Artificial Intelligence
Builders Company
Developers/Muscat Bay
MB
Muscat BayMuscat, Oman · founded 25-Nov-2007 · 1 active markets
JOINT VENTURE

Muscat Bay develops integrated coastal residential and tourism communities in Oman, combining villas, townhouses, apartments, hotels, leisure, and community amenities. Its masterplan serves homeowners, investors, residents, and hotel guests seeking luxury, nature-oriented living, and hospitality near Muscat in resort settings.

Years in business
19
founded 25-Nov-2007
LinkedIn headcount
25 people
employees, as shown on LinkedIn · size band 51–200
Portfolio value
USD 600 million development value
14 September 2015
Units delivered
255 homes completed by Q2 2019
as the company states it
Projects last researched October 13, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Saraya Bandar Jissah Co SAOC1
Headquarters
Qantab, Bandar Al Jissah St.1, Muscat1, Oman
Founded
25-Nov-20071
Entity type
JOINT VENTURE1
Business model
offplan for sale1, mixed use1, masterplan1
Markets
1 market listed
What they build
Residential, for sale (3 of 4) · Hotel (1 of 4)
Full dossier in About →

Delivery record

4 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+24.5 mo
the middle of 4 scored projects
Average delay
+30.5 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+50.5 mo
Jumeirah Muscat Bay · +48.0 to +53.0
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
4
red rows below

Against other developers

4 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

4 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.6/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (0 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 4 rated buildings
Management & living
8.1/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Oman yet to compare against.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • DELIVERY DELAY Original target announced April 6, 2017; residential completion reported July 7, 2019 Muscat Bay (then Saraya Bandar Jissah) announced in April 2017 that its first phase would be completed and its first residents welcomed in 2017; a later construction report said the first residential phase was completed only in Q2 2019, indicating a delay against that announced timetable. The sources establish the missed target but do not establish the cause or any buyer remedy.
Record status
active
Company sources
112 source entries across 112 fields
Projects tracked
4 · 4 completed in assessment
All flags and sources →

Track Record

Delivery record

4 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+24.5 mo
the middle of 4 scored projects
Average delay
+30.5 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+50.5 mo
Jumeirah Muscat Bay · +48.0 to +53.0
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
4
red rows below

Against other developers

4 date-assessed projects here
Not enough info yet.

Construction start to handover

4 of 4 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Muscat, Oman
20142015201620172018201920202021202220232024202520262027todayMUSCAT, OMAN+50.5 moverified+22.5 moverified+22.5 moverified+26.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 10 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

4 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.6/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (0 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 4 rated buildings
Management & living
8.1/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Oman yet to compare against.

By building

4 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Jumeirah Muscat BayBandar al Jissah, Muscat206 units
9.1/ 10
—/ 10
9.0/ 10
Tripadvisor 4.9/5 · 1,034 reviews · tripadvisor.com.au
Trip.com 9.7/10, 9.5/10, 9.8/10, 9.5/10 · 132 reviews · uk.trip.com
Combined from 5 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 9.

Tripadvisor's 4.8/5 rating from 1,034 reviews is the largest reported review base and converts to 9.4/10 under the specified curve. Trip.com independently reports 9.6/10 from 132 verified reviews, broadly consistent with the anchor, while the detailed negative review supports a modest commentary reduction rather than overturning the aggregate. Evidence is guest-stay evidence, not a resident-year assessment; the structural score remains null because no building-wide engineering rating was published.

+ Modern, well-maintained property+ Clean rooms and housekeeping+ Well-appointed facilities
− Room equipment defects reported− Noisy private-pool pump− Chemical odour entered AC during spraying
+ Friendly attentive staff+ Strong housekeeping+ Peaceful beachfront setting+ Good breakfast and dining variety+ Well-regarded pools, beach and lounge
− Overnight response complaints− Crowded buffet and limited outdoor tables− Occasional inexperienced staff− Some facility-update and odour concerns− Remote location noted by some guests

Most published feedback describes the resort as modern, clean and well maintained; one reviewer called it “incredibly new and impeccably maintained.” However, individual infrastructure complaints included a non-working fridge, scale and bathroom-door fault, a noisy pool pump, and chemical odour entering the AC during mosquito spraying. These are guest reports rather than an engineering inspection, and the available evidence does not establish a current building-wide defect.

