Real Estate in Aqaba, Jordan
Last updated on Feb 11, 2024
Summary: The average cost of a nice 2 bedroom home in Aqaba, Jordan is around $150,000 USD, while a nice 3 bedroom home can cost around $200,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and a fully equipped kitchen. Some may also include a private garden or terrace. There are no restrictions on foreign ownership for properties in Aqaba. Expats should search for a home to buy in Aqaba by looking at online listings, visiting real estate agents, and attending open houses. The most desirable neighborhoods in Aqaba include Al-Hafayer, Al-Hussein, and Al-Manshiya. These areas are known for their close proximity to the beach, shopping centers, and other amenities.
How do I find a place to live in Aqaba?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"To find a place to live in Aqaba, you can start by researching online on websites such as Airbnb, Booking.com, and local real estate websites like AqarCircle and Bayut. These websites will provide you with various options, including apartments, houses, and shared accommodations. You can filter your search based on your preferences, such as budget, location, and amenities. Another option is to join local Facebook groups or online forums where people share information about available rentals in Aqaba. You can post your requirements and ask for recommendations from locals or expats who are familiar with the area. Once you have shortlisted a few potential places, it is a good idea to visit Aqaba and see the properties in person. This will give you a better understanding of the neighborhood, local amenities, and the condition of the property. You can also consult with local real estate agents who can help you find a suitable place based on your preferences and budget. When you find a place that meets your requirements, make sure to carefully read and understand the rental agreement before signing it. Ensure that the terms and conditions are clear, and don't hesitate to negotiate the rent or ask for any modifications if needed. Lastly, always consider safety and security when choosing a place to live in Aqaba. Check the neighborhood's reputation, and ask locals or other expats about their experiences living in the area," said one expat in Aqaba.
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What is a typical expat home or apartment like in Aqaba?
"A typical expat home or apartment in Aqaba, is likely to be a modern, spacious, and well-furnished living space. These homes often feature multiple bedrooms, a fully-equipped kitchen, air conditioning, and a comfortable living area. Many expat homes are located in secure residential complexes or neighborhoods, offering amenities such as swimming pools, gyms, and parking spaces. Some apartments may also have balconies or terraces with views of the Red Sea or the surrounding mountains. The homes are usually situated close to international schools, shopping centers, and popular tourist attractions, making them convenient for expats and their families," said one expat who made the move to Aqaba.
What is the average cost of housing in Aqaba?
If you are thinking about moving to Aqaba, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Aqaba can vary depending on the type and location of the property. Generally, the cost of renting a one-bedroom apartment in the city center ranges from $280 to $420 per month, while a three-bedroom apartment can cost between $560 and $840 per month. If you are looking to buy a property, the average price per square meter in the city center is around $1,000 to $1,500. However, these prices can fluctuate depending on various factors such as demand, location, and property condition," said one person in Aqaba.
Should I buy or rent a home in Aqaba?
If you have not spent a lot of time in Aqaba, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Aqaba, depends on several factors, including your financial situation, long-term plans, and personal preferences. If you plan to stay in Aqaba for an extended period, buying a home may be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property values. Additionally, owning a home provides stability and the freedom to make changes to the property as you see fit. On the other hand, renting a home in Aqaba offers more flexibility, as you can easily move to a different location if your circumstances change. Renting also allows you to avoid the responsibilities and costs associated with homeownership, such as maintenance, repairs, and property taxes. Furthermore, renting may be a more affordable option in the short term, as it typically requires a smaller upfront investment compared to purchasing a home. Ultimately, the choice between buying and renting a home in Aqaba depends on your individual needs and circumstances. It is essential to carefully consider your financial situation, long-term plans, and personal preferences before making a decision," said one expat in Aqaba.
What do I need to know when buying property in Aqaba?
When we asked expats what advice they would give a foreigner before buying a property in Aqaba, they said:
"1. Research the local real estate market: Familiarize yourself with the property market in Aqaba, including the types of properties available, their locations, and the average prices. 2. Hire a local real estate agent: A local real estate agent can help you navigate the property market, find suitable properties, and negotiate the best deal. 3. Understand the legal requirements: Foreigners are allowed to purchase property in Aqaba, but there are certain restrictions and requirements that must be met. Consult with a local lawyer to ensure you understand the legal process. 4. Obtain necessary permits: You may need to obtain a permit from the Aqaba Special Economic Zone Authority (ASEZA) before purchasing property in Aqaba. 5. Consider financing options: If you need financing to purchase a property, explore your options with local banks and financial institutions. 6. Inspect the property: Before finalizing the purchase, inspect the property thoroughly to ensure it is in good condition and meets your expectations. 7. Negotiate the price: Be prepared to negotiate the price of the property with the seller, as this is common practice in Jordan. 8. Prepare the necessary documents: Work with your real estate agent and lawyer to prepare the necessary documents for the property purchase, including the sales contract and any required permits. 9. Register the property: After the purchase is complete, you will need to register the property with the relevant authorities in Aqaba. 10. Plan for taxes and fees: Be aware of the taxes and fees associated with purchasing property in Aqaba, such as property transfer tax, registration fees, and annual property taxes. 11. Consider property management: If you plan to rent out your property or use it as a vacation home, consider hiring a property management company to handle maintenance and tenant issues. 12. Be aware of cultural differences: When buying property in Aqaba, be respectful of local customs and traditions, and be prepared to adapt to the local way of life," explained one person living in Aqaba, Jordan.
Are foreigners allowed to own property in Aqaba?
When we asked expats what advice they would give a foreigner before buying a property in Aqaba, they said...
"Yes, foreigners are allowed to own property in Aqaba. The government of Jordan has implemented policies to encourage foreign investment in the country, particularly in the Aqaba Special Economic Zone (ASEZ). Foreigners can purchase property in this area for residential or investment purposes without any restrictions. However, they may need to obtain approval from the Aqaba Special Economic Zone Authority (ASEZA) before purchasing the property. Additionally, foreigners are required to register their property under their name at the Land and Survey Department," said one foreigner living in Aqaba, Jordan.
What appliances are typically included in a rental?
We asked foreigners in Aqaba what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in Aqaba, you can typically expect to find essential appliances such as a refrigerator, stove, oven, and sometimes a microwave. Additionally, some properties may include a washing machine, air conditioning units, and a water heater. However, it is essential to check with the landlord or property listing to confirm which appliances are included, as this may vary from one property to another," explained one expat in Aqaba.
Additional Information about Searching for a Home in Aqaba:
We asked foreigners in Aqaba what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Aqaba typically start by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process of finding a home in Aqaba. Another common approach is to engage the services of a local real estate agent who can help navigate the housing market and provide valuable insights into the best neighborhoods and properties that suit their needs and budget. Expats may also ask their employer or colleagues for recommendations on reputable agents or property management companies. Visiting Aqaba in person is also an essential step in the home search process, as it allows expats to explore different neighborhoods, view properties firsthand, and get a feel for the local community. While touring properties, it's important to consider factors such as proximity to work, schools, and amenities, as well as the overall safety and quality of the neighborhood. Networking with other expats and locals can also be helpful in finding a suitable home, as they may have insider knowledge on available properties or upcoming vacancies. Additionally, word-of-mouth referrals can sometimes lead to better deals or more favorable rental terms. Finally, once a suitable property has been found, expats should carefully review the rental agreement or purchase contract, ensuring they understand all terms and conditions before signing. It may be helpful to consult with a local lawyer or real estate expert to ensure the contract is fair and legally binding," remarked one foreigner who made the move to Aqaba.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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