Latest news with #DepartmentofLandandSurvey
Jordan News
22-07-2025
- Business
- Jordan News
13 Investors Granted Jordanian Citizenship in Q2 2025 - Jordan News
Minister of Government Communications and official spokesperson for the government, Mohammad Al-Momani, announced that 13 investors were granted Jordanian citizenship during the second quarter of 2025. اضافة اعلان In comparison, 17 investors had obtained citizenship in the first quarter, with a total investment value of around 32 million dinars, generating approximately 600 job opportunities for Jordanians. Minister of Investment, Muthanna Gharaibeh, stated that since 2018, a total of 561 investors have been granted Jordanian citizenship, noting that Syrian and Iraqi investors top the list of recipients. He explained that recent amendments to the regulations governing the granting of citizenship to investors aim to increase job opportunities and enhance the value added to the Jordanian economy. Gharaibeh also noted that the investment encouragement decision will stimulate stock market activity without causing inflation in the Amman Stock Exchange, adding that the move will energize the financial market in Amman. During a session held on Wednesday, chaired by Prime Minister Dr. Jaafar Hassan, the Cabinet approved new criteria for granting Jordanian citizenship or residency through investment, based on recommendations by the special investors committee. Under the new regulations, investors or non-investors may be granted a five-year residency — or have their existing residency renewed — regardless of their previous duration of stay in the Kingdom, provided they purchase real estate from a licensed developer valued at no less than 200,000 dinars (based on the Department of Land and Survey's appraisal), retain the property for at least five years without selling or mortgaging it, and receive a recommendation from the investors committee at the Ministry of Interior. For residency renewal, the applicant must still own the same property or a new one of equal value. After being reviewed by the technical committee, the application is forwarded directly to the Minister of Interior's delegate at the investment window, without requiring the property to be held in escrow.
Jordan News
08-07-2025
- Business
- Jordan News
Real Estate Trading in Jordan Rises 4% in First Half of 2025 to JD 3.13 Billion - Jordan News
The total real estate trading volume in Jordan reached JD 3.132 billion during the first half of 2025, marking a 4% increase compared to the same period in 2024, according to the monthly report issued by the Department of Land and Survey (DLS). اضافة اعلان The report, monitored by Al-Mamlaka, noted that trading volume in June alone hit JD 544.7 million, reflecting a 43% increase year-on-year, and a 1% rise compared to May 2025. Revenue performance also improved, rising 9% in the first half of 2025 compared to the same period last year, totaling JD 122.9 million. In June, revenue reached JD 17.3 million, up 29% year-on-year, but down 18% from May, due largely to the Eid al-Adha holiday, as noted by the department. Real estate sales activity rose 1% during the first half of 2025. Apartment sales increased by 6%, while land sales grew by less than 1% compared to the same period in 2024. In June 2025: Real estate sales rose 22% year-on-year, but dropped 13% compared to May. Apartment sales were up 14% year-on-year, but down 11% from May. Land sales surged 25% compared to June 2024, but fell 14% compared to May. A total of 5,552 properties were purchased by companies in Jordan during the first half of the year. Meanwhile, foreign ownership transactions declined 10% during the first half of 2025: Apartment transactions fell 9% Land transactions fell 11% However, in June alone, foreign ownership transactions rose 16% compared to June 2024, but declined 29% from May 2025: Apartment purchases rose 9% year-on-year, but dropped 24% from May Land purchases rose 26% year-on-year, but declined 36% from May The estimated value of foreign ownership transactions dropped 3% in the first half of 2025, totaling JD 90.6 million. In June alone, this value fell 39% year-on-year and 37% compared to May, registering at JD 9.9 million.
Jordan News
14-05-2025
- Business
- Jordan News
Real Estate Trading in Jordan Rises by 4% in the First Third of the Year - Jordan News
Real estate trading volume in Jordan reached 2.047 billion dinars during the first third of this year, marking a 4% increase compared to the same period in 2024, according to the monthly report by the Department of Land and Survey. اضافة اعلان According to the report, the volume of real estate trading in April alone reached 555.5 million dinars — a 29% increase compared to April 2024 and a 38% increase compared to March of this year. Revenue during the first third of the year also rose by 11% compared to the same period in 2024, reaching 84.5 million dinars. In April alone, revenues increased by 24% compared to April 2024 and by 39% compared to the previous month, reaching 21.5 million dinars. The report noted a 1% decline in overall property sales in the Kingdom during the first third of the year. Apartment sales increased by 6%, while land sales dropped by 3% compared to the same period in 2024. However, property sales in April rose by 21% compared to April 2024 and by 38% compared to March. Apartment sales increased by 28% compared to April 2024 and by 34% from the previous month, while land sales grew by 19% year-over-year and by 39% month-over-month. A total of 3,772 properties were sold to companies in the Kingdom during the first third of the year. The report also showed a 13% decline in foreign ownership transactions during the same period. Apartment purchases by non-Jordanians dropped by 10%, and land purchases declined by 17% compared to the first third of 2024. However, in April, foreign ownership transactions rose by 20% year-over-year and by 17% compared to March. Foreign apartment sales increased by 8% compared to April 2024 but fell by 14% from March, while foreign land purchases rose by 33% year-over-year and 71% month-over-month. The estimated value of sales to non-Jordanians rose by 9% in the first third of 2025 compared to the same period in 2024, totaling 65 million dinars. In April alone, the estimated value surged by 56% compared to April 2024 and by 22% compared to March, reaching 16 million dinars.
Jordan Times
12-04-2025
- Business
- Jordan Times
Real estate trading reaches JD1.49b in Q1
Jordan's real estate sector records a total trading volume of JD1.491 billion during the first quarter of 2025 (JT file) AMMAN — Jordan's real estate sector recorded a total trading volume of JD1.491 billion during the first quarter of 2025, according to the latest monthly report issued by the Department of Land and Survey. While the quarterly figures reflect overall resilience, the market experienced a slowdown in March. Real estate trading volume for the month stood at JD402 million, marking a 12 per cent decline compared with March 2024 and a 26 per cent drop from February 2025. Despite the dip in activity, the sector's revenues showed improvement. Real estate revenues rose by 6 per cent in the first quarter compared with the same period last year, reaching JD93 million, the report noted. Property sales declined overall during the first quarter. The total number of transactions fell by 7 per cent, with apartment sales decreasing by 1 per cent and land sales dropping by 9 per cent. Economist and real estate analyst Saeed Said noted: 'While the drop in activity this March is notable, it does not necessarily signal a downturn.' He explained that the market is still adjusting to evolving interest rates and cost structures. 'What's encouraging is that revenue growth and sustained transaction values reflect healthy market fundamentals,' he added. From a developer's perspective, Mahmoud Salah pointed out that 'demand for land remains cautious, likely due to rising development costs'. Although March reflected a short-term dip, analysts believe that the overall quarterly performance underscores continued investor interest in Jordan's real estate sector.
