Ammon News - The volume of trading in the real estate market in Jordan during the first eleven months of 2024 amounted to JD6.234 billion, reflecting a 3% decline compared to the same period in 2023, according to the monthly report of the Department of Lands and Survey (DLS).

The report revealed that real estate trading in the Kingdom reached about JD514.940 million in November, marking a 2% decrease compared to November 2023 and a 19% drop from the preceding month.

The DLS's revenues during the first eleven months of this year amounted to JD238 million, a decrease of 0.46% compared to the same period in 2023.

The North Amman Land Registration Directorate secured the top position with revenues amounting to JD36.8 million, followed by the Amman Land Registration Directorate in second place with JD30.4 million. The South Amman Land Registration Directorate ranked third with JD30.1 million, while the West Amman Land Registration Directorate took fourth place with revenues of JD25.8 million.

Revenues in November rose by 14% compared to the same month in 2023 but dropped by 11% from the previous month, amounting to JD21.287 million.

The report indicated an 8% rise in ownership transactions by non-Jordanians during the first eleven months of 2024, with apartment sales showing an increase of less than 1% and land sales growing by 20% compared to the same period in 2023.

In November 2024, ownership transactions by non-Jordanians rose by 27% compared to November 2023 but declined by 19% from the previous month. Apartment sales increased by 32% year-on-year but dropped by 18% month-on-month. Similarly, land sales grew by 20% compared to the same month in 2023 but fell by 22% compared to October 2024.

The estimated value of non-Jordanian ownership transactions during the first eleven months of this year reached JD200 million, reflecting a 6% increase compared to the same period in 2023.

The report showed that the estimated value of non-Jordanian ownership transactions in November rose by 29% compared to the same month in 2023 but declined by 13% from the previous month, totaling JD20 million.

The real estate sales in the Kingdom declined by 4% during the first eleven months of this year. While apartment sales saw a 1% increase, land sales dropped by 6% compared to the same period in 2023, the report stated.

Real estate sales in the Kingdom rose by 1% in November compared to the same month in 2023, but fell by 17% from the previous month. Apartment sales increased by 4% year-on-year, though they dropped by 19% month-on-month. Land sales saw a 1% increase compared to November 2023, but decreased by 17% compared to the previous month.