Chestertons Global has confirmed its entry into Baghdad, Iraq, as part of its continued strategic expansion across the Middle East. The new presence will operate under the Chestertons Global brand, marking a key milestone in the company’s international growth journey.
Iraq’s real estate market continues to show strong momentum, making it a natural next step for Chestertons Global’s regional expansion. The market was valued at approximately $1.12 billion in 2024, placing it among the largest in the Arab world, with projected annual growth of 6%. Government-backed infrastructure programmes — including a national initiative to build approximately one million housing units across Iraq’s 15 governorates — are driving sustained demand from both local and international buyers.
Baghdad, in particular, is experiencing renewed interest and long-term development activity. The construction sector is projected to grow at an average annual rate of 4.9% from 2025 to 2028, supported by large-scale public investment and international collaboration across critical infrastructure sectors. These indicators point to a stabilising and increasingly investment-ready market — aligning with Chestertons Global’s strategy of entering high-potential territories through trusted local partnerships.
Reflecting on the decision to enter Iraq, Mohamed Mussa, Executive Director at Chestertons Global, stated: “Iraq is a market we’ve been watching closely, and it’s clear that there is both momentum and maturity building within the sector. Our entry is based on strong fundamentals and a belief in the long-term value this market can deliver for our clients.”
The new Baghdad office will offer a full range of property services, including residential and commercial sales and lettings, investment advisory, valuations, and market research. With a locally rooted team already active in the market, the launch creates a foundation for strong brand alignment, enhanced service standards, and sustainable long-term growth.
Parikshat Chawla, Director and Head of Global Operations at Chestertons Global, added, “This step strengthens what’s already working locally by adding the tools, systems, and international network of a global brand. It’s a collaborative approach aimed at unlocking even more potential in an increasingly dynamic market.”
Iraq becomes the latest addition to Chestertons Global’s international network, which now spans over 100 offices across 21 countries. The Baghdad launch marks a significant step forward in the firm’s presence across the Middle East and its ability to support clients in one of the region’s most promising real estate landscapes.
