Latest news with #DepartmentOfLands
Zawya
19-05-2025
- Business
- Zawya
Jordan: Apartments sales rise by 12% after Gov't decisions — official
AMMAN — The "large" increase in apartment sales is attributed to a Cabinet's decision that stimulated the real estate and housing sector by granting a 50 per cent exemption on registration fees for residential apartments exceeding 150 square meters, an official said on Saturday. Director General of the Department of Lands and Survey Ahmad Amoush said that the total real estate trading volume in 2024 reached about JD6.7 billion, with expectations for a further increase this year. Amoush also announced that the department is working on launching a new package of over 22 electronic services as part of its digital transformation plan, aiming to fully automate all services by the end of 2025, the Jordan News Agency, Petra, reported. He pointed out that the number of in-person visitors to the department has decreased by 70 per cent, particularly for issuing title deeds (Qushan) and land maps, representing a "significant" leap in streamlining transaction procedures. The Cabinet decided in November of 2024 to exempt apartments over 150 square metres from 50 per cent of the registration fees. This is in addition to a previous decision granting 100 per cent of the registration fee exemption for apartments under 150 square metres for first-time buyers. The government also approved a 50 per cent exemption from property tax (musaqqafat fees) for a period of three years for first-time buyers, in an effort to ease the burden on citizens taking housing loans. As of the end of April, the total real estate trading volume in the Kingdom reached JD2.047 billion, reflecting a 4 per cent increase compared with the same period in 2024. The trading volume for April alone amounted to around JD555 million. Also, revenues during the first third of this year rose by 11 per cent compared with the same period last year, reaching around JD84.5 million. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
17-05-2025
- Business
- Jordan Times
Apartments sales rise by 12% after Gov't decisions — official
By JT - May 17,2025 - Last updated at May 17,2025 Director General of the Department of Lands and Survey Ahmad Amoush says that the total real estate trading volume in 2024 reached about JD6.7 billion (JT file) AMMAN — The "large" increase in apartment sales is attributed to a Cabinet's decision that stimulated the real estate and housing sector by granting a 50 per cent exemption on registration fees for residential apartments exceeding 150 square meters, an official said on Saturday. Director General of the Department of Lands and Survey Ahmad Amoush said that the total real estate trading volume in 2024 reached about JD6.7 billion, with expectations for a further increase this year. Amoush also announced that the department is working on launching a new package of over 22 electronic services as part of its digital transformation plan, aiming to fully automate all services by the end of 2025, the Jordan News Agency, Petra, reported. He pointed out that the number of in-person visitors to the department has decreased by 70 per cent, particularly for issuing title deeds (Qushan) and land maps, representing a "significant" leap in streamlining transaction procedures. The Cabinet decided in November of 2024 to exempt apartments over 150 square metres from 50 per cent of the registration fees. This is in addition to a previous decision granting 100 per cent of the registration fee exemption for apartments under 150 square metres for first-time buyers. The government also approved a 50 per cent exemption from property tax (musaqqafat fees) for a period of three years for first-time buyers, in an effort to ease the burden on citizens taking housing loans. As of the end of April, the total real estate trading volume in the Kingdom reached JD2.047 billion, reflecting a 4 per cent increase compared with the same period in 2024. The trading volume for April alone amounted to around JD555 million. Also, revenues during the first third of this year rose by 11 per cent compared with the same period last year, reaching around JD84.5 million.
Jordan Times
14-05-2025
- Business
- Jordan Times
Real estate trading in Jordan increased by 4% for the first third of this year
Volume of real estate trading in Jordan in the first third of 2025 reaches JD2,047 billion, an increase of 4 per cent says Department of Lands and Survey (JT file) AMMAN — The volume of real estate trading in Jordan during the first third of this year reached JD2,047 billion, an increase of 4 per cent compared with the same period in 2024, according to the monthly report of the Department of Land and Survey. According to the data monitored by Al Mamlaka TV, the volume of trading in the Jordanian real estate market during April amounted to JD555.5 million, an increase of 29 per cent compared with the same period of 2024, and 38 per cent compared with the previous March. The value of revenues during the first third of this year increased by 11 per cent compared with the same period in 2024 to reach JD84.5 million. The value of revenues during the month of April increased by 24 per cent compared with the month of 2024, and 39 per cent compared with the previous March, to reach JD21.5 million. The report indicated that the sale of real estate in the Kingdom during the first third of this year decreased by 1 per cent, as sales of apartments increased by 6 per cent, while land sales decreased by 3 per cent compared with the same period of 2024. The sale of real estate in the Kingdom during the month of April increased by 21 per cent, compared with its counterpart in 2024, and increased by 38 per cent compared with the previous March, as apartment sales increased by 28 per cent compared with their counterpart in 2024, and 34 per cent compared with the previous month, and land sales increased by 19 per cent compared with the same month of 2024, and 39 per cent compared with the previous March. The total number of properties sold to companies in the Kingdom during the first third of this year reached 3,772 properties. The report also indicated that the number of ownership transactions for non-Jordanians during the first third of this year decreased by 13 per cent, as sales of apartments decreased by 10 per cent, and land sales decreased by 17 per cent compared with the same period of 2024. During April, the number of ownership transactions for non-Jordanians increased by 20 per cent compared with 2024, and 17 per cent compared with the previous March, as apartment sales increased by 8 per cent compared with their counterparts in 2024, and decreased by 14 per cent compared with the previous March, while land sales increased by 33 per cent compared with the same month of 2024, and increased by 71 per cent compared with the previous month. The estimated value of sales of non-Jordanians during the first third of this year increased by 9 per cent, compared with the same period of 2024, reaching 65 million dinars, and this estimated value increased during last April by 56 per cent, compared with the same month of 2024, and 22 per cent compared with the previous March, reaching JD16 million, Al Mamlaka TV reported.
