Royal Village receives excellent buyer response

The Royal Village Head Office and Sales Centre were officially opened at a high-profile ceremony on 11 September 2006 that was attended by His Excellency the Minister of Economy & Trade, Mr. Sharif Al Zu'bi, as well as senior dignitaries, VVIPs, government officials and businessmen.

The final master plan and model for the landmark development were also unveiled in the Sales Centre, located just 15 minutes from the centre of Amman. This key milestone follows the laying of the foundation stone for Royal Village under the patronage of and in the presence of His Majesty King Abdullah II in November 2005.
Royal Village is being promoted by Bayan Holding Company, a joint venture between Gulf Finance House (GFH), Kuwait Finance & Investment Company (KFIC) and its investors, with a capital of more than US$ 410 million.

A key component of the US$ 1.25 billion Royal Metropolis project in the Hashemite Kingdom of Jordan, Royal Village, is one of the most technologically advanced and energy-friendly gated residential communities. In addition to Royal Village, other significant components of the Royal Metropolis project include Jordan Gate and the recently launched Royal Resort & Spa.

Royal Village aims at creating a well designed, secure and luxurious environment which will appeal to individuals seeking to identify with an exclusive and fashionable lifestyle. Sales for the project are open to both GCC Nationals and residents giving them an excellent opportunity to own a second home in Jordan. It also expects to receive strong response for this project from high net worth individuals, especially Jordanians living overseas who are keen to invest in their home country.

Commenting on the Royal Village development, Mr. Esam Janahi, Chairman of Bayan Holding Company and Chief Executive Officer and Board Member of GFH, the leading investment bank responsible for originating and financing the Royal Metropolis project in Jordan, said:

"The opening of the Royal Village Head Office marks a major milestone in the ongoing progress of the project. It will help effectively showcase this unique development that has stirred up considerable enthusiasm among the local, regional and international buyers."

In addition to the Head Office, the new on-site state-of-the-art Sales Centre will serve as a fully integrated sales and support facility for the developers. Consisting of audio-visual and model display areas, it will be equipped to host guests, investors, events, press conferences, meetings, and will facilitate site tours. The Sales Centre will further help accelerate the strategic marketing and sales of Royal Village, an infrastructure development that has already elicited great investor response since its inception. The final master plan and model are now available for viewing at the Sales Centre that will be officially open to the public from 10 a.m. to 7 p.m.

"Through Royal Village, we aim at creating a well designed, secure and luxurious environment which will appeal to individuals seeking to identify with an exclusive and fashionable lifestyle. Thus, with Royal Village opening for sales, GCC Nationals and residents will have the opportunity to own a second home in Jordan. Additionally, we envisage and are confident of a strong response for this project from high net worth individuals, especially Jordanians living overseas who are keen to invest in their home country," Mr. Janahi added.

Commenting on the rapid progress of the Royal Village development at the formal opening of the new Head Office, Mr. Abdul Rahman Al-Saeed, Board Member of Bayan Holding Company and Vice Chairman & Chief Executive Officer of KFIC said: "Royal Village is a unique development that will complement the efforts of the Kingdom of Jordan, under the capable leadership of His Majesty King Abdullah II and with the support of His Excellency Dr. Marouf Al Bakhit, the Prime Minister, to optimally leverage the country's strengths and positively contribute to accelerating its economic growth. Royal Village will enhance Jordan's image as an investor-friendly destination and will further expand business by encouraging joint ventures and alliances."

Spread across 468,500 square metres and covering wide-open green spaces, Royal Village plans to meet the requirements of the country's population by offering over 1,000 technologically advanced and energy-efficient stylish homes comprising luxury villas, townhouses and apartments. The meandering walkways and tree-lined streets will set the stage for an ideal getaway from the hustle and bustle of city life. The development, which is located in Marj Al-Hamam, bordering the Dead Sea highway, will also feature a shopping mall catering to both the residents of Royal Village and residents of southern Amman.

Hill Villas

Among the villas, the top-end Hill Villas will be located on a natural hill in a low density build. In total, there will be 62 units available in four different design options, within a gated and secure environment set amidst dedicated amenities. With lush greeneries and beautiful landscaping, the Hill Villas will feature a health club and other sports facilities.

Park Villas & Park Townhouses

Other categories of villas include 117 four to five bedroom Park Villas. Available in three different design options, these are detached family villas located between the Hill Villas and the Park Townhouses. Each Park Villa will be available in several different size options and will include a two-car garage. Also on offer are 114 Park Townhouses located between the Park Villas and designated park areas. Available in four design options, these townhouses will be arranged in clusters and are aimed at middle to upper income, young professional Jordanian couples and families.

Key facilities and amenities at Royal Village will include a hotel, club house, parks, landscaped gardens, a shopping mall, a multi-screen Cinema theatre, tennis courts, state-of-the-art infrastructure, energy efficient solar solutions, fibre-optic cabling and a central gas distribution network amongst others.