As Canada promised to help Jordan rebuild after two devastating earthquakes in April, the country’s king decided to splurge on extravagant real estate.
King Abdullah II last month cut the ribbon on the new Meydan Towers at a development of luxury residences in the southern Jordanian city of Aqaba, the Associated Press reported. The mega-project features duplexes, executive homes and ultra-modern penthouses priced from about $12 million to $50 million each.
The marble-tiled buildings have the fanciful look of a conglomerate of European luxury boutiques, complete with a crystal chandelier and an Art Deco-style pink opulent dome, yet each home boasts private marble patios and a swimming pool.
The lavish complex only has a limited number of apartments, but the official website says 600 are available. If you want a slice of that luxurious lifestyle, pre-sale details are posted at the site for your real-estate-hungry heart’s content.
The site also said some of the units require a minimum of $2.5 million to qualify for financing.
The towers will be among the company’s “most expensive and luxurious real estate projects in the world,” Michael Bailey, Meydan’s chief executive officer, told the AP.
The project is an extension of the Meydan World mega-development in southern Jordan.
Like Canada, which also pledged $200 million in aid for the country’s ravaged regions after the earthquakes, the developer lured the king with a $1 billion gift — equal to $4,000 per square meter — in return for purchasing ownership in the project, according to the AP.
Saudi Arabia also promised $200 million in aid, according to the AP. In all, Jordan will get about $500 million in aid.