FAQ

Common Quetions

Modon is one of the most prominent and successful companies in modern real estate development in Iraq and operates under the umbrella of Al Handal International Group.
Yes, Modon Real Estate Development sells housing units to both residents and local investors and owns a variety of residential complexes and towers in several destinations in Iraq, including
  • My City project provides residential villas in Kirkuk Governorate.
  • A home project that provides residential villas in Salah El-Din Governorate.
  • Buruj residential project provides apartments in Baghdad Governorate
  • La Vida residential project provides apartments in Baghdad.
  • The Future City project provides villas and apartments in the province of Baghdad.
Modon Real Estate Development Company is owned by Al-Handal International Group, the international investment group.
Yes, the laws in Iraq allow residents and local investors to buy real estate in the freehold market in Iraq. Contact Modon Real Estate Development Sales Center to start your real estate investment journey in Iraq.
No person of any nationality, whether residing in Iraq or abroad, can buy real estate in Iraq and it is not required to obtain any type of residence permit or another similar permit to purchase real estate in Iraq
The process of buying a property includes following basic legal steps in Iraq First, prepare the buyer and seller agreement When you find an appropriate unit, you should consult with a real estate agent. Who will help you communicate, negotiate and determine the terms of sale with the owner. Second: Signing an agreement for sale (sales contract) When all the details are completed, it is time to sign the Sale Agreement. It is customary in Iraq for the buyer to pay 10% of the property value to the seller
It takes at least one month to complete the real estate transaction in Iraq. The transaction starts by opening the statement to the competent real estate registration department followed by sending the transaction from the real estate registration department to the secretariat department to pay the fees and violations if any. Then, it is returned to the real estate registration department and after that, It is sent to the tax department within the local jurisdiction to conduct tax accounting on the buyer to pay the property and land tax. And finally, the transaction is returned to the real estate registration department to decide and register the property in the name of the buyer.
It takes at least one month to complete the real estate transaction in Iraq. The transaction starts by opening the statement to the competent real estate registration department followed by sending the transaction from the real estate registration department to the secretariat department to pay the fees and violations if any. Then, it is returned to the real estate registration department and after that, It is sent to the tax department within the local jurisdiction to conduct tax accounting on the buyer to pay the property and land tax. And finally, the transaction is returned to the real estate registration department to decide and register the property in the name of the buyer.
There are fees for dismantling and transferring the property in the name of the new buyer and it consists of registration fees + taxes + fines for violations to the municipality, sewage, water, and electricity departments
The customer must apply for a real estate loan through one of the banks in the State of Iraq, and the company offers a special offer to customers, a loan of one hundred million dinars without interest and commissions The following documents are required from Iraq residents of the State of Iraq to get approval for a mortgage loan
  • Passport Copy
  • Iraqi ID copy
  • Residence card copy
  • The Sales contract
Real estate in Iraq is not subject to value-added tax, but is subject to real estate rental tax and real estate sale tax upon sale
Non-Iraqis cannot own property in Iraq. As for obtaining a residential visa, it is determined by the Department of Residence
The Buruj residential project is a multi-destination and is located on the main street of Baghdad Airport near Abbas Bin Firnas Square. The Buruj residential project, which is being developed by Modon Real Estate Development Company, is a distinct residential, commercial and recreational destination

The projects of Modon Company in Baghdad, which are the Buruj project, the La Vida project, and the Future City projects are three pioneering projects that contribute to changing how Baghdad is perceived.

The projects are ideal for young professionals who want to live in the heart of Baghdad’s business district and stay close to its mall, Downtown Baghdad, where it offers direct access to major highways
You need to get the approval of the Ministry of Commerce, the Companies Registrar Department, and to establish a company with a commercial name specialized in brokerage (limited or limited liability). after getting all security and technical approvals you can start your real estate brokerage business in Iraq
Contact one of our sales representatives who will be more than happy to assist you throughout the whole process.

For more information, please call 00964770030004 or 00964770030005 or contact Mudon real estate development sales centers (Baghdad Sales Center, Kirkuk Sales Center, Tikrit Sales Center)
There are many ways to start looking for real estate in Baghdad. For more information about Baghdad Real Estate projects, please call 00964770030004 or 00964770030005 or contact Modon Real Estate Development sales centers
The real estate market in Baghdad has a wide range of luxury residences to choose from, and the luxury real estate sector has grown considerably in the governorate in recent years. Modon real estate development has several luxury housing projects, including (the Borouj housing project, La Vida project, Future City project),
Buruj is a family-friendly luxurious residential complex with superb quality apartments. It is still under construction. The first phase will be handed over by Q3-2023.

The complex has different services and amenities such as schools, nurseries, kids’ play areas, a five-star hotel, shops, and restaurants. In addition, The complex has a large park- Boulevard Buruj.

The Borouge complex is located on the main street of Baghdad International airport.
If you are unable to complete the payment of the property, the developer has the right to send two warning letters within three months in-between. after which the housing unit will be confiscated
No
We will inform all the investors of all the updates. You can e-mail us at info@Modoniq.com for more information
You can update your address by sending us an e-mail, Please visit the sales center in Al-Mamoun area
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