Manazel Real Estate plans to start selling off-plan property at its first overseas project in Jordan about eight years after it was first launched.
The Abu Dhabi developer hopes to attract buyers to its Manazel Amman project of 1,600 villas and apartments, which it is building on the outskirts of the Jordanian capital.
Manazel, whose projects include Al Reef Villas in the capital and Dune Village in Dubai, said that the 500,000-square-metre gated community development aimed at middle-income Jordanians would also include shops, mosques, gyms, a medical centre and a kindergarten.
The project, Manazel’s second-largest to date, will be launched on the first day of Cityscape Abu Dhabi, which is set to take place from tomorrow to Thursday.
Manazel first launched its Jordanian project, then known as Amman Gardens and comprising 1,863 villas, back in 2008. However, the developer was hit by the global financial crisis and forced to delay a number of planned projects.
“Manazel Amman is Manazel Real Estate’s first step in our strategic expansion outside of the UAE, and we expect strong demand from buyers at the exhibition and beyond,” said Hassan Fahmi, Manazel’s chief executive.
“Jordan is experiencing rapid population growth, and Manazel Amman provides affordable housing for residents,” he added.
Last year Manazel announced it was considering developing a Dh3 billion tourism project between Abu Dhabi and Dubai.
The company is also looking to build a 70,000 sq metre Capital Health Care City hospital and property project in Abu Dhabi and is working on 860 new homes in a new phase of Al Reef villas.
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