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Housing investors praise inclusion in Residency by Investment
The Jordanian Council of Ministers has approved significant amendments to the rules governing residency and citizenship by investment. These changes expand the options for foreigners to purchase real estate, allowing both housing companies and individuals to do so, alongside real estate developers. The aim is to invigorate the real estate market and attract new investments. The amendments specify that qualifying properties for residency are valued at 200,000 Jordanian Dinars when purchased from a real estate developer, and 300,000 Dinars when bought from a housing company or an individual. Clear definitions of real estate development activities will be established to ensure fairness and efficiency. Additionally, the amendments propose lowering the minimum property value in the provinces to 150,000 Dinars to encourage investment and housing outside the capital, with a focus on strategic projects such as the Amra City, in an effort to promote sustainability and developmental investment.
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