JORDAN: Eagle Hills Jordan To Open W Hotel Amman

Under the umbrella of Eagle Hills, the Abu Dhabi-based private real estate investment and development company, Eagle Hills Jordan has officially revealed its fourth project in Jordan – W Amman and The Skyline Residences serviced by W Amman.

Along with the announcement, Eagle Hills Jordan also launched sales of residential units to the public and opened a fully-furnished two-bedroom mock-up apartment located on the 31st floor to provide a preview of the design elements and views, allowing potential customers view The Skyline Residences serviced by W Amman.

Commenting on the new launch, Eagle Hills Jordan CEO Alaa Batayneh said: This is our fourth project being carried out in the Jordan, adding to our two developments in Aqaba, The St. Regis Amman and The Residences at The St. Regis Amman.

Not only will the new development crown Abdali, Amman’s new downtown area, but it will also allow future residents to live a truly extraordinary urban experience at The Skyline Residences, serviced by W Amman.

This new project reflects our collective commitment to Jordan’s socioeconomic progress, as it, along with our other three projects, will redefine the hospitality experience Jordan, expanding the number of hotel rooms to accommodate guests in the Kingdom and opening up a large number of new job opportunities.

W Amman will comprise of 280 guest rooms and suites, and will feature a number of F&B outlets such as the W Living Room experience, the W’s take on the traditional hotel lobby; FIT, a state-of-the-art fitness centre; WET pool deck and AWAY spa.

The hotel will also offer a 24-hour WIRED business centre and the W brand’s signature Whatever/Whenever service.

W Amman and The Skyline Residences serviced by W Amman mark a major milestone for Eagle Hills Jordan, as part of the company’s fourth development in the country, and the sixth hotel that it has successfully brought to the Kingdom.

Of these six hotels, four of them are to be operated by Marriott International, including the newly announced W Amman.

UAE: Shurooq, Emaar And Eagle Hills Partner In New Venture

Sharjah Investment and Development Authority (Shurooq) has partnered with Dubai’s Emaar Properties and Abu Dhabi real-estate developer Eagle Hills to establish Omran Properties, which will develop commercial, industrial and real estate projects in Sharjah and beyond. Sharjah’s real estate market has seen a transformation with the recent construction of large-scale master planned developments and changes to laws allowing foreigners to purchase 100 year leasehold properties.

Sharjah’s real estate sector has strengthened over the last five years, whilst prices have remained competitive with neighbouring emirates. New property laws allowing foreign ownership have given the market a boost, with residential, commercial and industrial property being made available for sale to GCC nationals or long-term lease-hold to foreign expatriates. Meanwhile, the development sector has been supported by a massive development drive by Sharjah Department of Public Works to develop Sharjah’s public infrastructure. Real estate and business services account for about 20 percent of Sharjah’s economy.

Under the memorandum of understanding (MoU) signed this week, Omran Properites will be headquartered in Sharjah. Shurooq will own 34 percent of the new company’s capital, while Emaar and Eagle Hills own 33 percent each. In addiiton to driving investment, commercial, industrial and real estate projects in Sharjah, the company will also establish new companies from time to time in order to achieve its goals.

One of the largest real estate developers in the Arab world, Emaar has ongoing projects in Africa, Asia, North America and the Middle East and is known for developing large scale residential and mixed-use projects. Emaar’s most famous developments are Burj Khalifa, the tallest building in the world, and Dubai Mall, the largest shopping mall in the world. The formation of Omran Properites will mark Emaar’s first foray into Sharjah’s real estate market.

Eagle Hills was established in 2014 to create developments for urban centres globally. The company currently has projects in Bahrain, Jordan, Morocco, Nigeria and Serbia.

Established in by Emiri Decree in 2009, Shurooq is the driving force behind the transformation of Sharjah into an investment, tourist and business destination. The authority’s current projects include economic initiatives, urban developments, tourism and leisure destinations, eco-tourism resorts, business destinations, historic restoration and archaeological sites.

Sharjah city is ranked as one of the top ten small and mid-sized cities lists for Economic Potential, Human Capital and Lifestyle, Cost Effectiveness, Connectivity and Business Friendliness fDI intelligence (a division of the Financial Times) in its 2014/2015 Global Cities of the Future report.