Chestertons Global opens new office in Iraq

By bne IntelliNews May 6, 2025

British Chestertons Global has announced the opening of a new office in Baghdad as part of its Middle East expansion plans, the company stated on May 6.

Currently operating out of the United Arab Emirates the company has set sights on the fast developing Iraqi market which has seen an explosion of development in recent years due to foreign direct investment (FDI) in that country.

Iraq's real estate sector, valued at $1.12bn ($1.12bn), is projected to grow annually by 6%, attracting increasing investor interest, according to government figures.

Government-backed infrastructure projects, including plans to build one million housing units, are driving sustained demand across residential and commercial markets, Chestertons Global reported on May 6.

Baghdad is becoming a key development centre, with the construction industry expected to grow by 4.9% annually between 2025 and 2028.

The new Baghdad office will offer comprehensive property services, including sales, lettings, investment advisory, valuations and market research.

Related Articles

Iraq holds talks with Excelerate Energy on buying first LNG from US

Iraq is in the final stages of negotiating its first-ever purchase of LNG supplies as power outages hamper the Middle East country, Bloomberg reported on June 26. Dallas-headquartered Excelerate ... more

Iraq rescues citizen kidnapped by Isis in 2014 from Syria

Iraq’s self-titled Popular Mobilisation Forces (PMF) have rescued a citizen kidnapped by ISIS in 2014 and returned him from Syria to Iraq after 11 years in captivity, local newspapers ... more

UAE's Air Arabia resumes flights to Iran, Iraq as regional airspace reopens

Sharjah-based Air Arabia will resume flights to Iran, Iraq, Georgia and Armenia from July 1 following the reopening of regional airspace after a 12-day conflict between Iran and Israel. The ... more

Dismiss