Iraq Rixos Baghdad project shows strong momentum in construction and sales performance. Istithmar Real Estate confirmed that construction progress passed 50 percent. At the same time, sales achievements reached 55 percent. Therefore, the project continues to move forward with confidence.
The company stated that work follows a clear long-term investment plan. Construction also follows a fixed and approved timeline. Teams maintain steady progress without delays. As a result, investors view the project as stable and reliable.
Design teams, consultants, and contractors work closely every day. This coordination improves execution quality and speed. Moreover, all approved resources remain fully available. These factors support smooth implementation across all stages.
Ali Kazma, Chief Development Officer at Istithmar Real Estate, shared further details. He explained that teams regularly review execution plans. They adjust strategies based on market demand and investor expectations. Therefore, the project stays aligned with real estate trends.
Kazma also stressed commitment to approved construction standards. Engineers and supervisors apply strict quality controls. Consequently, the project maintains high international specifications. This approach increases investor trust and buyer confidence.
Sales activity entered an advanced stage within the Iraqi market. Marketing teams focus on targeted buyer segments. Demand continues to rise steadily. Thus, Iraq Rixos Baghdad project records strong commercial performance.
The company expects sales growth to continue during upcoming phases. Performance indicators support this expectation clearly. Additionally, positive buyer feedback strengthens outlook. Therefore, management remains optimistic.
The project will operate under the Accor Group brand. Accor manages thousands of hotels worldwide. This partnership adds global credibility and operational expertise. As a result, the development benefits from international hospitality standards.
The project follows the branded residences model. This model combines luxury hospitality with residential living. Residents enjoy hotel-level services daily. Therefore, the concept attracts high-end buyers and investors.
The location adds strategic value to the project. The development sits inside Baghdad’s Green Zone. This area offers security and prestige. Consequently, the site appeals to diplomats, executives, and investors.
The development includes a five-star hotel and residential apartments. It also includes hotel units and service facilities. Restaurants, retail outlets, and wellness areas form part of the plan. These features create an integrated lifestyle environment.
Iraq Rixos Baghdad project also supports local employment. Construction activities created jobs across multiple sectors. Supply chains and logistics services benefited as well. Therefore, the project contributes to economic activity.
Operational services will create additional jobs after completion. Hospitality, maintenance, and management roles will expand. This impact supports long-term employment growth. Hence, the project delivers social benefits alongside investment returns.
The company emphasized strict adherence to safety standards. Workers follow approved procedures on site. Supervisors monitor daily activities closely. As a result, operations remain efficient and safe.
Infrastructure development progresses alongside vertical construction. Utility systems receive careful planning. Engineers ensure future operational efficiency. This preparation supports long-term sustainability.
Market observers view the project as a confidence signal. Large-scale developments reflect improved investment climate. Moreover, strong sales confirm buyer interest. Therefore, Iraq Rixos Baghdad project strengthens market sentiment.
Real estate analysts expect increased foreign interest. Global brands attract international attention. Accor’s involvement enhances visibility. Consequently, Baghdad gains stronger presence in regional hospitality markets.
The project timeline remains on track. Management monitors milestones closely. Teams resolve challenges proactively. This discipline ensures continued progress.
Urban development planners also note the project’s impact. Luxury projects raise surrounding property values. They encourage infrastructure upgrades nearby. Thus, the area benefits indirectly.
Investors appreciate transparency in progress reporting. Regular updates build trust. Clear data supports informed decisions. Therefore, communication remains a priority.
The company plans to maintain momentum through future phases. Construction pace will remain steady. Sales strategies will expand further. Iraq Rixos Baghdad project stays positioned for success.