By Jane Arraf and Yasmine Mosimann, for the New York Times. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Loses Green Space to Real Estate Boom The problem is driving up temperatures in what is already one of the hottest cities in the […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani has chaired a meeting to discuss the best use of lands surrounding Baghdad International Airport (BIAP). He ordered a ban on the granting or investment licenses and what was described as the "illegal disposal" of these lands, and stressed that any projects being implemented in this region […]
By Laure Al Khoury and Salam Faraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq, graft helps push property prices out of reach Real estate in Iraq has become a popular way to launder money, including stolen public […]
By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's Real Estate Boom […]
By John Lee. A new startup has reportedly announced a new product that digitises real estate maps. According to a report from Iraq Tech, Optionline's Naxsha is cloud-based real-estate software that "offers agencies a customisable platform to build and use data to improve their sales strategy." The app currently only contains maps of Erbil city, […]
By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
By John Lee. Nineveh Criminal Court has sentenced the former director of Real Estate Registration and his assistants to ten years in prison for fraud relating to property belonging to Mosul Municipality Department. The court issued a sentence of temporary imprisonment for ten years in accordance with article (289) of Penal Code No.(111) of 1969 […]
Housing, Land and Property Rights in Iraq - An Assessment of Progress Towards Durable Solutions in Line with the Pinheiro Principles Since the 1960s, housing, land and property (HLP) challenges faced by the people of Iraq have varied throughout different waves of conflict and displacements. These problems worsened during the period of conflict with the […]
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source: […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq moves to protect state property The Iraqi government launched a campaign to remove encroachments in Iraq, which is more likely to anger political parties and armed groups whose […]
By John Lee. The Iraqi cabinet has agreed to grant the Dubai-based Emaar Properties a plot of land for development at Baghdad International Airport (BIAP). The 1,000 acres will be used for a new residential area with integrated facilities, and a cultural and sports club with a golf course. (Source: Govt of Iraq)
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Mosul old city properties rapidly being bought up: residents Locals in Mosul say people from Iraq's southern provinces are buying up historical houses and property in the war-devastated old city at an alarming rate. […]
