Jordan: House Prices, Rents, and Rental Yields
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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 |
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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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