Iraq ranks fourth in regional real-estate market
Unfinished apartment buildings at a housing complex in Iraq’s capital Baghdad. Photo: Ahmad Al-Rubaye/AFP
Baghdad (IraqiNews.com) – Iraq is ranked fourth among 14 countries in the Arab real estate market for 2024.
With an estimated value of $2.1 billion for 2024 and a growth rate of two percent, Saudi Arabia held the top rank regionally, according to statistics issued by Statista, a German online platform that specializes in data gathering and visualization.
Morocco, in second place, is not far behind, with an expected value of $1.63 billion, indicating a four percent growth, Shafaq News reported.
Egypt ranked third in the Arab real estate market, according to Statista’s data, with an estimated value of $1.45 billion for 2024.
Iraq, with a growth rate of six percent and an estimated value of $1.12 billion, took fourth place.
In the Arab real estate market, Oman and Bahrain fell behind, with projected values of $325 million and $85 million, respectively, and growth rates of four percent for the two countries.