Amman - Amlak

<The Jordan Land Department report revealed that the volume of real estate market trading in Jordan in the first half of this year increased by 18 percent, driven by an increase in the sale of apartments and land to non-Jordanians. The Land Department's monthly report showed that the trading volume during the first half of this year amounted to 2.3 billion dinars, compared to 1.9 billion dinars for the same period last year. The market value of land sales to non-Jordanian investors during the first half of this year amounted to 148.5 million dinars, compared to 35.24 million dinars for the same period last year. Iraqis ranked first among foreigners investing in the real estate sector with an investment volume of 92.8 million dinars, followed by Saudis with an investment volume of 8.65 million dinars, and Lebanese nationality third with an investment volume of 7.5 million dinars. The value of exemptions in the first half of this year so far amounted to 47.205 million dinars, as a decision was issued last year to reduce fees on land and apartments, followed by another decision by the government with additional reductions to stimulate the real estate market last June.