By John Lee. Talaat Moustafa Group (TMG) has received an investment licence and secured a land bank of approximately 12.8 million sqm in south-west Baghdad to develop an integrated urban community, in what the Egyptian group describes as a key milestone in its regional expansion strategy. According to TMG Holding, its subsidiary Talaat Moustafa Company […]
By John Lee. Dubai-based DAMAC International has announced the launch of Harir Residences, a new residential development within its DAMAC Hills Baghdad community, located near Baghdad International Airport. The project comprises two 12-storey towers with a total of 210 units across one-, two-, and three-bedroom apartments. According to a press release from the company, key features […]
By John Lee. The National Investment Commission (NIC) has reviewed progress on the Nahrawan City project in Baghdad, a 2,500-dunum development comprising 8,000 fully serviced housing units. The infrastructure works are being implemented by Al-Asim Real Estate and Tourism Investment Company, covering utilities and essential services for the planned residential community. During a site visit, Commission […]
By John Lee. Prime Minister Mohammed Shia' al-Sudani has launched a project to automate property sale and ownership transfer transactions at the General Directorate of Real Estate Registration within the Ministry of Justice. The system is intended to support administrative and financial reform, improve transparency, and protect citizens' property rights. Al-Sudani said the directorate is […]
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 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. Hiwa Rauf for Investment & Development (HRID) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a financing partnership mandate for Downtown Slemani, Iraq's first certified sustainable mixed-use real estate development. The agreement was announced during IFC Partnerships Day in Iraq, held under the patronage of […]
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. Prime Minister Mohammed S. Al-Sudani oversaw the signing of a Memorandum of Understanding between the National Investment Commission (NIC) and Egypt's Talaat Moustafa Group for Real Estate Development (TMG) to develop part of the economic zone in Al-Rafeel [Rafael] City, west of Baghdad. The agreement involves Iraqi-Egyptian-Saudi investment and includes participation from […]
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 […]
By Salam Jabbar Shihab, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Real Estate and the Banking Intermediary Between Sellers and Buyers: Will the Real Estate Market Boom or Collapse? Several macroeconomic factors are driving the […]
