'Affordable urban' residential project launched in Oman

Muscat: A new ITC freehold project, “220 Downtown”, at Muscat Hills will soon be launched Union Property Development LLC (UPD) has announced. The lifestyle project is focused on affordable urban living.
The UPD will be showcasing 220 Downtown at the Oman Real Estate Expo (OREX) 2018 at the Oman Convention and Exhibition Centre, Hall 2, from March 12 to 14. Located at the vibrant upscale Muscat Hills commercial park, which is a part of the new downtown of Muscat, 220 Downtown will feature 307 residential units with 1 and 2 bedroom apartments, along with 78 retail outlets, all modern amenities, and contemporary finishing scheduled for handover in 2020.
Hood Sabeel Al Balushi, Chairman, Union Property Development LLC, said: “We are offering a new interpretation to affordable luxury lifestyle with 220 Downtown, which meets the growing demand for the small- to medium-sized freehold units segment in Muscat.
“Every aspect of the project has been carefully designed to present an unprecedented lifestyle setting that draws on the pacifying comfort of traditional and contemporary living.”
He added: “We are proud to be associated with OREX 2018 as a Gold sponsor and have already generated strong queries from investors and potential end-users.
“The Sultanate has enjoyed phenomenal economic development success in the reign and guidance of His Majesty Sultan Qaboos bin Said Al Said.
We are in line with Sultanate’s continuing development plan, Vision 2020, and will support its agenda to diversify the economy and drive communal evolution.
“We have many projects in the pipeline that will focus on the mid-income market segment, proffering an urban lifestyle with affordable schemes.”
UPD is a full-fledged development, investment, and management company focused on all facets of residential and commercial sectors of the Sultanate and regional markets. With a team of passionate and veteran professionals with expertise stretching across the entire property spectrum and a proven track record in small- to large-scale multifarious development, management, and investment services, UPD believes in delivering value through a combination of arduous analysis, hands-on management, and inventive design.
For more information and future projects, please visit www.updoman.com.