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[size=35][size=35]Ranked fourth in the Arab world.. “Statista”: Growth of the real estate market in Iraq[/size]
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02-28-2024 | 03:54
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Alsumaria News - International
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The real estate market in Baghdad is witnessing a huge jump in prices described as unprecedented, confirming the existence of huge money laundering operations resulting from rampant corruption in the country, as real estate prices in some Baghdad neighborhoods have exceeded their counterparts in European and Arab capitals, despite the decline in citizens’ purchasing power.
According to the data announced by the German company: The Kingdom of Saudi Arabia ranked first in the Arab world with an expected value for the current year of $2.100 billion, with a growth of 2%, followed by Morocco second with an expected value of $1.630 billion, with a growth of 4%?
The data showed that Egypt came third in the Arab real estate market with an expected value for the current year of 1.450 billion dollars, and Iraq came fourth with an expected value of 1.120 billion dollars, with a growth of 6%.
Data from the German company Statista, which specializes in market and consumer data, indicated that Oman and Bahrain were at the bottom of the table in the Arab real estate market with $325 million, an expected growth of 4%, and $85 million, an expected growth of 4%, respectively.
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According to traders in the real estate market in the capital, Baghdad, the price of one meter in the Yarmouk neighborhood ranged between 4,000 and 20,000 dollars, while in the neighboring Al-Harithiya neighborhood it ranged between 3,500 and 14,000 dollars, and in Al-Qadisiyah it ranged from 3,200 to 14,000 dollars, while in Al-Mansour, Zayouna, and Al-Jadriyah it ranged between 3,300 and 13,000 dollars. In the University neighborhood, it ranges between 2,500 and 11,000 dollars, while the value decreases the further the area is towards the outskirts of the capital.
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International
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02-28-2024 | 03:54
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639 views
Alsumaria News - International
Iraq ranked fourth in the Arab world in the real estate market out of 14 countries during the current year 2024, in data announced by the German company Statista, which specializes in market and consumer data.
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0 seconds of 0 seconds Volume 0%
[/ltr]
The real estate market in Baghdad is witnessing a huge jump in prices described as unprecedented, confirming the existence of huge money laundering operations resulting from rampant corruption in the country, as real estate prices in some Baghdad neighborhoods have exceeded their counterparts in European and Arab capitals, despite the decline in citizens’ purchasing power.
According to the data announced by the German company: The Kingdom of Saudi Arabia ranked first in the Arab world with an expected value for the current year of $2.100 billion, with a growth of 2%, followed by Morocco second with an expected value of $1.630 billion, with a growth of 4%?
The data showed that Egypt came third in the Arab real estate market with an expected value for the current year of 1.450 billion dollars, and Iraq came fourth with an expected value of 1.120 billion dollars, with a growth of 6%.
Data from the German company Statista, which specializes in market and consumer data, indicated that Oman and Bahrain were at the bottom of the table in the Arab real estate market with $325 million, an expected growth of 4%, and $85 million, an expected growth of 4%, respectively.
[You must be registered and logged in to see this image.]
According to traders in the real estate market in the capital, Baghdad, the price of one meter in the Yarmouk neighborhood ranged between 4,000 and 20,000 dollars, while in the neighboring Al-Harithiya neighborhood it ranged between 3,500 and 14,000 dollars, and in Al-Qadisiyah it ranged from 3,200 to 14,000 dollars, while in Al-Mansour, Zayouna, and Al-Jadriyah it ranged between 3,300 and 13,000 dollars. In the University neighborhood, it ranges between 2,500 and 11,000 dollars, while the value decreases the further the area is towards the outskirts of the capital.
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