Project Objectives
Aqaba development Corporation invites investors to benefit from numerous investment opportunities available at the North Business District. The District is strategically located in the northern part of Aqaba with proximity to the city center, King Hussein International Airport, the Dead Sea road and the desert highway connecting Aqaba to Amman city, the capital of Jordan. It is also surrounded by some of the zone's central health, educational academies , residential and commercial projects. The current Major Investment located in the district and near it are Aqaba Special Economic Zone Authority Building, Arab Bank, University of Jordan — Aqaba Branch, Prince Hashem Bin Abdullah Military hospital, Raya Plaza and many more
Total Area
704.000 m2
Land use
commercial
Parcel area info
4000 — 10000 m2
Agreement Type
Land Development and ownership transfer.
Infrastructure
Available state of the art infrastructure, modern road network, service roads and parking lots .
Land prices
Land adjacent to the main roads: 120 JD
Interior Land
100 JD / m2 Land productivity of the project's land plots regarding the allowed hights and built up area where the total built up area percentage reaches 250%
Payments
First installment is due upon signing the land development and ownership transfer Agreement Second installment is due 12 months from the date of signing the agreement Third & final installment is due 24 months from the date of signing the agreement.
The Ownership Transfer
Land ownership transfer to second party is subject to settling all due payments in addition to developing 40% of the project. The progress of the project will be estimated by comparing the actual cost of the completed development of the project with the estimated total development cost of the entire project as per the general scheme / master plan included in the agreement..