Nobles Properties in deal to acquire Jordan real estate project

To acquire a residential development on the Airport Road in the capital Amman


Nobles Properties, an international real estate developer, said one of its units Shahd Jordan Real Estate Development Company, has reached an agreement with Jordan-based Manaseer Group to acquire a residential development on the Airport Road in the capital Amman.

Shahd Jordan Real Estate Development Company signed the purchase agreement with the Manaseer Investment Group at the latter’s headquarters. The project’s acquisition is the continuation of Nobles' first project in the area, AlShahd City.

Omar Ayesh, the Chairman of Nobles Properties, authorised the acquisition of a residential development on the Airport Road as part of the group’s expansion plans.

This agreement is the second of its kind in Jordan and reflects Nobles’ expansion strategy focused on unique mixed us properties, noted Ayesh.

"We create distinctive lifestyle developments and this project fits in line with our vision of setting new standards of real estate. We will continue our growth plans and ensure we offer our customers only assets with exceptional components," he added.

Shahd Jordan acquired the property along with all prior permissions the government granted and will fulfil all regulatory requirements associated with housing projects as well as completing private infrastructure works.

Wael Qassem, CEO of Shahd, signed the agreement with Muin Qadada, Vice Chairman of the Manaseer Group for the project.

"The initial phases of our project, which offered plots of land as well as completed villas, are considered among the fastest selling in Amman," he said.

The new expansion will offer 42 residential plots and two commercial plots at competitive rates once the development works get completed.-TradeArabia News Service

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