# Mawj Developments — real estate sample site | 4Ys

Source: https://4ys.org/showcase/mawj

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![Mawj signature mixed-use development at sunset](/assets/mawj-hero-CayYUaMV.jpg)

Mawj Developments · Founded 2011 · Muscat

# We build the addresses _Oman_ will remember.

A vertically integrated developer and investment manager. We originate, finance, build and operate institutional-grade real estate across the Sultanate.

[View portfolio](#portfolio)[Request a briefing](#contact)

OMR 1.1B

Assets under management

13

Active projects

15.7%

Weighted target IRR

7.7%

Stabilised portfolio yield

The Portfolio

## Live developments and core income assets.

AllMixed-UseResidentialHospitalityCommercial

![Al Hawajer Gate](/assets/mawj-hero-CayYUaMV.jpg)

Construction

Mixed-Use · Muscat · Bawshar

### Al Hawajer Gate

OMR 220M

Investment

18.4%

Target IRR

Q4 2027

Target

![Mawj Vertical](/assets/mawj-tower-1-BvVjjTSm.jpg)

Leasing

Residential · Muscat · Qurum

### Mawj Vertical

OMR 118M

Investment

16.2%

Target IRR

Q1 2026

Target

![Halat Sur Resort](/assets/mawj-resort-Bf35Avh4.jpg)

Planning

Hospitality · Sur · Coastal

### Halat Sur Resort

OMR 95M

Investment

14.8%

Target IRR

Q2 2029

Target

![Ghala Trade Plaza](/assets/mawj-office-CMBrcfOA.jpg)

Delivered

Commercial · Muscat · Ghala

### Ghala Trade Plaza

OMR 64M

Investment

13.6%

Target IRR

Q3 2025

Delivered

![Al Hawajer Marina Phase II](/assets/mawj-masterplan-Bb06Jcr5.jpg)

Planning

Mixed-Use · Muscat · Al Mouj coast

### Al Hawajer Marina Phase II

OMR 380M

Investment

17.1%

Target IRR

Q1 2030

Target

Our approach

## Vertically integrated. _Patiently capitalised._

01

### Origination

We source off-market land and partnership opportunities through 15 years of relationships across Muscat.

02

### Capital

We co-invest alongside sovereign, family-office and institutional capital - never just a placement agent.

03

### Delivery

Our in-house development team has delivered 1.6M m² over the past decade, on time, on budget.

04

### Asset management

We hold and operate stabilised assets in our core portfolio. Skin in the game.

Leadership

## The people behind the portfolio.

FA

### Faisal Al Harthy

Chairman & CEO

30 years across regional real estate, infrastructure and capital markets.

NM

### Noor Al Maamari

Chief Investment Officer

Former MENA head of acquisitions at a sovereign wealth fund.

TS

### Tariq Al Salmi

Chief Development Officer

Delivered 1.4M m² of mixed-use development across the GCC.

HZ

### Huda Al Zadjali

Head of Asset Management

Leads core portfolio of 9 stabilised income assets across Muscat.

Insights

## Research desk.

Quarterly briefings on Omani real estate trends, capital flows and regulatory shifts.

Market ReportApril 2026

### Oman Real Estate Outlook 2026

Residential transactions in Greater Muscat rose 14% YoY, led by branded residences in Bawshar and Al Mouj.

12 min read→

Sector BriefMarch 2026

### The case for branded residences in the GCC

Branded units traded at a 31% premium across the GCC last year. We unpack what this means for Omani developers.

8 min read→

Investment ThesisFebruary 2026

### Why we're long on Sur

Tourism infrastructure, marine conservation, and undersupplied luxury hospitality create a rare entry point.

6 min read→

Investor relations

## Capital partnerships.

We work with sovereign, institutional and family-office capital. Briefings are private and tailored to your mandate.

◎ Mawj House · MQ Business District, Muscat

◎ +968 2400 8000

◎ ir@mawj.om

Indicative ticket: USD 5–25MIndicative ticket: USD 25–100MIndicative ticket: USD 100M+Strategic / partnership enquiryRequest briefing