Iraq – Aziz Al Yahya
Rixos is preparing to launch residential unit sales in its first project in Baghdad while construction continues to advance steadily The real estate sector in the Iraqi capital is witnessing a significant transformation with the entry of the global Rixos brand through the Rixos Hotel and Residences project developed by Estithmar Real Estate under the supervision of the National Investment Commission The company announced the readiness to launch the first phase of residential sales while construction progresses rapidly reflecting the commitment of investors and the executive team to complete the project according to the highest standards
The project represents a major milestone in Baghdad’s new urban development landscape as it combines a five star Rixos hotel known for its luxury services with high end residential apartments within the Downtown Baghdad complex The development features comprehensive amenities including restaurants cafes fitness facilities an outdoor swimming pool and a private helipad positioning it among the largest and most prominent projects in the region
The economic significance of the project goes beyond real estate as it is a strategic step showing that the Iraqi market can attract internationally recognized hotel brands with substantial economic impact The presence of Rixos in Baghdad enhances international investor confidence supports the Iraqi government’s efforts to diversify income sources and attract foreign direct investment and creates hundreds of job opportunities for Iraqi youth both during construction and once the project is operational
Field reports indicate that progress in the project is balanced across infrastructure structural frameworks and architectural facades with the executing company committed to the global quality standards that Rixos is known for This boosts local market confidence and is expected to drive strong demand for the first phase of residential sales
Beyond investment implications the entry of Rixos into Iraq signals that Baghdad is regaining its position as a city capable of hosting global projects and creating a modern urban environment competitive in the region This adds significant value to the country’s reconstruction and urban development trajectory
Local media sources including Rased Iraqi confirmed that the announcement of the first phase of sales coincided with visible progress on site while Baghdad Projects’ social media pages showcased detailed images highlighting the project’s scale and contemporary architectural style The official Rixos website further emphasizes the brand’s global presence in over twenty countries
The preparation to launch residential sales at Rixos Baghdad marks a strong indicator that Iraq’s real estate and tourism sector is entering a new phase where international investor interest aligns with local market aspirations and national development strategies aiming to transform Baghdad into a modern urban hub capable of attracting major capital and flagship projects
