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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Investment in Diyala "without supervision".. Prices of residential complexes exceed half a million d

    Rocky
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    Investment in Diyala "without supervision".. Prices of residential complexes exceed half a million d Empty Investment in Diyala "without supervision".. Prices of residential complexes exceed half a million d

    Post by Rocky Sat 20 Jul 2024, 5:06 am

    Investment in Diyala "without supervision".. Prices of residential complexes exceed half a million dollars


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    2024-07-20 05:02
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    Shafaq News/ Diyala Provincial Council member Salem Al-Tamimi threatened, on Saturday, to "dissolve" the Investment Authority Council in the province due to the lack of oversight and the prices of residential units in complexes inside the province exceeding the barrier of 500 thousand US dollars.
    Al-Tamimi told Shafaq News Agency, "The prices of real estate in residential complexes have reached the point of madness, and in the center of Baqubah they have exceeded the prices of the capital, Baghdad. They are available only to businessmen and contractors, while they are supposed to be competitive and contribute to solving the housing crisis and reducing the prevailing prices of real estate in general."
    He added that "the prices of residential units in certain complexes have reached 350 and 450 thousand dollars and even half a million dollars and more," considering that "this is evidence that investment opportunities are granted with the aim of increasing money for capitalists and enhancing their profits and allowing them to exploit the investment authority by obtaining land for free without monetary value, while it is supposed to be within reach of citizens and employees."
    A member of the Diyala Council said, “Investment opportunities in Diyala are granted without a feasibility study or real oversight and without specifying wages in order to achieve competitive opportunities, which are contrary standards, while the Investment Authority has become a monopoly for some individuals and companies,” noting that “the value of the housing unit should be the sum of the cost of the license and the cost of construction, plus 20% profit for the investor as a result of the free land, but this is absent and the prices are double the real value.”
    Al-Tamimi stressed that “the first steps that we will take in the Diyala Council after forming the local government are to dissolve the Investment Authority Council and appoint specialists in their place. We will also form a team to determine the prices of real estate in the complexes and review them by the Authority, instead of leaving that to the investor. In addition, specific controls will be put in place to grant investment opportunities.”
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