Guests repeatedly praise the “warm, attentive service,” clean rooms, beach, pools and peaceful setting, with recent October 2026 reviews calling staff “friendly, professional, and attentive.” The main counter-evidence is operational: one March 2025 guest reported repeated false assurances about night noise and ineffective overnight handling, while another review noted a crowded buffet and limited outdoor seating.

NameerBandar Jissah, Muscat33 units
8.8/ 10
—/ 10
7.7/ 10
PickleTrip/Booking.com listing 8.75/10, 10/10, 9/10, 9.58/10, 9.17/10, 9.58/10 · 11 reviews · pickletrip.com
Combined from 6 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.7.

The largest located review base is the Google Reviews/Maps 4.5/5 rating from 63 reviews, which converts to 8.5/10 under the requested curve and sets the level. Repeated praise for beach access, spacious family accommodation and amenities offsets part of the recurring management criticism, producing 8.8 overall; physical-system evidence is too limited for a separate structure score.

+ Modern, well-thought-out layout+ Private pool and sea/lagoon views+ Air-conditioned accommodation+ Security and fire-detection provisions
− Air-conditioning failure in one room− Reported power-related cancellation
+ Beach proximity+ Spacious family accommodation+ Private pool and views+ BBQ and outdoor amenities+ Friendly owner/service
− Unresponsive management− Strict check-in/check-out− Non-working advertised cinema− Missing basic cleaning supplies/soap− Power-related cancellation complaint

The available physical-condition feedback is limited and comes from short-stay guests rather than residents. One review says “The ac didn’t work in one of the rooms,” while another reports a cancellation attributed to “power issues”; the accommodation listing otherwise describes air conditioning, full-day security and fire-detection equipment.

Guest feedback often describes Nameer as spacious, peaceful and close to the beach: one reviewer said the apartment was “wonderful for my family,” and another praised the “luxury” and “great service.” The negative operational reports are concentrated in three reviews alleging unanswered assistance requests, strict arrival/departure handling and a cancellation attributed to power issues.

ZahaBandar Jissah, Muscat200 units
8.5/ 10
—/ 10
7.8/ 10

The largest explicitly counted rating found is 4.9/5 from 8 guest reviews, but it is below the ten-review anchor threshold; the available 9.0/10 listing is therefore reported but excluded from scoring because its review count is unstated. The evidence is entirely short-stay and strongly positive, but the building-specific resident evidence is limited and no structural systems feedback was published; the living score is kept at 7.8 as a cautious guest-evidence assessment.

+ Clean and organized stays+ Well-maintained apartment+ Beach and pool access+ Welcoming host+ Quiet, comfortable atmosphere

no notes returned

no links returned

The available guest feedback describes a positive day-to-day stay: one reviewer reported a “very well kept, clean, and organized” apartment, while another called it “super clean and comfortable.” Guests also praised the pool-front setting, short walk to the beach, peaceful atmosphere and a welcoming, helpful host; this is short-stay evidence rather than a resident-management record.

WajdBandar Jissah, Muscat22 units
7.8/ 10
—/ 10
7.8/ 10

The largest published review base is the 4.2/5 aggregate from 27 reviews, which converts to 7.6/10 using the stated curve and therefore sets the level. The written comments repeatedly praise the coastal setting and facilities, while the negative comments do not establish a recurring management or structural failure; the resulting resident-experience score is 7.8/10. Structural scoring remains null because no published review evidence about fabric or systems was found.

+ Scenic coastal views+ Pools and playground+ Walking area and beach access+ Luxury villa setting
− Investment/location concern

no notes returned

no links returned

Published comments emphasize the lifestyle setting: one reviewer cites a "fantastic" view, "huge pools, playground, walking area and beach access," while another describes "premium villas located at the bank of seashore." The evidence also includes a contrary one-star comment calling it the "Worst location for investment"; this is an investment/location complaint rather than a reported management or amenity failure.

Only buildings that have reached handover are rated. 0 of 4 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Saraya Bandar Jissah Co SAOC
Headquarters
Qantab, Bandar Al Jissah St., Muscat, Oman
Qantab · 115
Founded
25-Nov-2007
Muscat, Oman
Entity type
JOINT VENTURE
Revenue
USD 4.42 million annual revenue
Business model
offplan for sale, mixed use, masterplan

Partners

10 partners
OMRAN Group (Oman Tourism Development Company)
joint venture

OMRAN is the state-owned tourism-development partner in the Muscat Bay joint venture.

Saraya Holding Oman / Saraya Holdings Oman
joint venture

Saraya Holding Oman is the private-sector shareholder and local subsidiary of Saraya Holdings.

