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ERA Oman Participates in Muscat Bank "Baituna Sook" Exhibition
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Inundated with visitors over the weekend, Bank Muscat's 'baituna souq' saw thousands of people walking the stalls and seeking out the sound advice of the industry professionals on hand. Inaugurated by Eng. Saleh bin Mohammed Al Farsi, Undersecretary at the Ministry of Housing, prospective buyers interested in properties engaged leading real estate developers one-on-one.
"The personal touch was there, and we had experienced people taking the time to explain to us the ins and outs of our investment ideas," one visitor explained. Meeting the needs of Customers, encouraging a healthy interaction between financial institutions and the public, And converging at Muscat's most popular weekend shopping destination, Bank Muscat has Successfully delivered an event like no other. AbdulRazak AI iIssa, Chief Executive, Bank Muscat, said: "The baituna souq was part of the 40th anniversary celebrations of the Sultanate's Renaissance led by His Majesty Sultan Qaboos Bin Said that the bank has scheduled for this very special year. Aimed at offering innovative products and services we strive to complement the government's efforts and BankMuscat remains committed to supporting citizens in acquiring choice homes."
AbdulRazak continued: "The real estate sector is a major component of the national economy and the Bank will extend all possible support to achieve the objective of a house for every Omani. BankMuscat is committed to the revitalization of the real estate sector and enhance its role in the national economy." Aatif Najafi, Sales Team Leader for Hamptons International, added: "The event's primary focus was to educate residents that BankMuscat is committed to awarding loans to qualified people for their real estate purchase. A number of real estate agencies and developers brokered sales deals and furnished their clients with loans on site. It was a fantastic success on all accounts. We are excited that BankMuscat has taken this initiative to host such an event, which is sure to boost consumer confidence in the real estate sector."
Clearly the real estate scene in Oman is set to prosper once again, as Hala Slim of Sohar International Development & Investment LLC explained. "As developers of Dar Al Maha residential project, and having a wide number of clients soon to be home owners, we have found that, especially 9uring the past year, many people, namely Omani citizens, were having difficulties financing their booked apartments, and that banks in general were reluctant to grant housing loans, especially to finance off-planproperties. Now, that has all changed. Baituna souq was a unique Opportunity for citizens to make their dreams come true and for developers to expand their projects and encourage their investment in the development and growth of Oman."
Head of Sales for ERA Oman, Ismail Kamel was ecstatic at the opportunities that opened up by ERA***s participation in the souq. "With numerous financial solutions tailored to their needs in attendance, the event facilitated and improved the prospects of finding a new home. Locating the best house as well as providing a suitable mortgage finance scheme that supports the buying process and a myriad of other services, were all under one roof. The event catered to customer***s needs and exposed a variety of properties that are currently on the market. ERA Oman was proud to be one of the participants partnering one of the leading banks in Sultanate of Oman, BankMuscat."
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