities”.
Sarmayadari is a project of InvestIQ Group, one of Pakistan’s premier investment brokeragefirms. The Company offers lucrative international 100% freehold real estate investment opportunities that are based on sound economic fundamentals. The Company proposes collaterally secured investments, ranging from PKR 5 Lac to PKR 5 Billion, with assured exit and guaranteed annual returns.