Jumeirah Group
operator

Jumeirah operates the two planned five-star hotels, including the 206-room Jumeirah Muscat Bay resort.

BankMuscat
funder

BankMuscat provided part of the development financing through the reported $275m loan.

Bank Dhofar
funder

Bank Dhofar provided part of the development financing through the reported $275m loan.

Habtoor Leighton Group
contractor

The UAE/Australian contractor built both hotels and held the RO37m hotel contract.

WJ Towell
contractor

WJ Towell constructed the three residential zones.

Drake & Scull International
contractor

Its local subsidiary was awarded the hotels’ mechanical, electrical and plumbing contract.

Carillion Alawi
contractor

The local/UK contractor carried out infrastructure works.

ahlibank
funder

ahlibank signed an agreement to finance the Luma Residences project and another agreement to finance buyers.

Sources: name

PRESS2019-07-07

Muscat Bay’s phase 1 residential project completed

Oman Observer
The project is developed in partnership with the Oman Tourism Development Company (OMRAN) and Saraya Holdings Oman (SAOG).
value seen: Oman Tourism Development Company (OMRAN)
https://www.omanobserver.om/article/29004/Business/muscat-bays-phase-1-residential-project-completed

Sources: partner type

PRESS2019-07-07

Muscat Bay’s phase 1 residential project completed

Oman Observer
The project is developed in partnership with the Oman Tourism Development Company (OMRAN) and Saraya Holdings Oman (SAOG).
value seen: in partnership with
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.omanobserver.om/article/29004/Business/muscat-bays-phase-1-residential-project-completed

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
The first phase of the 2.2 million-square-metre integrated tourism complex, being undertaken in joint venture with state-owned Oman Tourism Development Company (Omran), is due for completion in 2017.
value seen: OMRAN is the state-owned tourism-development partner in the Muscat Bay joint venture.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESSdate not shown in source

Muscat Bay completes Phase 1 of the development

ZAWYA
Muscat Bay is a joint venture between Saraya Holdings Oman (SAOG) and Omran, established by Government mandate in line with the vision to strengthen and diversify the economy, by growing the capacity, scope and potential of the tourism sector in Oman.
value seen: Saraya Holding Oman / Saraya Holdings Oman
held out of the figures · the quote does not carry this value
https://www.zawya.com/en/press-release/muscat-bay-completes-phase-1-of-the-development-701804

Sources: partner type

PRESSdate not shown in source

Muscat Bay completes Phase 1 of the development

ZAWYA
Muscat Bay is a joint venture between Saraya Holdings Oman (SAOG) and Omran, established by Government mandate in line with the vision to strengthen and diversify the economy, by growing the capacity, scope and potential of the tourism sector in Oman.
value seen: joint venture between
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.zawya.com/en/press-release/muscat-bay-completes-phase-1-of-the-development-701804

Sources: summary

PRESS2017-04-08

Saraya Bandar Jissah Reveals New Identity and Name Change to Muscat Bay

Eye of Dubai
Saraya Holding Oman is a subsidiary of Saraya Holdings, a holding company that invests primarily in the real estate, hospitality and tourism industries through its subsidiaries.
value seen: Saraya Holding Oman is a subsidiary of Saraya Holdings
https://www.eyeofdubai.ae/news/details/saraya-bandar-jissah-reveals-new-identity-and-name-change-to-muscat-bay

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
It involves two five-star hotels to be operated by Dubais Jumeirah Group, as well as 398 residential units, split into three zones.
value seen: Jumeirah Group
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
It involves two five-star hotels to be operated by Dubais Jumeirah Group, as well as 398 residential units, split into three zones.
value seen: operated by
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

COMPANYdate not shown in source

Jumeirah Muscat Bay

OMRAN Group
Jumeirah Muscat Bay, a 206-room five-star beach resort, was officially opened in 2022. It is located 15 minutes from Muscat and is nestled within the secluded Bandar al Jissah beach at Muscat Bay, a joint venture between OMRAN Group and Saraya Oman Holding Company.
value seen: Jumeirah operates the two planned five-star hotels, including the 206-room Jumeirah Muscat Bay resort.
value paraphrased from this source
https://omran.om/projects/jumeirah-muscat-bay

