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JD1.049b worth of real estate sold in Amman by end of Q1 this year

An undated photo of Amman. (File photo: Ameer Khalifeh/Jordan News)
AMMAN – The volume of real estate trade at the North Amman Land Registration Department amounted to JD272 million at the end of the first quarter of this year, ranking first among the Kingdom’s land directorates, according to the Department of Lands and Survey (DLS) data published on Saturday, according to the Jordan News Agency, Petra.اضافة اعلان

The Amman Land Registration Directorate ranked second with JD173 million, followed by West Amman Land Registration Directorate with JD162 million and South Amman Land Registration Directorate with JD149 million.

The DLS data showed that volume of real estate trade at directorates and registration offices in Amman amounted to 74 per cent of the entire trading volume in the first three months, with a total of JD1.049 billion; in the entire Kingdom it stood at JD1.414 billion.

The total real estate sales in the Kingdom during the first quarter of this year amounted to 40,539 properties, an increase of 2 percent over the same period in 2021, distributed as follows: 14,342 properties, or 35 percent, in Amman, and 26,200, or 65 percent, in the rest of the governorates.

Real estate sales in Amman included 6,077 apartments and 8,265,000 plots of land, while sales in the rest of the Kingdom’s governorates included 3,384 apartments and 22,813 plots of land.

During the first quarter of 2022, 855 properties were sold to non-Jordanian investors, a 54 percent increase over the same period in 2021; they included 516 apartments, an increase of 30 percent, and 339 plots of land, an increase of 117 percent.

Iraqi investors ranked first, with a total of 202 real estate transactions, Saudi investors ranked second, with a total of 194 transactions, while Syrian investors ranked third with a total of 111 real estate transactions, the data indicated.

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