The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. UAE-based Damac has launched "Damac Hills Baghdad", which it describes as a landmark luxury development set to redefine the real estate landscape of Baghdad. At its launch event, the company expressed its commitment to delivering exceptional real estate projects and setting new standards of excellence in Baghdad's property sector. (Source: Damac)
By John Lee. The Iraq National Housing Policy 2025-2030 sets out plans to strengthen private sector participation in housing finance through Policy 3.4, which focuses on providing facilities for government-subsidised housing loans to enable private lending. The sub-pillar, titled "Increase the Ability of Private Banks to Provide Affordable Loans," addresses the limited role of Iraq's […]
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for "Rehabilitation of 55 Housing Units in Fallujah." Reference: ITB/2025/58519, Lot 1. The contract value was stated as $579,155 (Source: UNGM)
By John Lee. Chwarbarda Company for General Contracting has won a contract with the United Nations Office for Project Services (UNOPS) for "Rehabilitation of 35 Category III WDSs in Sinjar, Iraq (LIRA III)." The contract value was stated as $373,360. (Source: UNGM)
By John Lee. The Government of Iraq, with support from the United Nations Human Settlements Programme (UN-Habitat) and funding from the European Union (EU), has launched the National Housing Policy (NHP) 2025-2030, providing a comprehensive framework to address the country's housing challenges and promote equitable, sustainable urban development. Prime Minister Mohammed Shiaa Al-Sudani praised the […]
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for "Rehabilitation of 40 category III housing units in Ramadi" Reference: ITB/2025/58519, Lot 2. The contract value was stated as $350,655. (Source: UNGM)
By John Lee. The National Investment Commission (NIC) has signed an engineering supervision contract for the "Future City" ["City of the Future"] residential project - one of Baghdad's largest urban investment developments. The signing ceremony was attended by NIC Chairman Dr. Haider Mohammed Makiyya, representatives of Al-Handal International Group (the project developer), and Dr. Mohammed […]
By John Lee. The Board of Directors of the Industrial Cities Authority, chaired by Minister of Industry and Minerals Prof. Eng. Khaled Battal Al-Najm, has approved new regulations for real estate developers under its investment model. These regulations are described as the first of their kind in Iraq, establishing what they describe as clear standards […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a special meeting on Monday to review progress on the Ali Al-Wardi New Residential City (Madinat al-Ward), planned for southeast Baghdad. The project, spanning 61 million square metres, will provide 120,000 housing units of various types. It is positioned as a key solution to Iraq's housing […]
By John Lee. Iraq's Ministry of Oil has confirmed the allocation of 18,000 residential land plots to employees of state-owned oil companies in Basra. The announcement was made on Monday by Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani. Half of the plots will be distributed to Basra Oil Company (BOC) staff, […]
By John Lee. The National Investment Commission (NIC) has granted the investment licence for the Baghdad Hills project, one of the largest residential, recreational, and commercial developments in the capital. Located in the Al-Rafeel area of Baghdad, the project will feature 6,333 apartments distributed across 50 towers of 19 floors each, alongside 2,300 standalone villas. […]
By John Lee. The National Investment Commission (NIC) has announced plans to attract up to $250 billion in investments over the next two years, as part of efforts to diversify the economy and reduce reliance on oil revenues. NIC spokesperson Hanan Jassim told the state-run Iraqi News Agency (INA) that recent government reforms and legislative […]
