The Ritz-Carlton Residences, Amman

What The Ritz-Carlton Residences, Amman does

The Ritz-Carlton Residences, Amman is a luxury mixed-use real estate development in Amman, Jordan, delivered by Al Eqbal For Real Estate Development And Hotels PSC under a brand license from The Ritz-Carlton Hotel Company, L.L.C. The project consists of twin towers: a 20-storey residential tower with 90 private residences (one- to four-bedroom units plus two exclusive penthouses of 613 M2 and 743 M2) alongside a 19-storey hotel tower with 228 guest rooms and 33-34 suites. Total investment is up to $250 million, 100% Jordanian financed, with construction period employment of 1,200+ and 530 permanent jobs once operational. The property opened in 2021.

The development is distinguished by several globally first-of-kind technical features: UVC germicidal emitters integrated into the HVAC systems (in partnership with Petra Engineering Industries Co., Arab Technical Group-Daikin, Philips, and Steril-Aire), LG OLED AI-powered hospitality smart TVs with voice recognition (delivered via AVXAV Group), and anti-microbial ceramic kitchen surfaces (Cotto d'Este, 99.9% bacteria elimination). Premium finishes are sourced from Miele, Poggenpohl, Poliform, Villeroy & Boch, Dornbracht, Lefroy Brooks, Technogym, and Listone Giordano. Architectural design was led by WATG (concept), Dar Al-Handasah (architect and engineer of record), and Wimberly Interiors, with construction by Habash-Deir Contracting Company.

The business model blends one-time private residence sales (90 units, quote-based pricing) with recurring à la carte and complimentary services revenue (24-hour concierge, valet, in-residence dining, personal chef, spa, fitness, cinema, Owners Lounge) alongside the hotel's operating revenue. The go-to-market is direct-to-consumer targeting ultra-high-net-worth individuals in Jordan and the wider region, with a Fifth Circle location positioned as the last corner plot of one of Amman's most prestigious addresses. Marketing relies on the official website, downloadable brochures, newsletter stories, press coverage, and rendered visual media.

Name

The Ritz-Carlton Residences, Amman

Legal name

Al Eqbal For Real Estate Development And Hotels PSC

Website

https://theresidenceamman.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

The Ritz-Carlton Residences, Amman is a 20-storey luxury residential tower (90 private residences plus two penthouses) developed by Al Eqbal under a Ritz-Carlton brand license, sitting alongside a 228-room Ritz-Carlton Hotel at Amman's Fifth Circle. It sells one-time ownership units and recurring à la carte services to ultra-high-net-worth individuals in Jordan and the wider region.

Ownership category

akta.pro rank

Product category

Luxury Branded Residences

NAICS

Hotels (except Casino Hotels) and Motels (72111), Accommodation (721)

SIC

Hotels & Motels (7011), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Extended-Stay Brand Residences (Managed Residences) (THAGAEAM)

akta.pro secondary industry

Luxury Serviced Residences (THAGAEAJ)

Keywords

• Luxury real estate
• Branded residences
• High-end property development
• Serviced apartments
• Residential property sales

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Private Residence Sales: The primary revenue stream is from the sale of 90 private luxury residences ranging from one-bedroom apartments to four-bedroom homes and two exclusive penthouses. Units range in size from approximately 124 M2 to 743 M2. This is a one-time purchase model for ownership of branded luxury residences.
2. Residence Services Revenue: Ongoing revenue from à la carte services provided to residents including housekeeping, in-residence dining, personal chef services, valet parking, event planning, laundry, tailoring, plant care, and other concierge services. Both complimentary basic concierge services and premium paid services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

The Ritz-Carlton Residences, Amman is a 20-storey luxury residential tower offering 90 private branded residences ranging from one-bedroom apartments to four-bedroom homes plus two exclusive penthouses, with unit sizes from approximately 124 M2 to 743 M2. Developed by Al Eqbal For Real Estate Development And Hotels PSC, the residences offer full Ritz-Carlton hospitality services including 24-hour concierge, valet, in-residence dining, and access to the adjacent 19-storey Ritz-Carlton Hotel amenities (spa, fitness center, restaurants, cigar lounge, ballroom). The project is the only Ritz-Carlton branded residence in Jordan and the region, featuring globally first UVC air disinfection HVAC systems and AI-powered OLED smart TVs.

Product overview

The Ritz-Carlton Residences, Amman is a mixed-use luxury development consisting of a 20-storey residential tower (The Ritz-Carlton Residences) with 90 private residences and two penthouses, standing alongside a 19-storey hotel tower (The Ritz-Carlton Hotel). The residences offer one-bedroom to four-bedroom homes plus exclusive penthouses, all with access to world-class amenities including indoor pool, fitness center, private cinema, Owners Lounge, and 24-hour concierge services. Residents enjoy both complimentary services (concierge, valet, doorman, house car) and à la carte personalized offerings (in-residence dining, personal chef, event planning). The development features innovative UVC air disinfection technology in its HVAC systems and LG OLED smart TVs with AI voice recognition. The adjacent hotel provides additional facilities including restaurants, spa, ballroom, and meeting spaces accessible to residents.

