Taameer Jordan Holdings was established in 2005 in Amman, and set out to be one of the largest companies to operate in real-estate development on a regional level. The company was founded with a capital investment worth JD 212 million and the size of the investments it made in the Jordanian market exceeds JD 890 million today. it is ranked the 7th largest company amongst the 30 top market players listed in the Jordan stock exchange.
The value of its Initial Public Offering (IPO) was closed for JD 670 million which is 14 times greater than its initial value and the largest ever recorded in the Amman Stock Exchange. Taameer Jordan Holdings’ Board of Directors is headed by Mr. Khalid Al Dahleh. The company has a long list of subsidiary and sister companies operating under its umbrella.
All these companies work to enhance Taameer Jordan Holdings’ levels of productivity at all stages of its projects’ development. These companies were established in compliance with Taameer Jordan Holdings’ vision to pioneer, excel, and expand within the Hashemite Kingdom of Jordan and the region at large. The company strives to serve all segments of the community by catering to the real-estate related needs of an expanding client base and positively contributing to the socio-economic development of the communities it operates in.
On a different level, Taameer Jordan Holdings strives to generate higher levels of return on investment for its shareholders by expanding the scope of its operations to include markets of the Middle East and North Africa. The companies operating under Taameer Jordan Holdings umbrella include; Taameer Investment, Al Andalucia for Resort Development, Al Madariyoun Fabrications, Al Madariyoun Concrete, Al Mashkat for Property Management, Tiraz Constructions, Al Qabas for Real-Estate Development and others.
Taameer Jordan Holdings also holds shares in other companies operating within the Jordanian and regional real-estate sector including; Darkom Mortgage Loan Insurance Company, Bayt for Property Management and Sales Services, and Enwan for Mortgage Finance. The projects currently being developed by Taameer Jordan Holdings include; Al Andalucia in Amman, The Red Sea Resort, Mansion Hills and Ayla Park Plaza in Aqaba, Alhl Al Azm residential city project located in the Al Jiza district, the Gardens Villas project located in the city of Al Zarqa, and Al Mushata industrial city in Amman.
Taameer Jordan Holdings is also planning to launch more projects in the future. These projects are planned based on strategic market research and with the sole aim of elevating the levels of social and economic development in Jordanian communities. Taameer Jordan Holdings enjoys a competitive advantage in the Jordanian market as it invests a total of JD 6 billion in the market.
This sizable investment is further demonstrated in the impressive size of construction seen on the ground. Taameer Jordan Holdings also forms strategic partnerships with front and back line players within the real-estate industry including factories producing concrete, wood, door frames, aluminum, glass, and other building materials. It also formed an alliance with The Social Security Corporation, The Housing and Urban Development Corporation, The National Investment Corp, Mawared, Savola Group, and the United Arab Investors Corporation (UAIC).
Andalucia spreads over a plot of land that is 800,000 sqm in size. It is located 20km away from the 7th circle towards the Queen Alia International Airport and is the first model city of its type to be launched in Jordan. It consists of 600 villas created using 10 different architectural designs. Those who choose Andalucia to be their home will also enjoy the facilities provided by the Andalucia health club, shopping centers, restaurants, coffee shops and parks. They will also enjoy indoor and outdoor swimming pools, a clinic and much more. The village is constructed with an investment worth JD 150 million.
The resort’s total area is 147000 sqm. The project is part of Al Qabas for Real Estate Development and was set up with a capital worth USD 60 million. The resort is located on the southern shores of the portal city of Aqaba and about 9km away from the Aqaba city center. It consists of 260 villas with 4 different designs. The houses created within its bounds will combine the attributes of individuality and unity in one. While each house caters the individual needs and preferences of its future residents, the resort as a whole emits an overall sense of unity and harmony. The resort hosts a health spa, a fully equipped health club, a gymnasium, swimming pools, captivating sights of greenery and other entertainment outlets all designed to transport you to far way tranquility and peace. The land consists of roads and walkways, parks and multitude of entertainment facilities.
Founded with an investment worth JD 50 million this project forms part of Al Qabas for Real-Estate Development large scale development endeavor, the Al Sharq City. The village is located in the heart of Zarqa and is founded as part of efforts made to organize the Zarqa city housing district with plans for completion set in 2010. The first phase of the project is to include 250 semi attached villas, built on 69000 sqm of land. The second phase, to be completed in 2010 will include 200 villas.
Ahla Al Azm project is founded with a capital investment worth US$ 1 billion, and is expected to be completed by 2013. It is spread over 7500000 sqm. It is a full size city of which 60% is allocated as a housing section and caters to the needs of families with medium sized incomes. The project offers 15754 housing units flats which are between 80 to 180 sqm in size, and villas that are 307 and 311 sqm in size. The project also offers 2010 office spaces all of which vary in size between 100 to 200 sqm in size.
The Ayla Park consists of two office buildings consisting of 5 floors on the space of 8000 sqm,as well as 4 buildings encompassing approximately 34 stores. It is spread over a 14,000 sqm plot of land, and is conveniently located in the heart of the city of Aqaba. TJH has finished Ayla Park Plaza.
Mansion Hills project is a modern tourist resort located on the southern coast of the Jordanian seaside city of Aqaba in Jordan. Boasting a capital investment that exceeds USD 2 Billion, the blueprint for the Mansion Hills project comprises approximately 27,000 condominiums and penthouses with varying designs. The project will also incorporate international five and four-star hotels, chalets and an aqua park. Mansion Hills will also host a cinema, a number of sport courts, swimming pools, gardens, restaurants, cafes, health clubs, spas, and shopping complexes combining traditionalism with modernity. The condominiums and penthouses will be designed to combine comfort and style. They will reflect luxurious standards living up to the project’s name (Mansion Hills). Lakes, waterfalls, numerous cascades; and the aqua park on site will add a new quality to the city. The project consists of 3 phases that will be completed in 9 years. It covers 3.5 million SQM, while construction will not exceed 21% of the total land area leaving 79% as open space.
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