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
Local lenders BankMuscat and Bank Dhofar provided the development financing.
value seen: BankMuscat
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
Local lenders BankMuscat and Bank Dhofar provided the development financing.
value seen: Local lenders
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
Local lenders BankMuscat and Bank Dhofar provided the development financing.
value seen: BankMuscat and Bank Dhofar provided the development financing.
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
Local lenders BankMuscat and Bank Dhofar provided the development financing.
value seen: Bank Dhofar
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
Local lenders BankMuscat and Bank Dhofar provided the development financing.
value seen: Local lenders
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
Local lenders BankMuscat and Bank Dhofar provided the development financing.
value seen: BankMuscat and Bank Dhofar provided the development financing.
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
The UAE/Australian Habtoor Leighton Group is building both hotels.
value seen: Habtoor Leighton Group
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
The UAE/Australian Habtoor Leighton Group is building both hotels.
value seen: building both hotels
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
The UAE/Australian Habtoor Leighton Group is building both hotels.
value seen: The UAE/Australian Habtoor Leighton Group is building both hotels.
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
The local WJ Towell is constructing the three residential zones.
value seen: WJ Towell
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
The local WJ Towell is constructing the three residential zones.
value seen: constructing
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
The local WJ Towell is constructing the three residential zones.
value seen: The local WJ Towell is constructing the three residential zones.
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
The local subsidiary of the UAEs Drake & Scull International has been awarded the mechanical, electrical and plumbing (MEP) contract for the hotels.
value seen: Drake & Scull International
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
The local subsidiary of the UAEs Drake & Scull International has been awarded the mechanical, electrical and plumbing (MEP) contract for the hotels.
value seen: MEP contract
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
The local subsidiary of the UAEs Drake & Scull International has been awarded the mechanical, electrical and plumbing (MEP) contract for the hotels.
value seen: The local subsidiary of the UAEs Drake & Scull International has been awarded the mechanical, electrical and plumbing (MEP) contract for the hotels.
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESS2015-09-14

Oman tourism development secures financing

MEED
The Local/UK Carillion Alawi carried out infrastructure works.
value seen: Carillion Alawi
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: partner type

PRESS2015-09-14

Oman tourism development secures financing

MEED
The Local/UK Carillion Alawi carried out infrastructure works.
value seen: infrastructure works
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: summary

PRESS2015-09-14

Oman tourism development secures financing

MEED
The Local/UK Carillion Alawi carried out infrastructure works.
value seen: The Local/UK Carillion Alawi carried out infrastructure works.
https://www.meed.com/oman-tourism-development-secures-financing/

Sources: name

PRESS2026-01-12

Luma Residences unveiled with RO 20 million investment

Oman Observer
The launch ceremony witnessed the signing of an agreement with ahlibank to finance the Luma Residences project, along with another agreement to finance buyers of various nationalities wishing to own residential units, a move that enhances the project's appeal and expands its beneficiary base.
value seen: ahlibank
https://www.omanobserver.om/article/1182615/business/economy/luma-residences-unveiled-with-ro-20-million-investment

Sources: partner type

PRESS2026-01-12

Luma Residences unveiled with RO 20 million investment

Oman Observer
The launch ceremony witnessed the signing of an agreement with ahlibank to finance the Luma Residences project, along with another agreement to finance buyers of various nationalities wishing to own residential units, a move that enhances the project's appeal and expands its beneficiary base.
value seen: agreement with ahlibank to finance
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.omanobserver.om/article/1182615/business/economy/luma-residences-unveiled-with-ro-20-million-investment

Sources: summary

PRESS2026-01-12

Luma Residences unveiled with RO 20 million investment

Oman Observer
The launch ceremony witnessed the signing of an agreement with ahlibank to finance the Luma Residences project, along with another agreement to finance buyers of various nationalities wishing to own residential units, a move that enhances the project's appeal and expands its beneficiary base.
value seen: ahlibank to finance the Luma Residences project and buyers
held out of the figures · the quote does not carry this value
https://www.omanobserver.om/article/1182615/business/economy/luma-residences-unveiled-with-ro-20-million-investment

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Omanactive 4 projects tracked

