Amman — While real estate market indicators showed improved performance in September, experts said sustaining this momentum will depend on developments in demand, housing and financing costs, as well as regional conditions.
According to the Department of Lands and Survey’s real estate trading report, the volume of property transactions in September rose by 16% compared with the same month last year and by 7% compared with August, reaching approximately JD720.504 million.
Revenues also increased by 14% year-on-year and 5% compared with August, reaching around JD28.656 million. Property sales across the Kingdom rose 7% annually, despite declining 3% compared with the previous month.
Apartments were the main driver of the monthly improvement. Their sales increased by 17% in September to 3,976 units, compared with 3,384 in the same month last year. Land sales rose 2% to 10,581 plots, compared with 10,378 a year earlier. Total property sales reached 14,557 properties, compared with 13,762 in September 2025.
Sector specialists said September’s results contain positive indicators, particularly in the apartment market. However, they stressed the need to assess monthly performance alongside cumulative figures for the first nine months of the year to determine whether the improvement represents the beginning of a sustainable trend.
Nael Al-Abdallat, Deputy Chairman of the Board of the Jordan Housing Investors Association, said the indicators show a clear improvement in apartment sales and transaction values.
He noted that the increase in trading volume to around JD720.5 million and the rise in apartment sales to 3,976 units represent positive signs for market performance during the month.
Apartment Sales Rise Across All Sizes
One notable finding in the Department of Lands and Survey report was that the growth in apartment sales was not limited to a particular size category.
Sales of apartments smaller than 120 square meters rose 24% in September to 1,444 units, compared with 1,161 in the same month last year.
Sales of apartments ranging from 120 to 150 square meters increased 20%, while sales of apartments larger than 150 square meters rose 16%, indicating that the improvement covered different segments of the market.
However, Al-Abdallat stressed the importance of looking at the market’s cumulative performance. Real estate trading during the first nine months of the year reached around JD5.110 billion, down 1% from the same period last year, while total property sales fell 7%, from 113,169 to 105,467 properties.
He said the apartment market performed relatively better than the land market during the first nine months. Apartment sales in Amman increased to around 69.5%, compared with 67.1% during the same period last year, while sales in the other governorates collectively declined by around 886 units, or approximately 10%.
This highlights the need, in his view, to expand housing activity and achieve more balanced urban development across the governorates.
Market Stability Supports Growth Prospects
Real estate expert Kamal Al-Awamleh said the market’s direction should not be judged on the basis of a single month, but rather through cumulative performance.
He said Jordan’s real estate market has historically maintained a degree of stability, despite the impact of regional conditions on purchasing activity in recent periods, including their effects on expatriates and Arab and foreign investors.
Al-Awamleh expects the real estate market to reach around JD7 billion by the end of this year, describing this level as consistent with a stable market. He also projected apartment sales could approach 35,000 units by year-end if the current pace continues during the remaining months.
He said the Jordanian real estate market’s ability to maintain relatively stable transaction levels despite regional challenges reflects its capacity to adapt to changing conditions.
Real estate remains an important savings and investment option for Jordanians, he added, while Arab and Gulf investors continue to show interest in owning property in the Kingdom, supporting prospects for continued activity in the sector.
Real estate expert and investor Munir Abu Al-Asal attributed the improvement in apartment sales in September to several factors, including reduced intensity of some geopolitical developments compared with previous months, pent-up demand for apartments and the timing of September with the end of expatriates’ vacations.
Based on his market experience, some expatriates make purchasing decisions before returning to their countries of residence.
Abu Al-Asal expressed hope that demand would continue improving during the fourth quarter and called for additional incentives for the housing and construction sectors.
He proposed providing preferential financing for first-time homebuyers to expand homeownership capacity and stimulate demand.
According to his estimates, housing activity has an impact on more than 40 sectors and over 80 related professions.
Abu Al-Asal stressed that stimulating housing demand requires measures that strengthen citizens’ purchasing power. He also highlighted the importance of the banking sector in supporting homeownership by offering preferential interest rates of no more than 3% to first-time apartment buyers.
Such measures, he said, could help revive the market, strengthen housing companies’ activity and generate positive effects across construction-related sectors and professions.
Opportunity to Build on September’s Improvement
On foreign investment, the Department of Lands and Survey report showed that the estimated value of property transactions by non-Jordanians during the first nine months of the year increased 17% to around JD168.31 million, despite a 1% decline in the number of ownership transactions.
The number of apartments purchased by non-Jordanians increased 7%, while land sales to non-Jordanians declined 12%.
Al-Abdallat said the improvement in apartment sales in September represents an opportunity that can be built upon. However, he stressed that sustaining the momentum requires enabling housing companies to provide units that match citizens’ purchasing power, as well as expanding residential activity beyond the capital.
He called for addressing the entire cost structure, starting with land, planning, licensing and financing and extending to construction materials and implementation, in addition to reviewing fees and other financial burdens associated with producing and purchasing homes.
Experts said the positive indicators recorded by the real estate market in September provide an opportunity to strengthen sector activity during the remainder of the year.
Building on this improvement, they said, requires creating more favorable conditions for investment and homeownership and addressing challenges related to production and financing costs. This would help expand the pool of potential buyers and stimulate housing projects, ultimately supporting a more stable and sustainable real estate market.
Source: Al Ghad
