Wednesday 07 / October / 2026
• Al Ahly Sabbour signs an OMR 10 million financing agreement with Bank Dhofar, supporting the development plans for Wadi Zaha and the continued progress of construction works.
• Al Ahly Sabbour achieves approximately 70% of its 2026 sales target of OMR 33 million, with buyers representing 48 different nationalities.
• Construction works continue at Wadi Zaha, with approximately 350 units currently under construction.
• Zaha Residence offers an integrated residential experience, combining a prime location, open views, diverse unit types, and a range of services and amenities.
• The project offers an attractive investment opportunity, with eligibility to apply for residency programs in Oman upon paying 30% of the unit value, subject to applicable regulations and requirements.
Muscat / Ahmed Abu Ghenima:
A Strong Participation
Al Ahly Sabbour Real Estate Development is participating for the second time in Urban October 2026, taking place from October 5 to 8 at the Oman Convention and Exhibition Centre. The company’s participation features the launch of Zaha Residence, part of the Wadi Zaha development in Sultan Haitham City, alongside the signing of an OMR 10 million financing agreement with Bank Dhofar and a range of exclusive offers available throughout the exhibition.
The participation forms part of Al Ahly Sabbour’s strategy to strengthen its presence and continue expanding in the Omani market, building on more than 30 years of experience in developing integrated communities and delivering projects that combine thoughtful planning, diverse offerings, and integrated services and amenities.
Launch of “Zaha Residence”
The exhibition will witness the launch of Zaha Residence within Wadi Zaha, marking Al Ahly Sabbour’s first offering of luxury residential units in the Omani market. The development offers an integrated living experience that brings together residential, commercial, and service components, along with a range of amenities and open spaces, within a fully integrated community in a prime location in Sultan Haitham City.
Zaha Residence features high-quality finishes and fittings, complemented by hospitality services and a range of recreational amenities, including a swimming pool, sports facilities, and a spa. The development is designed to offer residents an experience that combines comfort, hospitality, quality of life, and convenience within one destination.
The residence offers a diverse selection of units in different sizes and layouts, including studios and one- to three-bedroom apartments, ranging from 39 sqm to 128 sqm. The project enjoys a strategic location with direct views of the central park, the valley, and Sultan Haitham Mosque. Its proximity to services, commercial areas, and key landmarks within the city further enhances the overall living experience offered by the integrated community.
Financing and Investment
As a step that reflects confidence in the project and its development plans, Al Ahly Sabbour Real Estate Development has signed an OMR 10 million financing agreement with Bank Dhofar, coinciding with its participation in Urban October 2026.
The agreement is aimed at supporting the development plans for Wadi Zaha in Sultan Haitham City and strengthening the company’s ability to continue construction works in line with the project’s planned timelines, supporting both current and future development phases.
The financing agreement also reflects the confidence placed in Al Ahly Sabbour and Wadi Zaha, as well as the strength of the company’s project portfolio and assets in Oman, which provide a solid foundation for its continued investment and expansion in the Omani market.
Strong Market Demand
Since the launch of Wadi Zaha in the first quarter of 2025, the project has witnessed strong market demand, with approximately 80% of the launched units sold, out of a total of 824 residential and commercial units.
During 2026, the company achieved approximately 70% of its sales target of OMR 33 million, reflecting continued demand for the project and its diverse components.
The buyer base at Wadi Zaha is also notably diverse, representing 48 different nationalities, highlighting the project’s broad appeal among buyers from different markets and customer segments both within Oman and internationally.
Construction Progress
Al Ahly Sabbour continues to advance construction works across the ongoing phases of Wadi Zaha in line with the project’s established development schedule.
The ongoing works include villas, townhouses, and mixed-use buildings, with foundation and structural works progressing alongside excavation and site preparation across the different phases.
At present, approximately 350 units are under active construction, while the value of contracting works has reached approximately OMR 17.5 million. The first targeted deliveries are scheduled to commence during the second half of 2028, in line with the project’s development timeline.
Exclusive Offers and Ownership Opportunities
Throughout the exhibition, Al Ahly Sabbour will offer exclusive incentives designed to facilitate ownership opportunities, including 0% down payment and payment plans of up to five years.
Subject to the applicable regulations and requirements in Oman, the project also provides buyers with the opportunity to apply for Omani residency upon fulfilling the requirement of paying 30% of the unit value.
Units will be delivered fully finished and semi-furnished, with selected fittings and appliances including kitchen appliances, air-conditioning units, and built-in wardrobes, offering customers comprehensive ownership experience.
Continued Expansion in the Omani Market
Al Ahly Sabbour’s participation in Urban October 2026 reflects the company’s continued strategy to expand its presence in the Omani market, supported by more than 30 years of experience in developing integrated communities.
The company remains focused on delivering well-planned developments with diverse products and integrated services, while creating long-term value for customers and investors.
Al Ahly Sabbour is currently progressing with construction at Wadi Zaha and is preparing to introduce Wadi Safa soon as another integrated urban destination, reinforcing the company’s commitment to continued investment and growth in the Sultanate of Oman.
