Tag Archives | property

Damac Begins Work on Princess Tower

Dubai-based DAMAC Properties has announced a comprehensive strategic plan to expand its operations to Iraq. The company has begun work on Princess Tower – a 26-storey, luxury furnished apartment complex in the heart of the Iraqi capital, Baghdad. The US$ 100 million project is the first stage of a long-term commitment to the country, said […]

Kurdistan Real Estate Market Makes Comeback

By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The economy of the Kurdistan region of Iraq fluctuates according to the state of relations between Baghdad and the Kurdistan Regional Government. A key indicator of the region’s economy, real estate, […]

$245m Deal for Iraq's Camp Bucca

Camp Bucca, the sprawling former prison once run by the U.S. military in southern Iraq, will be turned into a commercial center with offices, warehouses, aviation and fuel services to support investors, Associated Press reports. Haider Ali Fadhil, the head of Basra Investment Commission, said the $245 million-deal with the Iraqi Kufan Group and the […]

US Transfers $43m Camp to Iraqi Army

The United States Forces-Iraq and Iraqi Army has signed a document transferring ownership of areas at Camp Taji known as “The Triangle” and “North Side”. The areas encompass more than $43 million in property and equipment – 218 buildings, more than 1,000 Containerized Housing Units, and more than 10,000 pieces of equipment. With this transfer […]

Young Real Estate Entrepreneurs Link US and Iraq

In a high-rise apartment building in Minnesota's capital city, two 23-year-old men check on a couple dozen properties they've listed for sale in Iraq - Half a world away, their colleague, also 23, is already on the move in Baghdad: Showing houses and appraising properties as he navigates around concrete blast walls and police checkpoints.