Dar Global launches Oman city project, a major $4.2 billion real estate development on the Muscat coastline. The company teams up with Art District Real Estate Development for this big plan. They call it Muscat Marine, Art & Digital District, or MAD for short. This project covers more than 1.5 million square meters. Builders will finish it in stages over the next 12 years.
Key Features of the Project
The Oman city project mixes homes, culture, and business in one spot. It has top marinas for boats, luxury hotels, high-end shops, and financial areas. A digital zone lets people get licenses online and trade assets easily. This draws in rich visitors, art lovers, tech experts, and business starters.
People can live, work, and enjoy life here. The design pulls from Oman’s sea history. The total value hits 1.6 billion Omani riyals. It stands as one of the biggest private projects in the country. Homes offer sea views. Offices suit new companies. Art spaces host events.
Partnership and Goals
Dar Global and Art District form a joint venture to run the Oman city project. Ziad El Chaar, Dar Global’s CEO, says it will grow Oman’s economy. It brings new ideas and skilled workers. The firm did a similar project before, called AIDA, with Omran Group.
Muscat gets a fresh look at the world map after this real estate development. The site links sea life with modern jobs. It helps start businesses and make art. Everyone sees long-term gains for jobs and money flow.
Location and Timeline
The project sits on Oman’s coast near Muscat. Open land makes it perfect for growth. Teams plan phases to build step by step. The first parts will come soon. Full setup takes 12 years.
This fits Oman’s push for big real estate. Dar Global eyes global buyers. It opens doors for outside money. Local rules support fast setup for firms.
Economic Boost
The Oman city project creates many jobs. It pulls tourists and investors. Hotels fill with guests. Shops sell goods. Marinas host yachts. Digital tools speed up business.
Oman wants more such spots. This one leads the way. It mixes fun, work, and tech. Families move in. Startups grow here. Dar Global knows luxury builds. They work in places like Dubai and London. Now Oman joins their list. Art District adds local know-how. Experts watch how it shapes the area. This project shows Oman’s rise. It bets on sea, art, and digital worlds. Completion will change Muscat’s face.