Differentiator

Problem solved

Functional benefit

Products and services

• The Ritz-Carlton Residences, Amman A 20-storey luxury residential tower offering 90 private branded residences ranging from one-bedroom apartments to four-bedroom homes, with world-class amenities including indoor pool, fitness center, Owners Lounge, private cinema, boardroom, gaming room, convenience store, beauty salon, and ATM. Residents receive 24-hour concierge, valet, and access to The Ritz-Carlton Hotel services. Unit sizes range from approximately 124 M2 (one-bedroom) to 743 M2 (penthouses).
• Penthouse Residences (Floor 19-20) Two exclusive penthouses located on the top floors of The Ritz-Carlton Residences tower. Penthouse 01 (PH.A.01 Lower) spans 613 sqm with 409 sqm net area, 75 sqm balcony, and 129 sqm terrace. Penthouse 02 (PH.A.02 Lower) spans 743 sqm with 553 sqm net area, 29 sqm balcony, and 161 sqm terrace.
• Complimentary Concierge Services 24-hour concierge, 24-hour doorman, 24-hour valet parking, porter service, CCTV monitoring, on-site engineer/technician, daily fresh flower displays, and complimentary house car service provided to all residents as part of the residence offering.
• À La Carte Services Personalized paid services for residents including in-residence dining, personal chef, grocery shopping, travel planning, event planning, mail/shipping, tailoring, laundry/dry cleaning, plant care, IT support, and nanny arrangements.
• The Ritz-Carlton Hotel, Amman A 19-storey luxury hotel standing alongside the residences tower, featuring 228-233 guest rooms with 33-34 luxury suites, two specialty restaurants including a rooftop lounge, tea lounge, executive lounge, business center, fitness center, spa, indoor and outdoor pools, and a grand ballroom with 1,000-person capacity.

Quantifiable outcome

• Global first: UVC air disinfection technology installed in hospitality HVAC systems
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature4 records

Partnerships

20 partnerships are on record, tiered secondary and core.

