Amman: The local real estate market saw a robust trading volume of 1.491 billion Jordanian Dinars in the first quarter of 2024, with March alone contributing 402 million Dinars.

According to Jordan News Agency, the Department of Land and Survey's latest monthly report revealed a 6% year-on-year increase in revenue from real estate transactions, reaching 63 million Dinars by the end of March. Conversely, overall real estate sales experienced a 7% decline compared to the same period last year. Breaking down the figures, apartment sales saw a marginal 1% drop, while land sales fell by a more significant 9%.

The total number of properties sold in the first quarter stood at 2,936. On a monthly basis, revenue in March dipped by 28% compared to February, totaling 15.5 million Dinars.