Property deals in Jordan fell 38% by value to 2.78 billion dinars ($3.92bn) in the first eight months of 2009 compared to the same period a year earlier, official data shows.

Department of Land and Survey figures showed turnover stood at 4.46 billion dinars in the eight months to August 2008, before the impact of a global downturn began to slow economies across the Gulf region, hurting business and dampening domestic consumption.

The official data, however, showed that foreign purchases of apartments, commercial units and real estate assets rose 22% to 169.1 million dinars in the same period in 2009 against the first eight months of 2008.