MAG Group launches first residential development in Marsa Zayed masterplan

Staff Report

Dubai, UAE

MAG Group Holding, a diversified real estate development company, has announced Riviera Heights, the first luxury residential development in Marsa Zayed, Jordan’s largest mixed-use beach front community. With completion scheduled in Q1 2028, Riviera Heights will feature four, 35-storey luxury apartment buildings spanning over 51,000 square metres, located on the southern edge of the Marsa Zayed development area.

Riviera Heights is the first project in a plan to transform a 320-hectare section of Jordan’s Red Sea coast into an international tourism and residential destination. Land owner AD Ports Group in February appointed Dubai-based MAG Group Holding to develop Marsa Zayed, which will open a southern gateway to Jordan’s main attractions, the UNESCO World Heritage Site Petra and Wadi Rum Protected Area. The development will include more than 1,250 seafront apartments.

Moafaq A. Al Gaddah, Founder and Chairman of MAG Group Holding, said, Riviera Heights captures the true essence of Jordan—its warmth, heritage, and culture. We are breathing new life and economic vitality into Aqaba by creating vibrant spaces that foster genuine connection to its extraordinary Red Sea coastline. Together with AD Ports Group, our vision is to cultivate a destination with wide appeal to a wide range of discriminating travellers, where everyone feels a true sense of belonging.”

Marsa Zayed is Jordan’s flagship tourism venture and ranks among the Middle East’s most ambitious real estate development projects. Riviera Heights will be built next to the Phase 1 development of Marsa Zayed, which will eventually span 1.2 kilometres of Red Sea beachfront, and include a marina, a hotel, hotel apartments with a beach club, an Old Souq marketplace with 50 retail shops, a yacht club, and a visitor’s centre.

Marsa Zayed will also count among its attractions the restored minaret of the Al-Sharif Al-Hussein Bin Ali Mosque, the most prominent architectural feature in Aqaba. Marsa Zayed is strategically positioned to attract regional and international homeowners and investors.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said, “We welcome the launch of Riviera Heights, which marks the official beginning of construction in Marsa Zayed, the Red Sea’s newest and most exciting tourism and residential development. Under the wise guidance of our leadership in the UAE, AD Ports Group and MAG Group Holding are making a strategic investment in Jordan’s economy that will bring long-term jobs and economic growth to a region defined by its unique natural coastal beauty.”

Ends

Also read: MAG Group and Chinese contractor CITIC to build Dh22 bn project in Dubai

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