Jordan Real Estate Sector Research Highlights

Overview

New labour pool and higher standards to help Jordan's construction sector meet increasing demand
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While external events have weighed on the sector in recent years, activity has started to pick up and there is reason to expect that this can be sustained. A number of factors, including the country’s sizeable refugee population and the government’s new focus on transport and infrastructure development, point to the potential for higher growth, and any easing of geopolitical tensions in…

Overview

Strategies to meet Jordan's rising real estate demand and boost affordable options
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Centred on the capital, Amman, Jordan’s real estate sector experienced a largely stable 2016-17 period. Rents and sales prices registered marginal increases in the residential market, while there were slight declines in the commercial segment. Much of this was due to the higher growth and rapid development of recent years, which left a good supply of real estate, putting a break on upward…

Chapter

The Report: Jordan 2018: Construction & Real Estate
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While 2016 saw an overall slowdown in growth in Jordan’s construction sector, there is reason to expect more activity in the near future. A number of factors, including the country’s sizable refugee population and the government’s new focus on transport and infra¬structure development, point to a stimulated sector and increased growth. In addition, any easing of geopolitical tensions in the…

Country Report

The Report: Jordan 2018
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The country has made progress in key areas, reducing its fiscal deficit from 10.3% of GDP in 2014, to 3.2% in 2016 and an estimated 2.5% in 2017. Real GDP growth has also seen improvement, rising from a 25-year low of 2% in 2016 to 2.2% the following year. Moving forward the focus is set to shift towards green and digital expansion in line with the country’s new mid-term economic agenda, the Jor

Chapter

The Report: Jordan 2016: Construction & Real Estate
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With demand for mass housing thriving and transport, energy and other infrastructure projects continuing to roll out, the kingdom’s construction sector faces the challenge of meeting a wide range of demands at a time of economic slowdown. Yet with years of experience working in an often uncertain environment, contractors and developers, planners and materials providers are continuously adjusting…

Interview

Sahl Dudin, Managing Director, Ayla Oasis Development Company: Interview
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Interview:Sahl Dudin What more needs to be done in terms of policy to enhance Aqaba’s tourism offering? SAHL DUDIN: Aqaba needs to be more developed as a tourist destination as all the necessary components are there. The biggest challenge for both the government and private sector is to work together in establishing easier access by supporting direct flights to the area. Once we have direct…

Overview

Regulatory changes to boost foreign investment and support partnerships in Jordan's construction industry
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Overview

Jordan's real estate market to benefit from new measures to address housing shortage
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Few sectors in Jordan have been more dramatically impacted by recent regional turbulence and uncertainty than housing. With large numbers of Syrian refugees fleeing into Jordan over the past few years, there has been major pressure on low- to middle-income real estate, with the government, developers and international organisations working hard to address this growing need. Meanwhile, at the higher…

Economic News

Jordan’s residential property market set to rebound
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Although recently faced with lower activity, increased economic growth and new projects coming on-line could see demand rise in Jordan’s property market. State of the market Jordan’s real estate sector saw a 6% year-on-year (y-o-y) decline in trading values to JD3.2bn ($4.5bn) in the first half of the year, according to data issued by the Department of Lands and Survey (DLS) cited in local media. This…

Interview

Taha Al Zboun, CEO, Dead Sea Development Zone: Interview
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Interview:Taha Al Zboun What more can be done to change the perception that political instability within the region threatens Jordan’s safety and security? TAHA AL ZBOUN: Despite external regional threats, Jordan has remained peaceful and stable, and continues to welcome visitors from all corners of the world. To reassure prospective visitors of the country’s safety, the government is developing…

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Jordan Real Estate Sector Research Highlights

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