DAMAC Enters Iraq with ‘DAMAC Hills Baghdad’

In a bold move to expand its footprint across the region, DAMAC International has announced its first-ever project in Iraq — the stunning DAMAC Hills Baghdad.

The project marks a historic milestone for both DAMAC and Iraq’s growing real estate sector, introducing a new benchmark for luxury living in Baghdad.

🏗️ About the Project

DAMAC Hills Baghdad covers a vast 6.2 million square metres, located in a prime area near Abbas Ibn Firnas Square, just five minutes from Baghdad International Airport, ten minutes from the Green Zone and Al-Mansour district, and fifteen minutes from the city’s top hotels.

The first phase will feature three exclusive residential clusters — Misk, Fayrouz, and Lamar, blending modern architecture with elements of Iraq’s rich cultural heritage. Each villa and apartment is designed to offer residents an elevated lifestyle with world-class infrastructure and amenities.

🌿 A Community Built for Modern Living

This luxury master community will include central parks, a health club, leisure areas, restaurants, and cafés, all within a secure, gated environment. To ensure reliability and sustainability, the project also features its own water system, on-site power substation, and solar-powered heating — along with 24/7 security and maintenance.

According to Majid Al Ghazali, Senior Vice President of Projects at DAMAC, the launch reflects the company’s long-term vision to bring its signature lifestyle developments to emerging markets that are entering a new phase of growth.

💰 Investment Outlook: What It Means for DAMAC and Iraq

DAMAC Hills Baghdad represents more than a property launch — it’s a strategic market entry into a country undergoing transformation. For DAMAC, it signals diversification beyond traditional markets like the UAE, Saudi Arabia, and Europe. For Iraq, it marks a step toward urban renewal and the government’s ambitious US $450 billion investment plan aimed at boosting infrastructure and attracting foreign investors.

Luxury real estate is still underdeveloped in Iraq, meaning DAMAC enjoys first-mover advantage — positioning itself to capture demand from affluent locals and regional buyers seeking premium, master-planned communities.

⚠️ Challenges and Considerations

Of course, new markets bring new challenges. Iraq’s property sector still faces political and regulatory risks, infrastructure gaps, and uncertainty in luxury housing demand. Other considerations include currency volatility, construction logistics, and resale liquidity — factors developers and investors must manage carefully.

Still, DAMAC’s proven track record across the Middle East gives it an edge in executing large-scale projects with high design and operational standards.

🔍 The Bigger Picture

DAMAC Hills Baghdad is more than a development — it’s a symbol of confidence in Iraq’s potential. As Baghdad opens up to foreign investment, projects like this could redefine the city’s skyline, attract global attention, and pave the way for other international developers to follow.

With its size, ambition, and strategic timing, DAMAC’s first step into Iraq could be one of the region’s most significant real estate stories of the decade.