Nobles Properties, based in the UAE, has begun selling residential plots in Phase Two of the AlShahd City 4 project in Jordan. AlShahd City 4 is the largest private residential compound in Jordan. In total, it will undergo development in three phases. This will spread across an area of over 2000 square metres.
The decision to release the second phase ahead of schedule resulted from market demand. The project's strategic location, established infrastructure, flexible payment plan, and outstanding amenities fueled high customer demand. As a result, the project's initial stage sold at a fast pace.
INFRASTRUCTURE AND AMENITIES
Nobles Properties, a real estate developer based in Dubai, will provide integrated infrastructure for AlShahd City 4. This infrastructure includes roads, electricity, water, and sewage networks. The development will have parks and public services in a safe, gated environment. The project aims to offer a unique lifestyle. It also marks a significant advancement in residential compounds in the Jordanian market.
FUTURE PROJECTS
Nobles has many residential, hospitality, and industrial projects in the design process, ready for launch. This is according to Group Chairman Omar Ayesh. The company's vision is to create cities that are sustainable, environmentally friendly, and provide great services. As a result, Nobles Properties' construction of AlShahd City 4 and future developments underline the company's ethos. It demonstrates the company's commitment to developing appealing and sustainable living environments in Jordan and beyond.
ATTRACTING INVESTMENT
With the launch of Phase Two of the AlShahd City 4 project, there are exciting prospects ahead for the Jordanian real estate market. The release of the second phase ahead of schedule suggests a positive market response and investor interest. But, the success of the initial stage and high demand also highlights the attractiveness of the project. This could attract more investment into Jordan's real estate market, from across domestic and international markets. So, this project is one you should keep an eye on. It will help stimulate the local economy and contribute to the development of Jordan's real estate market overall.