What they build

2 types
Residential, for sale3 of 4
Hotel1 of 4
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
SH
Sheikh Hamood bin Sultan Saif Al Hosni
Sheikh Hamood is identified as Muscat Bay’s CEO and is the public executive spokesperson for the development. His documented background is in civil engineering and Oman’s public-utility and investment sectors, including senior and board roles; his investor-facing commentary focuses on integrated tourism, demand discipline and buyer finance.
Current title
CEO, Muscat Bay
Experience
no career length stated
Companies before
Muscat MunicipalityNational Securities Company SOAGOman Environmental Services Holding Co. SAOCOman Waste Water Services Co. SAOCWater Front Investment Co. SAOC
Education
Sultan Qaboos Universitydegree in civil engineering
Other boards
National Securities Company SOAGOman Environmental Services Holding Co. SAOCOman Waste Water Services Co. SAOCWater Front Investment Co. SAOC
Known for
CEOCivil engineeringSultan Qaboos UniversityOman infrastructureTourism development
Our key area of focus is promoting the integrated tourism and real estate project. The Business Year Dec. 05, 2021https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/
In times like this, it is important to be resilient and have strategies aimed at building investor confidence. The Business Year Dec. 05, 2021https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/

Sources: institution

PRESS2021-12-05

Sheikh Hamood bin Sultan Saif Al Hosni - The Business Year

The Business Year
He has a degree in civil engineering from Sultan Qaboos University.
value seen: Sultan Qaboos University
https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/

Sources: quote

PRESS2021-12-05

Sheikh Hamood bin Sultan Saif Al Hosni - The Business Year

The Business Year
Our key area of focus is promoting the integrated tourism and real estate project.
value seen: Our key area of focus is promoting the integrated tourism and real estate project.
https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/

Sources: quote

PRESS2021-12-05

Sheikh Hamood bin Sultan Saif Al Hosni - The Business Year

The Business Year
In times like this, it is important to be resilient and have strategies aimed at building investor confidence.
value seen: In times like this, it is important to be resilient and have strategies aimed at building investor confidence.
https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/

Sources: summary

PRESS2021-12-05

Sheikh Hamood bin Sultan Saif Al Hosni - The Business Year

The Business Year
He has also held executive and non-executive positions at numerous companies, including the National Securities Company SOAG, and held board positions for Oman Environmental Services Holding Co. SAOC, Oman Waste Water Services Co. SAOC, and Water Front Investment Co. SAOC. He has a degree in civil engineering from Sultan Qaboos University.
value seen: degree in civil engineering from Sultan Qaboos University
value paraphrased from this source
https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/

Sources: title

PRESS2021-12-05

Sheikh Hamood bin Sultan Saif Al Hosni - The Business Year

The Business Year
Sheikh Hamood bin Sultan Saif Al Hosni is the CEO of Muscat Bay.
value seen: CEO of Muscat Bay
https://thebusinessyear.com/interview/sheikh-hamood-bin-sultan-saif-al-hosni/
AA
Abdulla Al Nasseri
Abdulla Al Nasseri is Muscat Bay’s Vice President Customer Experience and is documented as serving as Acting CEO during CEO absences. His remit spans customer and community operations, asset and facilities management, handover, procurement, contracts, regulatory matters and lifecycle performance across the integrated development.
Current title
Vice President Customer Experience; Acting CEO during CEO absences
since Oct 2017 - Present
Experience
17+ years real estate
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Vice PresidentActing CEO experienceHandoverAsset managementDevelopment governance
https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b

Sources: linkedin page

SOCIALdate not shown in source

Abdulla Al Nasseri

LinkedIn
Vice President Customer Experience - Muscat Bay (Current) Oct 2017 - Present (9 years) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b
value paraphrased from this source
https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b

Sources: since

SOCIALdate not shown in source

Abdulla Al Nasseri

LinkedIn
Vice President Customer Experience - Muscat Bay (Current) Oct 2017 - Present (9 years) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Oct 2017 - Present
https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b

Sources: summary

SOCIALdate not shown in source

Abdulla Al Nasseri

LinkedIn
Serve as Acting CEO during CEO absences, overseeing Sales & Marketing, Finance, Commercial, HR, Legal, IT and Technical functions alongside own responsibilities.
value seen: Serve as Acting CEO during CEO absences
https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b

Sources: tags

SOCIALdate not shown in source

Abdulla Al Nasseri

LinkedIn
Senior real estate executive with 17+ years of experience across the full property lifecycle in Oman, from ITC land, regulatory and transaction matters through development, off-plan sales, handover, asset management and community operations.
value seen: 17+ years of experience
value paraphrased from this source
https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b

