The real estate market in Iraq is experiencing a surge in demand due to increased foreign investment.

In Baghdad; a new skyline has begun to emerge, transforming the city into a bustling metropolis with a property landscape that’s as dynamic as its history.

In 2024, the Real Estate market in Iraq is expected to reach a projected value of US$1.11tn.

Among the various segments within this market, Residential Real Estate is anticipated to dominate with a projected market volume of US$0.84tn in the same year.

It is projected that the market will experience a steady annual growth rate of 4.43% from 2024 to 2028 (CAGR 2024-2028), resulting in a market volume of US$1.32tn by 2028.

The Commercial Real Estate market in Iraq is expected to reach a projected value of US$275.50bn by 2024.

It is anticipated that this market will experience a steady annual growth rate (CAGR 2024-2028) of 2.55%, leading to a market volume of US$304.70bn by 2028.

The demand for office space has grown steadily by 6% annually

International companies seeking a foothold in Iraq have driven this demand.