Latest news with #JD545
Zawya
12-03-2025
- Business
- Zawya
Jordan: Real estate trading reaches $1bln by February
AMMAN: The volume of real estate trading in the Kingdom reached JD1.09 billion by the end of February 2025, marking a 1 per cent increase compared with the same period in 2024, the Department of Lands and Survey announced on Tuesday. The trading volume for February alone amounted to JD545 million, the Jordan News Agency, Petra, reported. The report showed that revenues from real estate transactions rose by 9 per cent year-on-year, reaching JD47.4 million by the end of February. Property sales saw a 3-per-cent decline, with apartment sales dropping by 4 per cent and land sales decreasing by 5 per cent. The total number of properties sold in the first two months of the year stood at 2,265. On a monthly level, revenues for February fell by 2 per cent compared with the same month last year, amounting to JD21.7 million. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
11-03-2025
- Business
- Jordan Times
Real estate trading reaches JD1.09b by February
The Department of Lands and Survey on Tuesday says that the volume of real estate trading in the Kingdom reached JD1.09 billion by the end of February 2025, marking a 1 per cent increase compared with the same period in 2024 (File photo) AMMAN — The volume of real estate trading in the Kingdom reached JD1.09 billion by the end of February 2025, marking a 1 per cent increase compared with the same period in 2024, the Department of Lands and Survey announced on Tuesday. The trading volume for February alone amounted to JD545 million, the Jordan News Agency, Petra, reported. The report showed that revenues from real estate transactions rose by 9 per cent year-on-year, reaching JD47.4 million by the end of February. Property sales saw a 3-per-cent decline, with apartment sales dropping by 4 per cent and land sales decreasing by 5 per cent. The total number of properties sold in the first two months of the year stood at 2,265. On a monthly level, revenues for February fell by 2 per cent compared with the same month last year, amounting to JD21.7 million.
Ammon
11-03-2025
- Business
- Ammon
Jordan's real estate trading volume hits JD1.089 billion
Ammon News - The volume of real estate trading in Jordan increased during the first two months of 2025 by 1%, compared to the same period in 2024, to reach JD1.089 billion, according to the monthly report of the Department of Lands and Survey. The report showed that the volume of real estate trading during last February increased by less than 1% compared to last January, reaching JD545 million, while the value of revenues for the same month decreased by 2% compared to the same month in 2024, and 16% compared to the previous month, recording JD21.4 million. The value of revenues increased during the first two months of 2024 by 9% compared to the same period last year, reaching JD47.4 million, the report indicated. Real estate sales in Jordan have decreased by 3% since the beginning of 2025, as apartment sales increased by 4%, and land sales decreased by 5%, compared to the same period last year. During last February, real estate sales decreased by less than 1%, as apartment sales increased by 3%, and land sales decreased by 2%, compared to the same period last year. The report confirmed that the number of properties sold to companies in Jordan during the past two months reached 2,265 properties. According to the report, the number of non-Jordanian ownership transactions decreased by 17% during the past two months, as apartment sales decreased by 11%, and land sales by 24%, compared to the same period last year. The number of non-Jordanian property ownership transactions decreased by 26% last month, as apartment sales decreased by 8%, and land sales decreased by 45%, compared to the same month last year.
Jordan Times
25-02-2025
- Business
- Jordan Times
National economy shows positive indicators since beginning of 2025 — Experts
Experts say that despite many challenges, which affected various aspects of life, especially tourism, investment and finance, the national economy achieved many positive indicators in 2025 (JT file) AMMAN — Economists have stressed that the national economy is based on its stability and flexibility, including the geographical location of the Kingdom, prudent monetary policy, economic relations with many major world markets, and the presence of qualified and young human wealth. They pointed out that despite many challenges, which affected various aspects of life, especially tourism, investment and finance, the national economy achieved many positive indicators, the Jordan News Agency, Petra, reported. The Central Bank of Jordan's (CBJ) foreign reserves exceeded $21 billion, while the dollarisation rate dropped to 18.4 per cent by the end of last year, and the inflation rate decreased to 1.6 per cent and is expected to stabilise at around 2 per cent this year. The real estate market recorded an increase in trading volume by 9 per cent during January, compared with the same month last year, where the total trading volume reached around JD545 million. The GDP in the first quarter of the current century increased by five folds, recording in 1999 a value of JD7.12 billion, while in 2023 it reached about JD36 billion at current prices. GDP per capita rose from JD1,235 in 2000 to JD3,133 in 2023, and the Kingdom's foreign currency balance reached a record of some $21 billion, compared with $4.7 billion in 2000. Social Security Investment Fund CEO Ezzeddin Kanakrieh said that the recently announced annual results of the fund, which show a growth in comprehensive income last year to nearly JD1 billion, and the increase in the fund's assets to JD16 billion at the end of 2024, which is equivalent to about 40 per cent of GDP, highlight that the national economy, despite the multiple challenges and unstable conditions in the region, has achieved positive economic returns and indicators. Former minister of finance Mohammad Abu Hamourpointed out that the Kingdom's economy maintained low inflation rates of less than 2 per cent during the past year, despite the wave of unbridled inflation witnessed by many countries in the region. He attributed this stability to CBJ's measures to keep pace with regional and global developments related to the interest rate, in addition to the prudent policies of the CBJ, which maintained price stability and the stability of the dinar exchange rate. President of the Society of East Amman Industrial InvestorsEyad Abu Haltam said that there are strengths in the national economy, the most important of which are political stability and the high credit rating. He explained that Jordan's monetary policy has been prudent since the 1990s, which has maintained the stability of the dinar exchange rate. Associate Professor of Economics at Mutah UniversityAhmad Majali considered that "the role of the economic policies adopted by the government in enhancing the ability to adapt cannot be denied. Over the past years, the state has pursued a strategy that combines controlling the fiscal deficit and rationalising spending." Economist Hussam Ayesh stressed that financial and monetary stability of the Kingdom is an "exceptional case" in the region for a small economy like Jordan, especially if it is compared with regional countries.
