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Jordan: House Prices, Rents, and Rental Yields

Last Updated: Sep 29, 2009

Stability in Jordan

Last Updated: Sep. 29, 2009
AMMAN - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
150 sq. m. 170,700 1,211 8.51% 1,138 8.07
250 sq. m. 317,750 1,878 7.09% 1,271 7.51
350 sq. m. 407,050 2,429 7.16% 1,163 6.94
AMMAN - Villas
450 sq. m. 997,650 2,916 3.51% 2,217 6.48
750 sq. m. 1,540,500 6,473 5.04% 2,054 8.63
1200 sq. m. 2,776,800 7,704 3.33% 2,314 6.42
Districts researched
Abdoun, Jabal Amman, Um Uthainah, Sweifieh, Deir Ghbar
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Not much has changed in the past year in terms of prices and rents in Amman, Jordan.  If anything, the trend is down, through some categories are a little cheaper, others a little more expensive.  Apartment rents have definitely fallen a little, and the result is that gross rental yields on apartments in Amman now range between 7% and 8.5%.

These yields are significantly down on four years ago, when we started keeping track, when rental yields on apartments of 80 square metres and 120 square metres were 16% and 14% respectively. 

 

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