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August 12 2022 2:48 PM ˚
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Real estate exemptions amount to JD117 million — land department

Amman
(Photo: Envato Elements)
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AMMAN — Media Spokesperson for the Department of Land and Survey Talal Al-Zaben said that the total value of exemptions by the government for the real estate sector amounted to JD117 million in 2021, compared to JD82 million in 2020, according to Al-Mamlaka.اضافة اعلان

Zaben said, on Monday, that the value of apartment exemptions during 2021 increased by 63 percent compared to 2019 to reach JD117,727,046, and JD72 million in 2019.

The Cabinet decided at the end of 2021 to extend its decision on the exemption of inheritance, as well as exemptions on registration fees and property sale tax for apartments and lands until March 31.

Transferals of inheritance will continue to be exempted from registration fees in accordance with the provisions of Article 3b of the Exemption from Public Funds Law No. 28 of 2006.

The first 150m of structurally completed housing units, including apartments and residences, shall continue to be exempted from registration fees, regardless of the seller, the area of the residential unit, or the number of units, while the excess space is subject to a reduced fee and tax of 50 percent. Exemptions are limited to Jordanians only.

The sales fee for land exemptions will continue to be reduced by 50 percent under the Land Registration Fee Law No. 26 of 1958, and the property sale tax will be reduced by 50 percent under the Property Sale Tax Law No. 21 of 1974.

The decision aims to stimulate the real estate and housing market and enable people with low income to purchase land and suitable housing.

The Cabinet also extended its decision to exempt citizens and economic activities from 25 percent of construction fees until December 30, 2021 to enable citizens to pay their dues before the end of 2022.

Billions in real-estate trading


The volume of trading in the real estate market in Jordan during 2021 amounted to JD5.021 billion, an increase of 8 percent compared to 2019, according to the Department of Land and Survey.

North Amman Land Registration Directorate came first with a trading volume of JD1.079 million, followed by Amman Land Registration Directorate in second place with JD593 million, and West Amman Land Registration Directorate in third place with approximately JD540 million, while South Amman Land Registration Directorate was next, with a trading volume of JD482 million.

The proportion of the trading volume in the directorates, and registration offices of the capital reached nearly 70 percent, with a total of JD3.516 billion.

The volume of trading in the real estate market in Jordan during January amounted to JD569 million, a decrease of 13 percent compared to the same month of 2019, and an increase of 15 percent compared to December 2021.

The movement of real estate sales in the Kingdom during 2021 increased by 32 percent, as apartment sales increased by 21 percent, and land sales increased by 36 percent compared to 2019.

The cabinet decided to reduce the real estate sale fee by 2 percent, and the property sale tax by 1 percent, bringing the percentage to 6 percent, as of the first of April 2022.

The government also prepared a draft law amending the land registration fee and a draft law amending the real estate sale tax law to bring the total fee and tax to 6 percent instead of 9 percent.

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