Dubai-based developer Emaar Properties, builder of the world's tallest building, is planning a $3 billion mixed-use development in the Iraq region of Kurdistan. The 541,000-square-meter project in the regional capital of Ebril will include 15,000 residences.
Wyndham Hotel Group has announced its entry into Iraq with the opening of the Ramada Sulaymaniyah Salim Street in Kurdistan. The hotel features 58 rooms, 13 suites, 728-square-meter theater-style ballroom, a 144-square-meter indoor pool and a whirlpool.
The republic of Turkey, with a population of 75 million in western Asia, wants to be a noticeable player in the world's real estate markets. The country's real estate growth plans are ambitions. Turkey wants to attract up to $10 billion a year to its property market from investors in Europe, Asia and the oil-producing states around the Persian Gulf, including Iran, Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, and Oman.
In a ceremony held today at the newly inaugurated U.S. Consulate, Marriott International (NYSE:MAR) signed agreements with Empire Iraq to manage a 200-room, upscale Marriott Hotels & Resorts-branded hotel and a 75-unit deluxe Marriott Executive Apartments property.