Oman Online News

RO 300 Million Worth Real Estate Deals Signed in Oman

Muscat: LEO Development announced a strategic partnership with 'Rove' to launch real estate projects in the Governorate of Muscat and the Special Economic Zone at Duqm (SEZAD) to the tune of RO 300 million.

According to Oman News Agency, the collaboration lays the foundation for the development of multiple Rove projects across the Sultanate of Oman, supporting the long-term regional growth ambitions of both partners and reinforcing Oman's position as an emerging destination for contemporary lifestyle hospitality.

The partnership is anchored by the signing of Rove Home Muscat Expressway, the brand's first branded residential development in Oman. The project represents a significant milestone for LEO Development as it brings an internationally recognized lifestyle brand to the Omani market. Rove is a joint venture between Emaar Properties and Dubai Holding, and has recorded strong regional growth, with over 8,000 units open or under development.

Rove Home Muscat Expressway, the first of several planned developments, will be located in a central and well-connected area near Muscat Hills, with direct access to major road networks. The site offers proximity to Muscat's primary business districts, urban destinations, Oman Convention and Exhibition Centre (OCEC), and Muscat International Airport. The project will comprise fully furnished one- and two-bedroom apartments and lofts, supported by a curated range of lifestyle amenities including a lap pool with jacuzzi, roof garden, retail and co-working spaces designed for modern urban living, in addition to the brand's signature Rove Caf©.

Commenting on the announcement, Viktor Serenkov, Chairman of LEO Development, expressed pride in the partnership with Rove, emphasizing a shared vision to respond to evolving lifestyle expectations and deliver developments defined by intention, cultural sensitivity, and long-term value. Paul Bridger, Chief Operating Officer at Rove Hotels, echoed this sentiment, highlighting LEO's understanding of the local market and Rove's lifestyle-led design philosophy as a platform for long-term growth.

As part of the long-term partnership, LEO Development and Rove are aligned on expanding the Rove portfolio across city hubs, leisure destinations, ITCs, and free zones in Oman, reinforcing Oman's position as an emerging destination for contemporary lifestyle hospitality in the GCC.