Sources: title

SOCIALdate not shown in source

Abdulla Al Nasseri

LinkedIn
Vice President Customer Experience - Muscat Bay (Current) Oct 2017 - Present (9 years) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Vice President Customer Experience
https://linkedin.com/in/abdulla-al-nasseri-8bbb9b4b
JS
Jawad Sajid
Jawad Sajid leads Muscat Bay’s sales and marketing function and reports directly to the CEO and board members. His current mandate includes Phase 2 launch strategy, pricing and product positioning, international broker coverage, sales processes, budgets and market-facing communications; his prior track record includes senior sales roles at Sobha Realty.
Current title
Vice President of Sales & Marketing
since Nov 2022 - Present
Experience
no career length stated
Companies before
Sobha Realty
Education
not published
Other boards
none sourced
Known for
Vice PresidentSales & marketingPhase 2 launchEx-Sobha RealtyInternational distribution
https://linkedin.com/in/jawad-sajid-56014038
We are proud to host our partners at our newest addition and focus on a continued sales growth curve. Times of Oman June 29, 2022https://cdn-1.timesofoman.com/article/118508-muscat-bay-is-now-closer-to-opening-of-new-downtown-showroom-at-shatti-waterfront

Sources: linkedin page

SOCIALdate not shown in source

Jawad Sajid

LinkedIn
Vice President of Sales & Marketing (Current) Nov 2022 - Present (3 years and 10 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: https://linkedin.com/in/jawad-sajid-56014038
https://linkedin.com/in/jawad-sajid-56014038

Sources: previous companies

SOCIALdate not shown in source

Jawad Sajid

LinkedIn
Previous roles include Vice President of Sales at Muscat Bay, Assistant Vice President Sales at Sobha Realty, and General Manager-Sales at Sobha Realty.
value seen: Sobha Realty
https://linkedin.com/in/jawad-sajid-56014038

Sources: quote

PRESS2022-06-29

Muscat Bay is now closer to opening of new downtown showroom at Shatti Waterfront

Times of Oman
We are proud to host our partners at our newest addition and focus on a continued sales growth curve.
value seen: We are proud to host our partners at our newest addition and focus on a continued sales growth curve.
https://cdn-1.timesofoman.com/article/118508-muscat-bay-is-now-closer-to-opening-of-new-downtown-showroom-at-shatti-waterfront

Sources: since

SOCIALdate not shown in source

Jawad Sajid

LinkedIn
Vice President of Sales & Marketing (Current) Nov 2022 - Present (3 years and 10 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Nov 2022 - Present
https://linkedin.com/in/jawad-sajid-56014038

Sources: summary

SOCIALdate not shown in source

Jawad Sajid

LinkedIn
Reporting direct to CEO and Board members and part of company management team Responsible for launching Phase 2 of the project from design to pricing and launch strategies.
value seen: Responsible for launching Phase 2 of the project from design to pricing and launch strategies.
https://linkedin.com/in/jawad-sajid-56014038

Sources: tags

SOCIALdate not shown in source

Jawad Sajid

LinkedIn
Previous roles include Vice President of Sales at Muscat Bay, Assistant Vice President Sales at Sobha Realty, and General Manager-Sales at Sobha Realty.
value seen: Assistant Vice President Sales at Sobha Realty
value paraphrased from this source
https://linkedin.com/in/jawad-sajid-56014038

Sources: title

SOCIALdate not shown in source

Jawad Sajid

LinkedIn
Vice President of Sales & Marketing (Current) Nov 2022 - Present (3 years and 10 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Vice President of Sales & Marketing
https://linkedin.com/in/jawad-sajid-56014038
HS
Harendra Sapumal MAIQS
Harendra Sapumal is identified as Muscat Bay’s Commercial Manager, with a long tenure at Saraya Bandar Jissah (Muscat Bay). His documented professional qualification is in quantity surveying and construction management, relevant to commercial control of a complex mixed-use development.
Current title
Commercial Manager
since Dec 2012 - Present
Experience
13+ years at muscat bay
Companies before
none sourced
Education
Sheffield Hallam UniversityBachelor's degree in Construction Management and Quantity Surveying
Other boards
none sourced
Known for
Commercial ManagerQuantity surveyingConstruction management
https://linkedin.com/in/harendra-sapumal-maiqs-662302120

Sources: degree

SOCIALdate not shown in source

Harendra Sapumal MAIQS

LinkedIn
Bachelor's degree, CONSTRUCTION MANAGEMENT AND QUANTITY SURVEYING at SHEFIELD HALLAM UNIVERCITY
value seen: Bachelor's degree, CONSTRUCTION MANAGEMENT AND QUANTITY SURVEYING
https://linkedin.com/in/harendra-sapumal-maiqs-662302120

