By Omar Sirri, for the London School of Economics (LSE) Middle East Centre. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Destructive creations: social-spatial transformations in contemporary Baghdad This working paper examines social-spatial transformations in contemporary Baghdad by zooming in on two of the […]
Tag Archives | real estate
New Real Estate Development Initiative in Iraq
By John Lee. The first meeting of the Committee in charge of establishing the National Company for Real Estate Development has been held at the headquarters of the National Investment Commission (NIC). The meeting was chaired by Suha Dawood Najar, Head of NIC, who said the new company will be "mixed sector", with 50-percent owned […]
Guide to Iraq's Property Compensation Guidelines
Iraq has experienced a massive wave of displacement over the last four years that has caused an intricate housing, land and property situation. During the recent conflict, many Iraqi citizens have had their property rights violated, such as having lost possession of their property or have had their property damaged or destroyed by different actors. […]
Rent and Property Prices Increasing in Kurdistan
By John Lee. Housing prices in Iraqi Kurdistan have reportedly increased by 20 percent in 2018, while rents has gone up by 15 percent. Citing research from real estate company Baghi Khoshnawati, Rudaw says that demand for rental accommodation in the second half of 2018 has increased by 45 percent compared to the first half […]
64,000 New Homes Planned for Al-Rashid City
By John Lee. Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad. The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of "up to" (sic) 64,000 […]
Families Sell Homes at Half Price, Fuelling Real Estate Boom
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Anbar Families Seeking Safety Sell Homes At Half Price, Fuelling Real Estate Boom If there is one winner in the province of Anbar right now, it may well be those […]
Iraqis Offer Turkish Firms $200m Project in Baghdad
By John Lee. Following a visit by the Turkish Prime Minister Binali Yıldırım (pictured) to Iraq last week, an Iraqi business delegation has come to Turkey and proposed a $200-million construction project in Baghdad to Turkish businessmen. Tevfik Öz, a member of the board of the Turkish-Iraqi Business Council, told Daily Sabah that the Iraqi […]
How Iraqi Real Estate became Subject of Corrupt Dealings
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When the Iraqi Commission of Integrity Court entered a default judgment Oct. 16 against the head of the Karbala Real Estate Registration Directorate, ordering her imprisonment for tampering with […]
Kurds Agree Arabs Can Own Real Estate, Sparking Controversy
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Kurdish Agree Arabs Can Own Real Estate, Sparking Controversy Last week, the governor of Sulaymaniyah ruled that Arabs could own houses and land in the area. The new rule sparked […]
IS Sells Properties Left by Kurds in Mosul
By John Lee. BasNews reports that the Islamic State group (IS, ISIS, ISIL, Daesh) is allegedly attempting to put residential buildings taken from civilians in Mosul on sale. A source told the news agency that IS confiscated "more than 126" (sic) houses left by Kurds and Christians in Mosul, and is now selling the houses […]
"No Houses for the Arabs" in Kurdistan
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. No Houses for the Arabs: Iraqi Kurdish Council's Controversial Ruling About Who Can, and Cannot, Buy Property Tensions between displaced Arabs in Iraqi Kurdistan and local Kurds are growing. Which […]
The Real Estate Wreckers of Basra
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Real Estate Wreckers: While Ordinary Basra Families Suffer, A New Upper Class Profits Real estate prices in Basra are rising dramatically thanks to the oil industry, the province’s economic prowess […]