Surge in interior region real estate transactions

The implementation of the Vacant Land Anti-Monopoly Law, which was approved during the supplementary session of the National Assembly on November 29, 2023, had a significant impact on real estate transactions. For example, during the month of January alone, 36 properties were sold in the interior regions with a total value of 37.3 million dinars, constituting 34.5% of the total real estate transactions in the interior regions during the first four months of 2024. Abdullah Al-Salem suburb emerged as the best-performing area of the year. In terms of trading value, it is witnessing a remarkable growth rate of 78.1%.

Likewise, the Khalidiya and Al Qadisiyah areas also witnessed significant increases in turnover, reflecting the positive impact of antitrust legislation on real estate transactions. Real estate experts emphasize the preference for interior areas due to personal preferences and increased demand, which leads to prices rising above market prices.

The implementation of antitrust laws led to the redirection of investment from residential sectors to other sectors, which increased supply and reduced demand in the residential sector. However, despite the significant rise in residential transactions in the interior areas, areas such as Yarmouk, Al Rawda, Mansourieh, Al Shamiya and Cordoba saw declines in transaction values, highlighting the divergent market trends across different regions.

Meanwhile, the Daiya and Al-Qadisiyah regions witnessed significant increases in trading activity, indicating a shift in market dynamics. In conclusion, while inland areas continue to attract investment and see growth in residential real estate transactions, external factors such as regulatory measures and economic policies play a crucial role in shaping market trends and investor behavior.

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