Ammon News - Jordan's real estate sector is off to a robust start, with trading volume reaching approximately 3.132 billion Jordanian dinars ($4.42 billion) by the end of June 2024. This marks a 4% increase compared to the same period last year. For June alone, transactions totaled around 544 million dinars ($767 million).

According to the monthly report from the Department of Lands and Survey, real estate revenues also climbed, hitting nearly 122 million dinars ($172 million) by the end of June, up 9% year-on-year.

The first half of 2024 saw overall real estate sales activity rise by 1%. Apartment sales led the way with a 6% jump, while land sales saw a modest increase of just under 1% compared to the same period last year. In the first quarter of 2024, a total of 5,552 properties were sold across the Kingdom.

Looking at June specifically, revenues surged by 29% compared to June of last year, reaching roughly 17.4 million dinars ($24.5 million).