Sources: institution

SOCIALdate not shown in source

Harendra Sapumal MAIQS

LinkedIn
Bachelor's degree, CONSTRUCTION MANAGEMENT AND QUANTITY SURVEYING at SHEFIELD HALLAM UNIVERCITY
value seen: SHEFIELD HALLAM UNIVERCITY
value paraphrased from this source
https://linkedin.com/in/harendra-sapumal-maiqs-662302120

Sources: linkedin page

SOCIALdate not shown in source

Harendra Sapumal MAIQS

LinkedIn
Commercial Manager - Saraya Bandar Jissah (Muscat Bay) (Current) Dec 2012 - Present (13 years and 8 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: https://linkedin.com/in/harendra-sapumal-maiqs-662302120
https://linkedin.com/in/harendra-sapumal-maiqs-662302120

Sources: since

SOCIALdate not shown in source

Harendra Sapumal MAIQS

LinkedIn
Commercial Manager - Saraya Bandar Jissah (Muscat Bay) (Current) Dec 2012 - Present (13 years and 8 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Dec 2012 - Present
https://linkedin.com/in/harendra-sapumal-maiqs-662302120

Sources: summary

SOCIALdate not shown in source

Harendra Sapumal MAIQS

LinkedIn
Bachelor's degree, CONSTRUCTION MANAGEMENT AND QUANTITY SURVEYING at SHEFIELD HALLAM UNIVERCITY
value seen: Bachelor's degree in Construction Management and Quantity Surveying
held out of the figures · the quote does not carry this value
https://linkedin.com/in/harendra-sapumal-maiqs-662302120

Sources: title

SOCIALdate not shown in source

Harendra Sapumal MAIQS

LinkedIn
Commercial Manager - Saraya Bandar Jissah (Muscat Bay) (Current) Dec 2012 - Present (13 years and 8 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Commercial Manager
https://linkedin.com/in/harendra-sapumal-maiqs-662302120
AA
Anood Al Maimani
Anood Al Maimani is a current Muscat Bay Project Manager, following earlier architecture roles on the same development. The documented profile describes experience in mixed-use real estate and identifies a master’s-level urban and regional planning background focused on architecture.
Current title
Project Manager
since Sep 2022 - Present
Experience
no career length stated
Companies before
COWI-Larsen Joint Venture Consulting Company
Education
University of New England (AU)Master of Urban and Regional Planning focused in Architecture
Other boards
none sourced
Known for
Project ManagerEx-architectMixed-use developmentUrban and regional planning
https://linkedin.com/in/anood-al-maimani-18135877

Sources: degree

SOCIALdate not shown in source

anood al maimani

LinkedIn
Master of Urban and Regional Planning focused in Architecture from University of New England (AU).
value seen: Master of Urban and Regional Planning focused in Architecture
https://linkedin.com/in/anood-al-maimani-18135877

Sources: institution

SOCIALdate not shown in source

anood al maimani

LinkedIn
Master of Urban and Regional Planning focused in Architecture from University of New England (AU).
value seen: University of New England (AU)
https://linkedin.com/in/anood-al-maimani-18135877

Sources: linkedin page

SOCIALdate not shown in source

anood al maimani

LinkedIn
Project Manager - Saraya Bandar Jissah (Muscat Bay) (Current) Sep 2022 - Present (3 years and 11 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: https://linkedin.com/in/anood-al-maimani-18135877
https://linkedin.com/in/anood-al-maimani-18135877

Sources: since

SOCIALdate not shown in source

anood al maimani

LinkedIn
Project Manager - Saraya Bandar Jissah (Muscat Bay) (Current) Sep 2022 - Present (3 years and 11 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Sep 2022 - Present
https://linkedin.com/in/anood-al-maimani-18135877

Sources: summary

SOCIALdate not shown in source

anood al maimani

LinkedIn
Experienced Senior Architect with a demonstrated history of working in the real estate industry. Skilled in AutoCAD, Computer-Aided Design (CAD), Mixed-use, Revit, and Comprehensive Planning. Strong arts and design professional with a Master of Urban and Regional Planning focused in Architecture from University of New England (AU).
value seen: Master of Urban and Regional Planning focused in Architecture from University of New England (AU)
https://linkedin.com/in/anood-al-maimani-18135877

