Jordan: House Prices, Rents, and Rental Yields
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Last Updated: Sep 20, 2007
Yields are spectacular in Amman
| Last Updated: Sep. 20, 2007 | |||||
| AMMAN 1 - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 120 sq. m. | 151,320 | 1,213 | 9.62% | 1,261 | 10.11 |
| 180 sq. m. | 186,840 | 1,456 | 9.35% | 1,038 | 8.09 |
| 240 sq. m. | 301,200 | 2,078 | 8.28% | 1,255 | 8.66 |
| 300 sq. m. | 392,700 | 2,532 | 7.74% | 1,309 | 8.44 |
| 340+ sq. m. | 414,447 | 2,855 | 8.27% | 1,219 | 8.40 |
|
1 7th Circle, Abdoun, Al Rabia, Dair Ghbar, Shmisani, Sweifeh Source: Global Property Guide |
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Apartment rentals and prices both dropped in Amman from 2005. Average yields fell from 11.13% to 8.65%, now ranging from 7.74% to 9.62%. The smaller apartments generate higher yields, with an exception of 340-sq. m. apartments and bigger that can earn more than 300-sq. m. apartments.
At the same time, apartments in Amman have become cheaper, dropping from an average of €1,362.50 per sq. m. to €1,216.40. Global Property Guide figures show that the usual 300-sq. m. apartment has the most expensive per sq. m. price at €1,309, and generates the lowest yields at 7.74%.
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