When Ahmed, a seasoned property developer in Muscat, came to us, he looked burdened. He had acquired a prime plot near the airport. And, secured government approval to build a mixed-use complex with retail and serviced apartments. But despite his strong track record, traditional banks hesitated due to the size of the project and market uncertainties.

“This loan gave me the courage to build when hesitation surrounded me. Today, the complex stands as proof that with the right support, even the boldest visions can rise from the ground.” — Ahmed.

Ahmed needed $6,000,000 to break ground. His land and preliminary works were professionally valued at $10,000,000, giving him an LVR of 60%. Emarati QT Partners structured a 7-year loan term, with a 2-year interest-only period. This was to allow construction and leasing to stabilize before repayments intensified.

Within three years, the complex was fully operational, boasting 85% occupancy in its retail units and strong pre-bookings in the serviced apartments. Ahmed later told us that the loan was his confidence to move forward when everyone else doubted him.