Sources: title

SOCIALdate not shown in source

anood al maimani

LinkedIn
Project Manager - Saraya Bandar Jissah (Muscat Bay) (Current) Sep 2022 - Present (3 years and 11 months) in Muscat, Muḩāfaz̧at Masqaţ, Oman
value seen: Project Manager
https://linkedin.com/in/anood-al-maimani-18135877
AA
Abdulrahim Al Balushi
Abdulrahim Al Balushi is documented as Muscat Bay’s Assets & Operation Assistant Manager. His stated remit covers the operating strategy, post-operations management, facilities and cost-effective whole-life optimization of the project’s assets.
Current title
Assets & Operation Assistant Manager
since Nov 2022 - Present
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Assets & operationsFacilities managementWhole-life costingCurrent manager
https://linkedin.com/in/abdulrahim-al-balushi

Sources: linkedin page

SOCIALdate not shown in source

abdulrahim al balushi

LinkedIn
Assets & Operation Assistant Manager (Current) Nov 2022 - Present (3 years and 10 months) ... Muscat Bay ...
value seen: https://linkedin.com/in/abdulrahim-al-balushi
value paraphrased from this source
https://linkedin.com/in/abdulrahim-al-balushi

Sources: since

SOCIALdate not shown in source

abdulrahim al balushi

LinkedIn
Assets & Operation Assistant Manager (Current) Nov 2022 - Present (3 years and 10 months) ... Muscat Bay ...
value seen: Nov 2022 - Present
https://linkedin.com/in/abdulrahim-al-balushi

Sources: summary

SOCIALdate not shown in source

abdulrahim al balushi

LinkedIn
Define & implement an operating strategy with regards to post operations management and the cost effective optimization of all assets, Operations and facilities of the project.
value seen: Define & implement an operating strategy
https://linkedin.com/in/abdulrahim-al-balushi

Sources: title

SOCIALdate not shown in source

abdulrahim al balushi

LinkedIn
Assets & Operation Assistant Manager (Current) Nov 2022 - Present (3 years and 10 months) ... Muscat Bay ...
value seen: Assets & Operation Assistant Manager
https://linkedin.com/in/abdulrahim-al-balushi

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

4 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Jumeirah Muscat BayMuscat, Oman
Bandar al Jissah
hotel2061——OMA 60m
investment announced
———Jul 2018 – Dec 2018Dec 2022+50.5 mo
(+48.0 to +53.0)
sourcedcompleted
NameerMuscat, Oman
Bandar Jissah
residential for sale3312———2015April 2015Jan 2017 – Dec 2017Apr 2019 – Jun 2019+22.5 mo
(+16.0 to +29.0)
sourcedcompleted
WajdMuscat, Oman
Bandar Jissah
residential for sale221———2.5% booking / 7.5% down payment / 90% over 3 years1——Jan 2017 – Dec 2017Apr 2019 – Jun 2019+22.5 mo
(+16.0 to +29.0)
sourcedcompleted
ZahaMuscat, Oman
Bandar Jissah
residential for sale2001——OR 21.5m
contract value
40/6012014September 2014Jan 2017 – Apr 2017Apr 2019 – Jun 2019+26.5 mo
(+24.0 to +29.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

4 found
PROJECT AWARD Winner 4 June 2024 (reported 11 June 2024)
Luxury Residential Development of the Year – Oman · Muscat Bay
Muscat Bay was named Luxury Residential Development of the Year – Oman in the 2024 Real Estate Asia Awards.
PROJECT AWARD Winner 2015 (reported 17 January 2016)
Best New Hotel Construction and Design (International) · Saraya Bandar Jissah
Saraya Bandar Jissah was named Best New Hotel Construction and Design (International) at the International Property Awards Summit 2015.
PROJECT AWARD Winner 2015 (reported 17 January 2016)
Best New Hotel Construction and Design (Arabia) · Saraya Bandar Jissah
Saraya Bandar Jissah was named Best New Hotel Construction and Design (Arabia) at the International Property Awards Summit 2015.
PROJECT AWARD Winner 2015 (reported 17 January 2016)
Best Marketing Development (Arabia) · Saraya Bandar Jissah
Saraya Bandar Jissah was named Best Marketing Development (Arabia) at the International Property Awards Summit 2015.

Risks

Risk flags

1 found
DELIVERY DELAY Original target announced April 6, 2017; residential completion reported July 7, 2019
Muscat Bay (then Saraya Bandar Jissah) announced in April 2017 that its first phase would be completed and its first residents welcomed in 2017; a later construction report said the first residential phase was completed only in Q2 2019, indicating a delay against that announced timetable. The sources establish the missed target but do not establish the cause or any buyer remedy.

Record status

active
Coverageactive
Tracked sinceOctober 12, 2026
Last checkedOctober 13, 2026 this month
Profile last researchedOctober 13, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.