Posted on 05/16/2007 12:18:22 AM PDT by MinorityRepublican
ERBIL, Iraq -- Grand ambitions and piles of foreign money are quickly transforming this once-neglected part of northern Iraq into a budding hot spot for big houses and swanky hotels -- despite the threat of violence.
Exclusive real estate is part of a build-it-and-they-will-come strategy by the autonomous Kurdish government that governs this region.
In the closely guarded English Village -- a tony housing complex here in the Kurdish capital that will have a school, supermarket and recreation center -- all 410 units, ranging in price from $130,000 to $160,000, have sold. And the date set for buyers to move in is still a year away.
Abdulrahim Ali-Adib, a manager at Lebanese contracting firm Arabian Construction Co., says the first $5 million house in the region sold in recent weeks in Erbil, the biggest of the three Kurdish provinces that collectively have about five million people. Mr. Adib is overseeing a development dubbed Dream City in Erbil that will have 1,200 units with as many as 11 bedrooms, pools and gourmet kitchens. Prices on some units top $700,000. Shopping malls and office complexes also are popping up.
(Excerpt) Read more at online.wsj.com ...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
To me, it appears that not all Muslims are terrorists but all Arab Muslims are the ones blowing themselves up.
Sounds like Loudon County East. How soon before the first Kurdish homeowner complains about his neighbor’s onion-domed McMansion?
Please let us know when linking to these type articles are posted.Thanks...:)
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