Jordan Real Estate Market Outlook to 2013

 Published On: Feb, 2012 |    No of Pages: 35 |  Published By: kenresearch | Format: PDF
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EXECUTIVE SUMMARY

The report titled “Jordan Real Estate Market Outlook to 2013” discusses in details various aspects of the Jordan’s real estate market with the focus on the competition and impelling demand for real estate properties from the expatriates and the domestic population. The report covers the comprehensive analysis on the market size of the real estate sector in Jordan on the basis of supply and contribution of the real estate sector to the economy of the country, market segmentation, competitive landscape and company profiles of major developers operating in Jordan. The report also entails the SWOT analysis of the real estate sector in Jordan. The future projections and outlook provide an insight on the future growth drivers and challenges in the real estate sector of Jordan.

Jordan’s real estate market has grown over the years on account of the rising demand for affordable and mid end residential buildings. In addition, the demand for modern offices in Amman and the development of several commercial and entertainment complexes have added to the real estate growth trajectory of Jordan. In 2010 Jordan’s real estate market was valued at USD ~ million which had grown at a CAGR of 4% from USD ~ million in 2005.


In 2010, the total value of real estate transactions in Jordan increased by ~% to USD ~ billion from USD ~ billion in 2009, along with an increase of ~% in the number of apartments sold and ~% in the land transactions.


The residential market in Jordan is undersupplied due an excess of demand from the expatriates and the domestic population. It is expected that in the near future this gap between the supply and demand will prevail as the country is witnessing a rapid growth in its young domestic population with small families proposing the need for affordable residential properties.
 

Jordan’s real estate market supply had increased at a CAGR of 3% from 2005-2010. In 2010 the market recorded a cumulative supply of ~ thousand square meter of GLA as compared to ~ thousand square meters in 2005. This increase in the supply was influenced by the growing demand for affordable and middle end residential buildings and demand for better and quality office buildings in Amman as a result of increased business activities in the country. Moreover, an increasing population is one of the major drivers of the real estate market on which the supply of residential units majorly depends. 


The real estate market in Jordan is characterized by intense level of competition between several registered and unregistered companies. Zara Investment Holding with a contribution of ~% in 2010 has gained a leading edge in the real estate market in the country.


The Jordan real estate market is expected to experience a fresh supply of ~ GLA thousand square meter of space during the period from 2010-2013. This addition will be due to the surge in the demand for small apartments or affordable residential units in the country mostly driven by the Iraqis and other expatriates.


Key Topics Covered in the Report:


• The market size of the real estate sector in Jordan on the basis of total supply and the contribution of the sector to the GDP of the economy, 2005-2010.

• Market segmentation of the Jordan real estate market by residential, office, retail and hotel on the basis of total supply, 2005-2010

• Recent trends and developments of the Jordan real estate market

• SWOT analysis of the Jordan real estate market

• Market share of the major real estate developers operating in Jordan, 2010

• Company profiles of leading developers in the real estate market in Jordan

• Future outlook and projections of the supply of residential, office, retail and hotel spaces, 2011-2013

• Cause and effect relationship analysis between industry factors and expected industry prospects in the Jordan real estate market

• Historical and future forecast of several macro-economic and industry factors including Population, GDP, number of tourist arrivals and inflation



TABLE OF CONTENTS


1. Jordan Real Estate Market Introduction

2. Jordan Real Estate Market Size, 2005-2010

2.1. By Revenue, 2005-2010

2.2. By Supply, 2005-2010

3. Jordan Real Estate Market Segmentation by Residential, Office, Retail and Hotel, 2005-2010

4. Jordan Real Estate Market Trends and Developments

5. Jordan Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

6. Jordan Real Estate Market Competitive Landscape

6.1. Jordan Real Estate Market Developers’ Market Share, 2010

7. Jordan Real Estate Market Future Outlook

7.1. Cause and Effect Relationship between Dependent and Independent Factors Prevailing in Jordan Real Estate Market

7.2. Jordan Real Estate Market Future Projections, 2011-2013

7.3. Residential, Office, Retail, Hotel Projected Supply, 2011-2013

8. Major Jordan Real Estate Developers Profiles

8.1. Zara Investment Holdings

Company Overview

Financial Performance

8.2. Investors & Eastern Arab for Industrial & Real Estate Investment (IEAI) 

Company Overview

Financial Performance

8.3. Union Land Development Company (ULDC) 

Company Overview

Financial Performance

8.4. Specialized Investment Compounds Company PLC (SPIC) 

Company Overview

Financial Performance

8.5. Taameer Jordan Holdings (TAMR) 

Company Overview

Financial Performance

8.6. Jordan Dubai Properties (REIN) 

Company Overview

Financial Performance

8.7. Real Estate Development Company (REDV) 

Company Overview

Financial Performance

9. Jordan Macro Economic and Industry Factors: Historical and Projections

9.1. Population, 2005-2013

9.2. Gross Domestic Product, 2005-2013

9.3. Number of Tourists, 2005-2010

9.4. Inflation, 2005-2013

10. Appendix

10.1. Market Definition

10.2. Abbreviations

10.3. Research Methodology

Data Collection Methods

Approach

10.4. Disclaimer

LIST OF FIGURES

Figure 1: Jordan Real Estate Market Size in USD Million, 2005-2010

Figure 2: Jordan Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 3: Jordan Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 4: Jordan Real Estate Market Projections on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Figure 5: Zara Investment Holdings Total Revenue in USD Million, 2006-2010

Figure 6: Investors & Eastern Arab for Industrial and Real Estate Investment Total Revenue in USD Million, 2006-2010

Figure 7: Union Land Development Company Total Revenue in USD Million, 2006-2010

Figure 8: Specialized Investment Compounds Company PLC Total Revenue in USD Million, 2006-2010

Figure 9: Taameer Jordan Holdings Total Revenue in USD Million, 2006-2010

Figure 10: Jordan Dubai Properties Total Revenue in USD Million, 2006-2010

Figure 11: Real Estate Development Company Total Revenue in USD Million, 2006-2010

Figure 12: Population in Million, 2005-2013

Figure 13: Gross Domestic Product in USD Million, 2005-2013

Figure 14: Total Number of Tourists Arrivals in Million, 2005-2010

Figure 15: Inflation in Percentage, 2005-2013


LIST OF TABLES

Table 1: Jordan Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 2: Jordan Residential Units and Hotel Rooms in Thousands, 2005-2010

Table 3: Jordan Real Estate Market Developers’ Market Share in Percentage, 2010

Table 4: Jordan Real Estate Market Developers’ Total Revenue in USD Million, 2010

Table 5: Cause and Effect Relationship Analysis between Industry Factors and Expected industry Prospects of Jordan Real Estate Market

Table 6: Jordan Real Estate Market Projections by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Table 7: Jordan Residential and Hotel Real Estate Market Projected Supply in Units in Thousand and Rooms in Thousands, 2011-2013




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