Jordan » Market Report

With a continued rise in investment, Jordan’s property market is being categorised by regional experts as “hot” – buoyed by Jordan’s efforts to attract even more investment. The investment drive has included the development of a large number of investor-friendly economic zones – including four public free zones, 17 private free zones, and a special economic zone in Aqaba. 

In terms of residential real estate, prices are increasing and demand for luxury housing rising, with Jordanian and regional developers alike focusing on west Amman and its surroundings. The Abdali Urban Regeneration Project is attracting headlines with its series of high-rise residential towers, while the Royal Village, Andalucia Village, Tala Bay, Saraya and Ayla are all catering to the luxury end of the market.

A memorandum of understanding signed between developers Jordan Dubai Capital and Jordan's leading conservation group, the Royal Society for the Conservation of Nature, has assuaged some of these fears.

A high-level delegation of Jordanian government officials and business leaders has been attending Cityscape in Dubai, the Middle East’s premier property investment and development conference, to highlight the booming real estate market in Jordan, which is expected to grow by up to 20% a year.

International Property Brokers forecast great financial and property business opportunities in the Jordan country due to strong local and foreign investments. These factors will in turn increase the GDP of the Jordan. The GDP of the Jordan will remain 4.7% in the financial years ranging from 2008 to 2012. International Property Brokers also forecast that the real estate property market will also see the positive trends due to the growing economy of the country. This positive trend in the property market is due to this fact that the property in the Canada is of high quality, plentiful, unbelievingly reasonable and very easy to buy. You will see this boom in property market in many parts of the Jordan.