Better Homes signs contract with Muttawar to launch exclusive high- quality development

The signings were conducted between Mr Qaboos Abdullah Al Khonji, CEO and Deputy Chairman of Better Homes and Eng Mohammed Abubacker Al Ghassani, CEO of GLOREI and board member of Muttawar Omani Co. SAOC at the GLOREI head office in Al Khuwair.

Commenting on the agreement, CEO and Deputy Chairman of Better Homes, Mr Qaboos Al Khonji said, "We are very pleased to be taking sole responsibility for marketing this unique development, as we firmly believe that this is a significant project following the emerging trend of exclusive lifestyle in real estate. Better Homes has built a solid reputation for itself in the real estate industry in Oman and the agreement signed today acknowledges our extensive experience in this sector. We believe that the high quality of this development from Muttawar Omani Co. SAOC will be very well received in a market where demand for luxury and modern living is very strong."

Better Homes is the region's premier real estate company with more than two decades of expertise in the Middle East. Better Homes Oman is a part of Al Khonji Holdings and they have associated with Muttawar Omani Co. SAOC, a subsidiary of GLOREI (Global Omani Development & Investment Company SAOC) and key shareholders Mr. Abdullah Dakhil Al-Jassar (Owner of Dakheel Al Jassar & Sons Group Company - Kuwait) and Sheikh Salim Bin Ahmed Mohammed Al-Ghazali (Owner of Golden Group Companies).

Naming of the up-market Bausher development is yet to be revealed, however construction has already commenced in November 2012 and is expected to take approximately two years to complete.

General Manager for Better Homes Oman, Glenn Meek added, "This project is a much needed addition to the luxury market in the Sultanate - being the perfect combination of residential as well as retail outlets. We are confident that such a development will be highly popular among both Omanis and GCC citizens. The new project will feature a luxurious residential complex providing its residents with high standard facilities and amenities that are consistent with both modern lifestyle and traditional values."

Eng Mohammed Al Ghassani mentioned, "In Oman, we have developed a reputation for offering products and services which are top of their class and our latest venture is no different. This new project offers prospective home buyers and investors a premium lifestyle environment and from our experience in the sector in the Sultanate; we believe that Better Homes will be the ideal partners to ensure that this development is brought to market successfully."