Iraq’s real estate sector Chestertons Global has opened a new office in Baghdad to boost its Middle East presence.
This expansion reflects rising interest in Iraq’s real estate sector, which continues to show strong growth potential.
According to the company’s statement, Iraq’s real estate reached a value of $1.12 billion in 2024.
Moreover, analysts project annual growth of 6%, attracting both regional and international property investors.
As the country stabilizes, investor confidence is growing, especially in housing, retail, and commercial developments.
Additionally, government-supported infrastructure projects are boosting real estate demand across Baghdad and other major cities.
These initiatives include new roads, utilities, and zoning policies that make property development easier.
Consequently, real estate firms now see Iraq as a promising destination for business expansion.
Chestertons Global, with decades of real estate experience, believes Iraq offers valuable long-term opportunities.
Furthermore, the company aims to bring international expertise to support the evolving Iraqi property market.
Their new Baghdad office will serve investors, developers, and property buyers across multiple segments.
The office also plans to provide services like property valuation, market research, and project management.
Meanwhile, Iraq’s real estate sector shows resilience despite global economic challenges and fluctuating oil prices.
Many investors prefer Iraq for its low entry costs and increasing demand in both residential and commercial spaces.
Notably, major cities like Erbil and Basra have also reported strong property transaction growth recently.
As more companies enter the market, Iraq’s real estate sector will likely become more competitive and transparent.
In addition, the government continues working on legal reforms to simplify property ownership and foreign investment.
These reforms aim to make Iraq’s property market more attractive and investor-friendly in the near future.
Chestertons’ entry signals rising global trust in Iraq’s economic recovery and development efforts.
This move may also encourage other firms to explore opportunities in Iraq’s untapped property sectors.
In conclusion, Iraq’s real estate sector continues to grow, drawing new players and global attention.
Chestertons Global now joins this momentum, showing confidence in Iraq’s evolving property landscape.