• Hickory ChairsecondaryStrategic or Co-development Partner · 3 September 2020High-end US interior design company assigned to furnish the lobbies and public areas of The Ritz-Carlton Hotel and Residences. Provides an extensive array of exclusive furniture items befitting the opulence and elegance of The Ritz-Carlton brand. Represented in Jordan by High Hill Investments.
• Cozmo (THE Group)secondaryStrategic or Co-development Partner · 13 July 2020Partnership with THE Group, one of Jordan's pioneering retail companies, to establish a Cozmo high-end boutique convenience store at The Ritz-Carlton Residences. Store comprises essential items that can be bought directly or ordered via telephone for doorstep delivery. Residents can also arrange delivery of major household shopping from Cozmo's larger branches.
• Petra Engineering Industries Co. and Arab Technical Group-DaikincoreTechnology or Integration · 30 June 2020Collaborated on the installation of decontaminating UVC emitters for HVAC systems - a global industry first. Petra Engineering Industries Co. provided the expertise while Arab Technical Group (Daikin) handled installation. UVC emitters feature antiallergenic, antibacterial, antimicrobial, air purifying and pathogen reducing properties.
• Orange JordancoreTechnology or Integration · 8 June 2020Orange Jordan is the telecom provider for The Ritz-Carlton Amman Project. Provides latest communications services including secure high-speed internet, fixed-line, mobile coverage, vehicle tracking for hotel cars, bulk SMS, and MiFi for every room. For residences, provides triple play service including high-speed internet, calls, IPTV, and WIFI for residences and public areas.
• AVXAV Group and LG ElectronicscoreTechnology or Integration · 4 June 2020AVXAV Group and LG Electronics signed a strategic agreement to provide premium OLED Hospitality Smart TVs with AI technology. First hospitality project in Jordan and globally to have OLED TVs supporting AI voice recognition. AVXAV provides 360-degree hospitality solutions while LG supplies advanced Hotel TV screens.
• Mitsulift Group (Joint Venture with Mitsubishi Electric Corporation)coreTechnology or Integration · 26 July 2018Signed agreement for the installation and maintenance of 20 elevators for The Ritz-Carlton Hotel and Residences. Units expected to be installed by end of 2019. Mitsulift is a joint venture with Mitsubishi Electric Corporation and a regional leader in elevators, escalators and building moving systems headquartered in Beirut, Lebanon with operations in seven countries.
• MielecoreTechnology or Integration · 1 April 2018Miele home appliances provided for The Ritz-Carlton Residences. Premium kitchen and household appliances including built-in oven, dishwasher, and other kitchen appliances. Miele is known for its unspoken anticipation of customer needs and desires.
• Habash-Deir Contracting CompanycoreImplementation/ SI/ Consulting Partner · 23 November 2017Awarded the Skeleton Works contract for The Ritz-Carlton Hotel and Residences project. Habash-Deir was selected out of 13 local and international contractors. Works commenced in November 2017 for a period of 28 months. Habash-Deir is one of the oldest and largest family-led construction businesses in Jordan with over 30 years of experience, having executed projects including Abdali Mall, Queen Alia International Airport, and Jordan Museum.
• WATG (Wimberly Allison Tong & Goo)coreStrategic or Co-development PartnerWATG served as the Concept Design Architect for The Ritz-Carlton Hotel and Residences, Amman. They envisioned the striking exterior design that draws inspiration from Petra's rose stonework and the cool tones of the Dead Sea, creating a marriage between true Jordanian heritage and European neoclassical art-deco.
• Dar Al-Handasah (Shair and Partners)coreStrategic or Co-development PartnerDar Al-Handasah served as the Architect and Engineer of Record for the project. They were responsible for the architectural and engineering design implementation of the mixed-use property.
• Wimberly InteriorscoreStrategic or Co-development PartnerWimberly Interiors handled the interior design for the residences, bringing lavish interiors reflective of the cool tones of the Dead Sea's ultramarine waters with sophisticated design elements.
• TechnogymcoreTechnology or IntegrationState-of-the-art fitness center featuring best-in-class cardio and strength equipment from Technogym. Professional guidance and specialized personal trainers recommended to residents.
• PoliformcoreTechnology or IntegrationItalian Poliform walk-in wardrobes provided for all residences. Spacious and remarkably crafted wardrobes matched with world-renowned Linstone Giordano wood flooring.
• PoggenpohlcoreTechnology or IntegrationCustom-designed, premium Poggenpohl cabinets supplement both open and closed kitchen styles. Poggenpohl is the oldest and most exclusive kitchen brand in the world, combining traditional German craftsmanship with modern technology.
• Villeroy & BochcoreTechnology or IntegrationVilleroy & Boch sanitary ware including dedicated tubs in master bathrooms. Premium bathroom fixtures creating spa-like experiences at home.
• Dornbracht and Lefroy BrookscoreTechnology or IntegrationHigh-end bathroom fixtures and accessories from Dornbracht and Lefroy Brooks. Lefroy Brooks faucets exclusively hand-cast for The Residences, along with Dornbracht bathroom accessories.
• Franck ProvostsecondaryStrategic or Co-development PartnerWorld-renowned beauty brand Franck Provost operates the high-end hotel salon. A second branch at The Residences offers homeowners exclusive access to personal appointments scheduled at their convenience.
• Listone GiordanocoreTechnology or IntegrationPremium wood flooring from Listone Giordano in master bedrooms and salons. Rich color, texture and natural design adding warmth to the bedroom spaces.
• Cotto d'EstecoreTechnology or IntegrationPremium white marble Cotto d'Este countertops in kitchens featuring anti-scratch features and ceramic surfaces with long-lasting anti-microbial shields eliminating 99.9% of bacteria.
• Philips and Steril-AirecoreTechnology or IntegrationGermicidal UVC emitters supplied by Philips and Steril-Aire for the HVAC systems, featuring antiallergenic, antibacterial, antimicrobial, air purifying and pathogen reducing properties.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Marriott International: Parent operator of The Ritz-Carlton brand. Broad incumbent — comparable in that it owns/licenses multiple luxury residence brands (St. Regis, Ritz-Carlton, W, Edition), but does not compete on a single-project basis; relevant for license-economics and brand-strategy context.

Direct peers

• Aman Residences: Aman's branded residences (e.g., Aman New York, Aman Tokyo). Direct peer in the ultra-luxury branded-residence category with comparable low-density, service-intensive model.
• Rosewood Residences: Rosewood's branded-residence portfolio (Hong Kong, Bangkok, São Paulo, etc.). Direct peer — comparable luxury hospitality-license branded residences with comparable service positioning.
• Four Seasons Private Residences: Four Seasons-branded for-sale luxury residences operated under similar hospitality-license model. Direct competitor in the global branded-residence category targeting UHNWIs seeking hotel-grade services at home.
• EDITION Residences: Marriott's EDITION-branded residences. Direct peer — modern luxury managed-residence product with comparable amenity and service model, targeting similar urban UHNWI buyer.
• The Ritz-Carlton Residences (global portfolio): Other Ritz-Carlton branded residence developments globally (e.g., Dubai, NYC, Miami, Bangkok). Direct peer — same brand, same managed-residence concept, same UHNWI buyer segment, same service-led value proposition; differ only by geography.
• Mandarin Oriental Residences: Mandarin Oriental's branded-residence portfolio. Direct peer — comparable ultra-luxury hospitality license model, similar service-driven value proposition, similar buyer segment.
• The St. Regis Residences: Marriott's St. Regis-branded luxury residences globally. Direct peer — comparable brand-led managed-residence product, comparable unit sizes and amenity positioning, comparable UHNWI target customer.
• Bulgari Hotels & Resorts / Bulgari Residences: Bulgari-branded luxury residences. Direct peer — ultra-luxury brand-residence hybrid with strong design and service differentiation, targeting the same trophy-asset UHNWI buyer.
• W Hotels / W Residences: Marriott's W-branded residences targeting a younger luxury buyer. Comparable managed-residence model with hospitality-driven service proposition, slightly lower price tier.

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-ritz-carlton-residences-amman

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Ritz-Carlton Residences, Amman