Increased investment in Iraq real estate sector.
Information released this week has shown that institutions and investors from the UAE are now the largest investors in the Iraq property market, having committed over $31 billion since 2003. The figure represents over 50% of all investments in the country.
The research, which was carried out by Washington based Dunia Frontier Consultants goes on to predict that the levels of investment in real estate in Iraq will continue to increase to around $40 billion by 2010.
Iraq is currently undertaking a number of major development projects, and approximately 750,000 new housing units are expected to be completed by the end of 2010. In February, approximately $620 million in investor capital was announced for real estate projects across the country, as investors focused on new opportunities in the north-central and south-central regions of the country.
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