From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Finance Ministry Sets $100 at 150,000 Dinars in Budget Iraq has set $100 at 150,000 dinars for certain housing payments, but Kurdistan Region investors lack access to the same official-dollar mechanism. Click here […]
By John Lee. A fraud network that purchased more than 170 properties in Babylon and Baghdad and registered them in the names of others has been dismantled, with all nine suspects arrested. The properties, which include state-owned and agricultural land, are estimated to be worth tens of billions of Iraqi dinars (hundreds of millions of […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Housing Boom is Leaving its Aspirational Class Behind In Erbil, the capital of Iraqi Kurdistan, a young professional said she considers herself fortunate by earning some two million IQD (1,500 USD) a […]
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. Iraq is to build facilities for justice-related departments, including the Directorate of Real Estate Registration, on the West bank of the Tigris in Mosul. The Iraqi Cabinet approved an exemption for a project on Tuesday, removing the project from the requirements of Cabinet Decisions No. 421 of 2025 and No. 3 of […]
By John Lee. The National Investment Commission (NIC) has conducted a field visit to the Al-Jawahiri Residential City project, located in in Abu Ghraib, west of Baghdad. An engineering team inspected progress at the housing development, reviewing implementation stages and assessing compliance with the terms of the investment licence and approved timelines. The visit focused […]
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. Prime Minister Mohammed Shia Al-Sudani on Monday received Mr. Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG) along with his accompanying delegation. The meeting was attended by the Chairman of the National Investment Commission (NIC) and the Saudi Ambassador to Iraq. The discussions focused on the Al-Rafeel [Rafael] Economic City […]
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 […]
