DAMAC Properties, the Dubai-based developer, has launched its first project in Iraq: DAMAC Hills Baghdad. The luxury master-planned community is situated near Abbas Ibn Firnas Square, just five minutes from Baghdad International Airport. The launch marks a significant step in DAMAC’s regional expansion strategy.
The project is designed to offer high-end residential units and premium amenities, targeting affluent buyers seeking luxury living in Iraq. DAMAC Hills Baghdad combines modern architecture, landscaped spaces, and integrated facilities to create a fully planned urban community.
Industry analysts say DAMAC’s move into Iraq reflects confidence in the country’s real estate potential and growing demand for upscale housing. By entering a new market, the developer aims to diversify its portfolio and attract both domestic and international investors.
The proximity to Baghdad International Airport enhances the project’s appeal, offering convenient travel options for residents and business travelers. The location also positions DAMAC Hills Baghdad as a strategic hub for luxury living in the city.
DAMAC officials highlighted that the development will feature state-of-the-art infrastructure, recreational areas, and retail spaces. The master-planned approach ensures a balanced community with residential, commercial, and leisure facilities integrated into a single development.
Financial experts note that the project could stimulate local economic activity by creating construction jobs and attracting service providers. The development is expected to support local businesses, including suppliers, contractors, and maintenance services, while fostering a high-end real estate ecosystem.
DAMAC Hills Baghdad is part of the company’s broader regional growth plan, which focuses on expanding into emerging markets across the Middle East. Analysts believe the move signals increasing investor confidence in Iraq’s urban development potential and long-term economic prospects.
The project emphasizes sustainability and modern urban planning. Energy-efficient designs, landscaped public areas, and smart infrastructure are intended to enhance residents’ quality of life while meeting environmental standards.
Industry observers say DAMAC’s entry into Iraq may encourage other international developers to explore opportunities in the country. Large-scale, master-planned communities like DAMAC Hills Baghdad can set benchmarks for luxury real estate and attract global attention.
Overall, the launch of DAMAC Hills Baghdad represents a major milestone for DAMAC Properties and Iraq’s real estate sector. The luxury community is expected to attract buyers, stimulate local markets, and reinforce the developer’s position as a leading player in regional high-end housing projects.
