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Abu Dhabi-based real estate developer Al Maabar has revealed significant progress of its two landmark projects in Jordan during Cityscape Abu Dhabi.
The developer said that 50% of the residential units available for purchase at Al Raha Village in Aqaba’s Marsa Zayed have been sold.
Al Raha Village is the project’s first residential neighborhood, located on the southern edge of the development, and is slated for completion by the end of 2015.
H.E Mr. Yousef Al Nowais, managing director of Al Maabar said: “Our reports show that Jordan and the UAE are highly represented in the buyer nationality mix; the progress shown on the developments and the sales figures recorded indicate tangible confidence in what we are offering investors and homeowners – both here and abroad.”
In Aqaba, the 3.2mn m2 Marsa Zayed development is well on course for the completion of the project’s first phase and is currently the largest mega mixed-use development project envisioned in the region.
Marsa Zayed’s innovative development concept and world-class architecture and design have already been honored at the Arabian Property Awards for two consecutive years, in both 2012 and 2013.
One of the centerpieces of Marsa Zayed, the Sheikh Zayed Masjid, is set to be completed and delivered within the coming few months. Architecturally inspired by the Grand Masjid of Sheikh Zayed in Abu Dhabi, the Sheikh Zayed Masjid sits on the northern edge of Marsa Zayed and will accommodate 2,000 worshippers and include two main prayer halls – one for men and another for women – in its 3,890m2 of built up area. Together, the Sheikh Zayed Masjid and Al Raha Village comprise the first phase of development at Marsa Zayed.
