64,000 New Homes Planned for Al-Rashid City

By John Lee.

Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad.

The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of "up to" (sic) 64,000 new homes, has previously been estimated by Iraqi officials to have an investment value of about $10 billion.

Emaar Properties told Thomson Reuters that it will make appropriate disclosures when the agreements are finalised.

(Source: Zawya)

(Picture: Construction at Bismaya New City)

One Response to 64,000 New Homes Planned for Al-Rashid City

  1. Ibn Al IRaq 13th March 2018 at 07:19 #


    This is an excellent project and sincerely wish that both parties work in harmony to deliver a raw model & quality housing for Iraqis in sha Allah soon.

    We ask the GoI to remove any obstacles facing this project and follow it up until completion.

    Good luck and all the best to all parties involved.

    God Bless Iraq