Property transactions by non-Jordanians in Jordan reached approximately 55.6 million dinars (about 78.4 million dollars) in the first quarter of 2026, marking a 14% decrease compared to the same period in 2025, which saw transactions amounting to 65 million dinars (around 91.7 million dollars), according to data from the Department of Lands and Survey.
According to the figures, the number of transactions during the same period was 681 properties, reflecting a 10% decline compared to 754 properties in the first quarter of 2025.
Details of the Transactions
The transactions were divided between 415 apartments, which saw a 3% decrease from 428 apartments last year, and 266 plots of land, which experienced a larger drop of 18% compared to 326 plots of land.
In terms of value, apartments accounted for the largest share of total ownership, amounting to 34.2 million dinars (approximately 48.2 million dollars), representing 61% of the total, while land transactions totaled 21.4 million dinars (around 30.2 million dollars), accounting for 39%.
Background & Context
Jordan is considered a preferred destination for many foreign investors, particularly from neighboring countries, due to its favorable investment environment. However, the decline in property transactions reflects economic challenges that may impact the real estate market.
This data comes at a time when the Jordanian economy is facing multiple pressures, which could influence foreign investors' decisions in the near future.
Impact & Consequences
The decline in property transactions is an indicator of waning confidence in the Jordanian real estate market, which could lead to negative repercussions for the local economy. This decrease may also affect government revenues generated from taxes and fees associated with real estate.
On the other hand, this downturn could prompt foreign investors to reassess their investment strategies, necessitating the Jordanian government to take steps to enhance the market's attractiveness.
Regional Significance
Attention is turning to how these developments will affect economic relations between Jordan and neighboring countries, especially amid rising economic tensions in the region. These changes may impact investment flows between Arab countries, calling for increased cooperation and coordination.
In conclusion, the future of the Jordanian real estate market hinges on the government's ability to address current challenges and enhance the investment environment.