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Burooj Properties rolls out Jordan investment

by ArabianBusiness.com staff writer on Saturday, 12 May 2007

Abu Dhabi Islamic Bank subsidiary, Burooj Properties, has launched property investment products within its ‘Burooj Jordan' project, which is located in Al Jeezah in the south of the capital, Amman.

Established in partnership with Jordanian company, Al Bustan Real Estate, the Burooj Jordan project consists of more than 130 pieces of land allocated for residential units, handicrafts and light industrial use.

Situated on a strategic location on the airport road, the project is approximately 56,000m2 in size, combining groups of residential units ranging between 750m2 and 1,000m2 each, and with the possibility of establishing a 24m (four-floor) residential building.

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In addition, the master plan will also include groups of land allocated for light industrial use ranging between 1,000m2 and 1,200m2, and other plots for smaller businesses, ranging between 300m2 and 400m2.

Burooj Jordan includes main roads and other branch roads to link all parts of the project, hence connecting it through a direct main road to the airport road.

The project will also have all the basic infrastructure such as water and wastewater facilities, telecommunications, electricity, as well as nearby service facilities such as schools, hospitals, mosques, and banks.

Ihsan Bilbesi, CEO, Al Bustan Real Estate, said: "The Burooj Jordan project is the first product that has emerged from our strategic partnership with Burooj Properties."

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