Episode 24-Bricks and Bytes: Iraq's Real Estate Tech Boom

Real estate is becoming a major sector in Iraq's economy. According to Statista, a Germany-based market research and data company, it's the fourth largest among Arab countries and is expected to grow at a healthy rate of 6% over the next few years.

 In our 24th episode, we spoke to Mahdi Zewin, founder and managing director of Bayt Al Iraqi (BaytIraqi), a new Iraq-based proptech company. 

In this episode, we spoke about several topics including:

• Why investors should consider investing in Iraq
• The opportunities and challenges in Iraq's real estate sector
• Iraq's emerging tech ecosystem

You can email your comments, feedback or suggestions to us: hassan@majlisandmarkets.com

Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

Chapters

• 0:58 Monologue intro
• 1:40 Beginning of discussion
• 2:22 Mahdi's early life
• 5:13 Relocating to Iraq
• 8:41 Why invest in Iraq?
• 12:11 Setting up BaytIraqi
• 18:15 Property buying process
• 21:11 BaytIraqi and social media
• 25:45 Covering rental properties
• 26:54 Opportunities in Iraqi real estate
• 33:00 Gulf and foreign interest in Iraq
• 36:21 Real estate as an asset class
• 37:19 Challenges of doing business in Iraq
• 41:02 Lack of legal infrastructure
• 43:36 Disrupting real estate market
• 45:13 Banking sector
• 47:24 Financing options for buyers
• 50:40 Currency issues
• 54:14 Developing tourism sector
• 58:25 Supportive tech ecosystem
• 1:02:51 Upcoming projects
• 1:05:44 Contacting Mahdi