The cost of rent in Jordan varies greatly depending on the location and type of property. In general, the most popular areas for expats to live in Jordan are the capital city, Amman, and the coastal city of Aqaba. In Amman, a one-bedroom apartment in the city center can cost anywhere from 500 to 1,000 Jordanian dinars (JOD) per month. This price can increase for luxury apartments or for properties located in upscale neighborhoods. On the other hand, a one-bedroom apartment in Aqaba can cost anywhere from 300 to 600 JOD per month, with the higher end being for properties near the sea or with more luxurious amenities.
Rental Caps in Jordan
There are currently no rental caps in place in Jordan. However, the government has taken steps to regulate rent prices in order to make housing more affordable for citizens. In 2020, the government implemented a law that required landlords to register their properties with the government and to provide details about the monthly rent. This information is used to monitor the market and ensure that rent prices are reasonable.
Deposit Requirements and Return Rules in Jordan
When renting a property in Jordan, a tenant is typically required to pay a deposit equal to one or two months’ rent. This deposit is held by the landlord as security for any damages to the property during the tenancy. At the end of the tenancy, the landlord is required to return the deposit, minus any deductions for damages, within a period of 30 days.
If there are any disputes between the landlord and tenant regarding the return of the deposit, the matter can be brought to the local court for resolution. It is important for tenants to keep records of any damages or repairs made during the tenancy in order to prove that the deposit was properly used.
Changes in Rent Prices and Availability in Jordan
The rental market in Jordan is relatively stable and does not experience significant fluctuations throughout the year. However, there may be some variations in rent prices and availability depending on the location and type of property. For example, properties in Aqaba tend to be in higher demand during the summer months, when tourists flock to the city for its beaches and warm weather. This may result in higher rent prices and a decrease in available properties during this time.
In Amman, there may be slight fluctuations in rental prices depending on the current state of the economy and other factors. However, the rental market in Amman is generally considered to be stable and reliable, with a good selection of properties available throughout the year.
Overall, the rental market in Jordan is relatively stable and offers a good selection of properties at reasonable prices. With the government’s recent efforts to regulate the market and ensure that rent prices are fair and reasonable, it is an attractive option for expats looking to live in the country.