Amman is the bustling capital city of Jordan, with a growing population and a diverse range of residents and expats. One of the most essential needs of any person living in Amman is finding a place to call home. Housing in Amman can be challenging, but with the right knowledge and resources, anyone can find a comfortable place to live in this beautiful city.
Amman Property and Real Estate:
Amman’s property and real estate market have seen a significant increase in recent years, with the city’s growing population and economy. However, with the high demand for housing in Amman comes a corresponding increase in property prices.
According to recent reports, the average cost of an apartment in Amman ranges from JOD 400 to JOD 2,500 per month, depending on the location and amenities. The price of a house in Amman can vary widely, depending on its size, location, and condition. Some of the most popular areas for property investment and rental in Amman include Abdoun, Shmeisani, Weibdeh, Jabal Amman and Deir Ghbar.
Despite the high cost of property in Amman, there are still some affordable options available for those who know where to look. It is essential to be aware of the current trends and challenges in the property market to make an informed decision when renting or buying a property in the city.
In the following sections, we will discuss the various types of properties available for rent in Amman, including apartments and houses, and provide some tips on how to find the right property to suit your needs and budget.
Apartments in Amman:
Apartments are the most common type of rental property in Amman, and there are various options available for renters. The average cost of an apartment in Amman is between JOD 400 to JOD 2500 per month, depending on the location, size, and amenities.
Furnished apartments are a popular choice for expats and international students, as they are fully equipped with furniture and appliances, and often include paid utilities such as internet and cable TV.
Unfurnished apartments, on the other hand, may be cheaper, but renters will need to purchase their own furniture and appliances.
Popular areas for apartment rentals in Amman include Abdoun, Sweifieh, and Jabal Amman. These areas are known for their vibrant atmosphere, proximity to amenities such as restaurants, cafes, and shops, and easy access to public transportation.
Houses in Jordan Amman:
For those who require more space and privacy, renting a house in Amman may be a good option. Houses for rent in Amman range from villas to semi-dettached villas, with various options available for renters depending on their budget and needs.
The average cost of renting a house in Amman is higher than that of an apartment, ranging from JOD 1,000 to JOD 6,000 per month, depending on the size, location, and amenities.
Cheap Apartments in Amman:
Although property prices in Amman can be high, there are still some affordable options available for those on a tight budget. One way to find cheap apartments in Amman is to look for properties in less popular or less trendy areas of the city. These areas may not have the same amenities or easy access to public transportation, but they can be an excellent option for those looking to save money on rent.
Another way to find cheap apartments in Amman is to negotiate with landlords or property managers. Some landlords may be willing to offer a lower rent price if the tenant signs a long-term lease or pays several months’ rent in advance.
Apartments for Rent in Amman:
Renting an apartment in Amman can be a straightforward process, but it is essential to be aware of the requirements and paperwork involved. To rent an apartment in Amman, tenants will need to provide a copy of their passport and a residency visa, as well as a rental deposit.
It is recommended to work with a reputable real estate agency or property management company when searching for an apartment to rent in Amman. These companies can provide valuable insights into the current market trends and help renters find a property that meets their needs and budget.
Houses for Rent in Amman:
Renting a house in Amman involves a similar process to renting an apartment, with some additional requirements. Tenants may need to provide additional documentation, such as proof of income or a letter of employment, depending on the landlord’s requirements.
Working with a real estate agency or property management company can also be beneficial when renting a house in Amman. These companies can help renters find a suitable property, negotiate lease terms, and handle any maintenance or repairs needed during the rental period.
Furnished Apartments for Rent in Amman:
Furnished apartments are an excellent option for expats or international students who may not have the resources to purchase furniture and appliances for a new rental property. Furnished apartments in Amman come fully equipped with everything needed for a comfortable living experience, including furniture, appliances, and often include utilities such as internet and cable TV.
When renting a furnished apartment in Amman, tenants should be aware of any additional fees or costs involved, such as a security deposit or cleaning fee. It is also important to ensure that the property is well-maintained.
Amman Property and Real Estate:
Despite the challenges, the property and real estate market in Amman continues to grow. According to the Department of Statistics, the real estate sector accounted for 8.2% of Jordan’s GDP in 2020, making it one of the key contributors to the country’s economy.
One of the trends in the Amman property market is the increasing demand for modern, luxury apartments. Many expats and young professionals are looking for apartments that offer amenities such as swimming pools, gyms, and underground parking. As a result, many developers are now focusing on building high-end apartment complexes in areas like Abdali, Abdoun, Sweifieh, and the 5th Circle.
Another trend in the Amman property market is the growth of the commercial real estate sector. Many companies are expanding their operations in the city, and this has led to an increase in demand for office space. As a result, several new commercial buildings are under construction in areas like Abdali and Shmeisani.
Despite these trends, one of the biggest challenges in the Amman property market is the affordability of housing. According to a report by Numbeo, the average cost of a one-bedroom apartment in the city center is around 450 JOD (approximately $634) per month,.These prices are often out of reach for many local residents, especially those with low to medium incomes.
In conclusion, the property and real estate market in Amman continues to grow, with a particular focus on luxury apartments and commercial buildings. However, the high cost of housing remains a challenge for many local residents. As the city continues to develop and attract more expats and investors, it will be interesting to see how the property market evolves and what solutions are put in place to address the issue of affordability.