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Marasi Development — Sultanate of Oman

Building Dreams,
Creating Legacies

Oman's premier real estate consortium — four powerhouse partners united to deliver landmark developments that shape the nation's skyline and honour its heritage.

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500,000+
Sqm Developed
40+
Years Combined Experience
4
Partners
1,000+
Professionals
Marasi Development — Premium Omani Real Estate Interior Excellence

Our Story

A Legacy of Excellence in Omani Real Estate

Marasi Development LLC is a visionary real estate consortium in the Sultanate of Oman, uniting four powerhouse shareholders — Abaad Investment, Myrad Investment, Shaksy Engineering Services, and Premier Projects Development — each holding an equal stake in the company's vision and future.

With over 500,000 sqm of total built-up area and more than 40 years of combined experience, we deliver landmark projects that shape Oman's skyline. Backed by our strategic affiliate Shaksy Engineering Services — an Excellent Grade, ISO 9001 certified contractor with over 1,000 employees — we offer a fully integrated development capability from concept to completion, fully aligned with Oman Vision 2040.

Excellence
Relentless pursuit of the highest standards in design and delivery.
Integrity
Transparency and ethical practices in every engagement.
Innovation
Embracing new technologies and smart city solutions.
Sustainability
Environmentally responsible and community-focused developments.

What We Do

An Integrated Development Ecosystem

From master planning and design through construction and handover — Marasi delivers a complete, end-to-end real estate capability.

Construction Management
01

Construction Management

Powered by Shaksy Engineering Services — an Excellent Grade, ISO 9001 certified contractor with 310,894 sqm constructed and over 1,000 skilled professionals.

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Real Estate Development
02

Real Estate Development

Over 215,750 sqm developed across residential, commercial, hospitality, and mixed-use projects — including smart city communities with Planet Smart City.

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Property Investment
03

Property Investment

Backed by NASDAQ-listed NESR and a $1B+ portfolio, we provide robust capital access and international market reach for premium Omani real estate investment.

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Our Consortium

Four Partners.
One Unified Vision.

Marasi Development is owned equally by four distinguished Omani entities, each contributing a unique and complementary set of capabilities. Together, they form a complete, vertically integrated real estate development ecosystem.

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Abaad Investment

A leading Omani investment company with a strong track record in real estate and diversified investments. Abaad brings strategic financial acumen and a deep understanding of the Omani market, providing the consortium with robust capital access and investment structuring expertise.

Investment Finance Strategy
Myrad Investment

Myrad Investment brings extensive experience in real estate development and investment across the Sultanate of Oman. With a portfolio spanning residential, commercial, and mixed-use developments, Myrad contributes deep market knowledge and a proven development track record.

Development Real Estate Portfolio
Shaksy Engineering Services

An Excellent Grade, ISO 9001 certified contractor and the construction backbone of the Marasi consortium. With over 1,000 skilled professionals and 310,894 sqm of successfully constructed projects, Shaksy delivers world-class engineering and construction excellence.

Engineering Construction ISO 9001
Premier Projects Development

A specialist in project management and real estate development, Premier Projects Development LLC brings rigorous project oversight, development management expertise, and a commitment to delivering projects on time and to the highest quality standards.

Project Management Development Quality

Our Portfolio

Landmark Developments
Across Oman

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Premium Residential Development Pipeline
Residential · Luxury

Premium Residential Villas

Muscat, Sultanate of Oman
ResidentialType
LuxuryGrade
TBDDelivery
Commercial Development Completed
Commercial · Mixed-Use

Commercial & Retail Complex

Muscat, Sultanate of Oman
CommercialType
Grade AStandard
2024Delivered

Our Purpose

Shaping the Future of Oman, Aligned with Vision 2040

Every development we undertake is guided by Oman's national Vision 2040 — a commitment to sustainable urban development, economic diversification, and creating thriving communities for future generations.

Building for the Future
Innovative, sustainable developments that shape the future of Omani urban living.
Creating Thriving Communities
Vibrant, inclusive, and well-planned neighbourhoods where families grow and prosper.
Inspired by Oman
Deep respect for Omani culture, heritage, and Islamic values woven into every design.
Oman Vision 2040 — Marasi Development

"Committed to creating exceptional, sustainable, and value-driven communities for the future of Oman."

— Marasi Development Brand Promise

Latest Updates

News & Insights

All News
Construction Milestone
Construction

Shaksy Engineering Achieves ISO 9001 Recertification

Marasi's construction arm reaffirms its commitment to quality management excellence.

February 2026
Partnership
Partnership

Marasi Partners with Planet Smart City for Sustainable Communities

A strategic alliance to deliver smart, technology-enabled communities aligned with Oman Vision 2040.

January 2026

Get In Touch

Let's Build Something Exceptional

Ready to discuss your next project or investment opportunity? Our team is here to help bring your vision to life.

Office Address
Muscat, Sultanate of Oman
Office Hours
Sun – Thu: 8:00 AM – 5:00 PM
Fri – Sat: Closed