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Amman, Jordan: Omar Ayesh, Chairman of Nobles Properties, authorized the acquisition of a residential development on the Airport Road as part of the Nobles Group’s expansion plans. Shahd Jordan Real Estate Development Company, owned by Nobles, signed a purchase agreement for a housing project with the Manaseer Investment Group at the latter’s headquarters.
Wael Qassem, CEO of Shahd, signed the agreement with Muin Qadada, Vice Chairman of the Manaseer Group. 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.
Although the company has developed several smaller projects in the Hashemite Kingdom, Ayesh stated that this agreement is the second of its kind in Jordan and reflects Nobles’ expansion strategy focused on unique mixed us properties. “We create distinctive lifestyle developments,” Ayesh said; “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.”
The project’s acquisition is the continuation of Noble’s first project in the area, AlShahd City, stated Qassem. “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 group plans on continuing its formula of offering SMART, sustainable residential villas as well as plots of land with integrated infrastructure facilities during 2021. The new expansion will offer 42 residential plots an 2 commercial plots at competitive rates as soon as the development works are completed.
Manaseer’s Vice Chairman Qadada emphasized that the project was among the group’s most prestigious developments and expressed appreciation that the project it had begun would be brought to fruition with an equally capable developer.
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Nobles Properties is an international real estate developer that builds distinctive lifestyle developments. The company’s Corporate Social Responsibility program includes over a thousand scholarships in 10 countries around the world, in addition to its strategic partnership with local charities and social development programs. Omar Ayesh, the company’s founder, built one of the region’s most iconic projects in Dubai, the Princess Tower, which reigned as the tallest residential tower in the world for years. Nobles Properties was established in 2008 and operates in North America, the Middle East and North Africa.
© Press Release 2021
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