His Excellency Qais Al Yousef Inaugurates “Maysan Square Duqm” – The First Integrated Business District in the Special Economic Zone at Duqm

Duqm – Under the patronage of His Excellency Qais bin Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), Maysan Real Estate celebrated the inauguration of the first phase of the “Maysan Square Duqm – Residence” project, in the presence of officials, investors, business leaders, and media representatives. The event reflects the rapid growth and development taking place in the Special Economic Zone at Duqm across both the real estate and investment sectors.

At the opening ceremony, Mr. Sadiq bin Jaafar bin Sulaiman, Chairman of Maysan Real Estate, expressed his appreciation to His Excellency and OPAZ for their continued support and facilitation provided to investors. He emphasized that Duqm’s ongoing economic and urban development has positioned it as one of the region’s most promising investment destinations.

He explained that Maysan Square Duqm represents a significant milestone in the real estate sector as the first integrated business district within the Special Economic Zone at Duqm. The project combines residential, commercial, hospitality, and business components within a modern urban environment designed according to international standards.

The development spans a total area of 122,000 square meters and consists of 20 buildings distributed across four key sectors: Residential, Commercial, Hospitality, and Retail, reflecting a comprehensive vision for creating a modern community that accommodates living, working, and investment opportunities in one destination.

The residential district covers a built-up area of 34,000 square meters on a land area of 20,000 square meters, while Residence 1, inaugurated as part of the first phase, has a built-up area of approximately 8,500 square meters.

Residence 1 includes more than 104 residential units, ranging from studios to one-bedroom and two-bedroom apartments. The project has successfully attracted investors from 22 nationalities worldwide, demonstrating growing international confidence in Duqm’s economic and investment future. The event also included the handover of residency permits and residential unit keys to property owners.

He added that the first phase comprises 104 residential units, while the completed project will feature a total of 424 fully serviced residential units, in addition to 130 commercial and office units.

Mr. Sadiq noted that the project offers more than just housing. It introduces a comprehensive modern lifestyle through a variety of facilities and services, including a fitness center, swimming pool, meeting rooms, retail outlets, business offices, and a contemporary pedestrian promenade designed to enhance urban livability and quality of life.

He stated:

“We firmly believe that Duqm is entering an exceptional phase of investment growth. Maysan Square Duqm was developed to be part of this future vision—not merely as a real estate project, but as a modern urban landmark that reflects the remarkable economic and architectural progress taking place in the region.”

He further highlighted that the project offers freehold ownership for foreign investors within the Special Economic Zone at Duqm, along with the opportunity for investors and their families to obtain long-term residency, adding significant investment value and enhancing the project’s attractiveness to both local and international investors.

Residential unit prices start from OMR 25,000, making the project an attractive opportunity for investors and individuals seeking an integrated environment for living, working, and investing in one of the fastest-growing economic cities in the region.

Concluding his remarks, the Chairman of Maysan Real Estate emphasized that Maysan Square Duqm represents a valuable addition to Duqm’s urban and investment landscape and serves as an open invitation for investors to benefit from the promising opportunities and incentives offered by the Special Economic Zone at Duqm, further strengthening its position as a global economic and investment hub.