DarGlobal, a London-listed real estate developer, in collaboration with Art District Real Estate Development, has announced the launch of MAD, Muscat Marine, Art & Digital District, a new coastal development in Oman.
The project covers over 150 hectares and carries an estimated gross development value of 1.6 billion OMR (more than $4 billion USD). It is planned to be completed in phases over 12 years to include marinas, residential areas, cultural spaces, business hubs and hotels.
The district is intended to attract international investors, art collectors and entrepreneurs, as well as visitors seeking access to cultural and business opportunities in Muscat.
MAD will include marinas offering private berths for residents and opportunities for marine activities. The development will also host art exhibitions, digital hubs, retail spaces and business parks.
The project aligns with Oman’s national strategy to diversify the economy by supporting culture, tourism, technology and finance. MAD will also include a financial centre and a district-wide digital economy. Features such as digital licensing, asset exchange and ecosystem rewards are designed to facilitate business formation, investment and entrepreneurship.
Ziad El Chaar, CEO of DarGlobal, stated: “MAD represents a defining step in how Oman’s coastline will be experienced and how its future economy will emerge. Together with Art District Real Estate development, we are building a destination that goes beyond real estate to empower enterprise, attract global talent, support cultural production and unlock new economic value. MAD is a new gateway for Oman, one inspired by the sea and shaped by innovation.”
El Chaar added: “We are creating value beyond physical spaces. MAD is an ecosystem where creators, innovators and investors meet; not only to live or visit, but to participate. That participation defines the future of real estate, and we are proud to shape it in Oman.”
