Jordan: Introduction
Jordan is a kingdom in the Middle East. Neighboring countries include Iraq, Israel, Saudi Arabia, Syria, and the West Bank region. Much of Jordan is covered by the Arabian Desert. However, the northwestern part of Jordan is part of the Fertile Crescent. The government system is a constitutional monarchy; the chief of state is the king, and the head of government is the prime minister. Jordan has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Jordan is a member of the League of Arab States (Arab League).
In Amman’s major districts:
- In Abdoun, the capital city’s most affluent area, apartment prices rose by 4% to an average of JOD 1,425 (US$ 2,011) per square metre (sq. m.) during the year to Q1 2018, according to Asteco.
- In 4th Circle, apartment prices increased by 2% y-o-y to JOD 1,350 (US$ 1,905) per sq. m.
- In Sweifieh, the average apartment price was up by 1% to JOD 1,200 (US$ 1,693) per sq. m.
- In Um-Othainah, the average apartment was unchanged in Q1 2018 from a year earlier, at JOD 1,250 (US$ 1,764) per sq. m.
- In Al-Rabiah, apartment prices were also stable at an average of JOD 1,100 (US$ 1,552) per sq. m.
- In Der Ghabar, the average apartment price was also unchanged at JOD 1,200 (US$ 1,693) per sq. m.
Investment Programs
In hopes of stimulating capital inflows in the country, Jordan approved an investment program that grants citizenship or permanent residency of non-Jordanians in early 2018. This program includes permanent residency for non-Jordanians who purchase properties worth a minimum of JOD 200,000 (US$ 282,216) and hold the properties for 10 years. Grants of Jordanian citizenship or residency are limited only to 500 applicants per year, according to State Minister for Media Affairs and Government Spokesperson Mohammad Momani.