Jordan Dubai
Properties
Jordan Dubai Properties (JD Properties) is a public shareholding company listed on the Amman Stock Exchange (ASE: REIN) with a share capital of JOD 70 million. As the investment arm of Jordan Dubai Capital (JD Capital) in the Real Estate and Tourism sectors, JD Properties focuses on attracting a new niche market that positions the Kingdom as a vibrant, global tourism and business destination. JD Properties serves as a master planner, developer and investor in the Jordanian Real Estate and Tourism sectors. Its operations relate to real estate development, in all its forms, across the Kingdom of Jordan with a focus on tourism projects, commercial property and asset management within the Real Estate sector.
Ever since the transformation of Aqarco into JD Properties in April 2008 and the increase of JD Properties’ initial share capital from JOD 7.5 million to JOD 70 million, JD Properties has been spearheading a growing movement to creating niche real estate products that create and add value to its shareholders, the local community and Jordan's economy. Having grown to manage assets in excess of JOD 82 million, JD Properties’ successes can be attributed to strict transparency policies and adherence to international best practice, in addition to extensive financial clout and human resource capabilities.
Tourism Projects Portfolio
- Munya Tourism Resort
- Investment in Ayhaa Amman
- Zara Dead Sea Resort
- Wadi Rum Project
A world-class, eco-friendly and fully integrated woodland resort, ideally located to capitalize on the pristine natural resources of the Dibbeen Forest in the North of Jordan. The Munya Tourism Resort is the first ecotourism project of its kind and scope in the region and will be built in a manner that does not disrupt the local habitat. The project will be managed and operated by Amanresorts (www.amanresorts.com) one of the world's most exclusive resort operators, and will include hotel facilities, residences, a world-class spa, and an abundance of activities congruent to the nature of the area.
JD Properties acquired a controlling stake in Ahyaa Amman Real Estate Development Company, an entity established in 2004 with a vision to develop old neighborhoods in Amman while preserving their architectural and cultural heritage. Ahyaa Amman has been involved in preserving the historically significant neighborhood of Jabal Amman. Seeing as the regeneration of this centrally located district could pose tremendous potential for expansion and growth. The urban regeneration project will center on developing connections through the upgrading while preserving common-theme properties within larger districts within Jabal Amman area. Ahyaa Amman properties will be closely linked through the narrow winding streets, alleyways and staircases, creating a unique neighborhood for the areas comprising the project.
A unique resort situated in the south of Jordan’s Dead Sea area, the Zara development project will be an integrated resort that aims to create a community of homeowners and tourists.
The first desert tourism project of its kind in the Kingdom, the Wadi Rum project aims to create a resort in Wadi Rum that stimulates tourism in the South of Jordan.
The project will be managed by the world-renowned tourism operator; Amanresorts.
Commercial Property Portfolio
- Al Nisr
Specialized in commercial developments, property and facility management, Al Nisr provides services to all JD Properties' developments and others.
Investments
- Saraya Aqaba
- Madaen Al Shorouq
JD Properties acquired from JD Capital in 2008 a 4.2% stake in Saraya Aqaba, the large scale lagoon development project in the port city of Aqaba.
JD Properties acquired from JD Capital in 2008 a 30% stake in Madaen Al Shorouq , a major developer in the Mawared project in the city of Zarqa.
Future Plans
JD Properties will continue to focus on implementing its future programs and plans throughout the Kingdom. JD Properties is committed to capitalizing on the untapped investment opportunities in Jordan's Real Estate and Tourism sectors as part of its three-fold commitment to its investors, its community and the economy.