MAG Group Holding Launches Riviera Heights, First Phase of Jordan’s Marsa Zayed Red Sea Beachfront Community

The first phase of Aqaba’s landmark residential, office, and commercial development project will bring a new era of luxury and connectivity to Jordan’s Red Sea coast

Abu Dhabi, UAE – 2 June 2025: MAG Group Holding, the diversified, multinational real estate development company, officially launched Riviera Heights, the highly anticipated first luxury residential development in Marsa Zayed, Jordan’s largest mixed-use beach front community.

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. 

Riviera Heights will consist of four, 35-story luxury apartment buildings, spread over 51,000  m2, located on the southern edge of the Marsa Zayed development 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.”

Site works are now underway, and the handover completion of Riviera Heights construction is expected by Q1 2028. MAG Group Holding is committed to delivering the highest standards of quality, design, and lifestyle-focused experiences to investors, supported by tailored payment plans and dedicated property management

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.”

Riviera Heights lays the foundation for Marsa Zayed’s vision of a vibrant, contemporary waterfront community. By combining distinctive homes, rich cultural offerings, and a lively social scene in one exceptional setting, it marks a significant milestone for Aqaba.

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 km 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.

-ENDS-

About AD Ports Group:

Established in 2006, AD Ports Group today serves as a global enabler of trade, logistics, and industry, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group’s vertically integrated business approach has proven instrumental in driving the Emirate’s economic development over the past decade.

Operating five business clusters covering Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital, AD Ports Group’s portfolio comprises 34 terminals, with a presence in over 50 countries, and more than 550 square kilometres of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East.

AD Ports Group is rated “AA-” Outlook stable by Fitch, and “A1” outlook stable by Moody’s.

For more information, please visit: adportsgroup.com  

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About MAG Group Holding:

MAG Group Holding is a multinational consolidation of different companies and sectors based in Dubai. The group’s portfolio includes real estate, contracting and engineering, industrial and commercial trading, freight services, and hospitality assets. MAG Group Holding has developed some of Dubai’s most well-known commercial real estate developments, including Emirates Financial Towers, and internationally, The Gate, a mixed residential, office, commercial complex in a northern suburb of Dallas, Texas.

Founded in 1978, MAG Group Holding has evolved to become a powerful and vibrant group that employs more than 2,000 people worldwide in more than 50 companies and branches.