Bloom Properties to build 40,000 housing units in Iraq

Posted on 28th April 2015

Bloom Properties, the real estate arm of the Abu Dhabi-based National Holding company, is planning to build a new town spanning over a 20 square kilometers area with 40,000 housing units in Iraqi city of Karbala, said a report.


The Shores of Karbala will be home to a population of nearly 200,000 to 250,000 people, reported the Iraq Business News.

The four districts will comprise villas, townhouses, apartments, hotels, business centres, open markets, commercial offices, clinics and dispensaries, schools, mosques, public parks, children's playgrounds, government, social and sports facilities, as well as restaurants, cafes and related infrastructure.

The mixed-use project, which will be funded by an international consortium, is likely to take 10 years for completion, the report added.

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