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Sep 28, 2016

Jordan: gross rental yields remain good


Last Updated: Sept. 28, 2016
AMMAN - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
150 sq. m. 212,250 1,439 8.13% 1,415 9.59
300 sq. m. 462,300 2,436 6.32% 1,541 8.12
Districts researched
Abdoun, Jabal Amman, Um Uthainah, Sweifieh, Deir Ghbar
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Property prices. Typically, it costs around US$1,500 per square metre to buy an apartment in Jordan’s capital Amman – less at the lower end, more for larger apartments, according to our sample (though this may not apply to the very smallest apartments).

Property rents.  Rental rates in Amman are rather high, due no doubt to the large number of refugees who have poured in to the country.  Smaller apartments yield significantly more than larger apartments.

Property returns.  Gross rental yields on apartments in Amman are good.

Yields on villas are somewhat lower.  We researched villas in previous years but this year were unable to gather data. The lower yields are because villas tend to cost substantially more on a per square metre basis, because of the land value.

Property buying costs.  Round trip transaction costs on the purchase of residential property in Jordan are moderate to high, especially in comparison with the rest of the Middle East. See our Jordan residential property Buying Guide and Residential property transaction costs in Jordan compared to the rest of the Middle East.






Comments

#1 SAMIR MAHER | April 29, 2015

Housing is only one facet. What about other avenues, such as commercial, industrial, touristic...etc.

Official Real-estate statistics aren't easy to obtain in Jordan. Please fan out to other R.E. usages/ types.

#2 MATTHEW MONTAGU-POLLOCK | August 26, 2015

Well that is what we do, housing. There are many other companies which provide diverse services. But we are a housing specialist.

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