Full Description

Al-Hummar Hills is the developers salute to a place with great heritage and distinctive character. Al-Hummar Hills represents the beauty of nature and the charm of Jordan and its brilliant future.

The project will establish an elite community that enjoys the ultimate in luxury and comfort.

Al-Hummar is a precious gem in Amman, characterised by strikingly green countryside, Al-Hummar is located on the outer edge of West Amman. Boasting exceptional natural views it also enjoys a moderate climate all year around. This undiscovered investment hotspot will provide an excellent opportunity for high capiatl growth and a strong rental demand all year round

A luxuriious gated community with 24 hour security offering its residents world class living and facilities as follows:

• 24 security
• Health club & swimming pool.
• Sports courts (tennis, volley, basketball).
• General celebrations / multipurpose hall.
• Kids play area. Kids cycling loop.
• Central park and amusement facility.
• Beautiful landscapes and walkways.
• Central TV & satellite reception.
•  Wireless internet available

This private villa residence will provide distinctive homes which will redefine everyday living. The community includes 36 elegant homes ranging in size from 411 sqm to 615 sqm each with either 3 or 4 bedrooms. Each residence will have 3 floors. All villas are built to the highest standards featuring luxurious finishes, underfloo heating, air conditioning, home automation and elevator.

Since April, 2005 the price of real estate and apartments had almost increased 3 folds. Jordan has excellent security and the economic growth is very promising. The privatization of all sectors is very rapid too. The real estate market will keep increasing at a good pace, especially with high a population growth of some 3.5% annually. A high percentage of Jordanians working in the rich-oil gulf countries, they continously transfer a good part of their income back into their homeland.

Recent years have seen the beginnings of a strong period of growth and investment in the Jordan real estate market, as increasing numbers of investors and developers look to capitalise on the country's high economic growth and political stability.

The past five years have seen increasing numbers of non-Jordanians purchasing property in Jordan, predominantly in the major commercial centres of Amman and Zarqa. In particular, increasing numbers of Kuwaiti's, Saudi's, Syrians and Iraqi's have bought property in Jordan, looking to capitalise on the consistent period of economic growth in the region since 2002.

It is thought that there are three main factors which have resulted in this growth in the market for property in Jordan. The first reason is the security and stability of Jordan. The second reason was the reform of a number of public policies which resulted in lower interest rates in Jordan, this cheaper form of borrowing again caught the eye of overseas property investors. The final factor was the amended Landlords and Tenants Law No.11, which effectively ended the fixed rent era in Jordan, and saw the market move to a more self-regulatory model.

It is estimated that the market for property in Jordan will continue to grow at up to 20% per annum. More general factors such as the changing attitudes towards owning apartments and the gradual maturing of a relatively young population is likely to result in continued organic growth in the Jordan property market.

As a result of these confident projections of growth in the Jordan property market, major development projects such as the Abdali project and King Abdullah Bin Abdul Aziz City are already well underway. As well as this, new large-scale projects in destinations such as Aqaba are also under consideration, and an increasingly pro-investment legislature has overseen the handover of numerous large plots of land to major developers for these major projects. As these large-scale projects come online, it is likely that the Jordan property market will experience a period of sustained, aggressive growth.

With property in Jordan currently more affordable than other countries in the region, there is an increasing amount of interest in the region from overseas investors. This external interest, coupled with an increasing amount of local interest, is likely to result in a sustained period of economic growth in the Jordanian property market, and favourable returns for overseas property investors.