By John Lee.
UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East.
According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure projects - including a national plan to construct one million housing units - are fuelling sustained demand across residential and commercial markets.
Baghdad is emerging as a key focal point for development, with the construction industry expected to grow by 4.9% annually between 2025 and 2028.
The Baghdad office will provide a full suite of property services, including sales, lettings, investment advisory, valuations, and market research.
(Source: Chestertons Global)
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