Being a real estate agent might be a lucrative profession in this area.
Malibu Meets Iraq in Erbil Mansions
iStock/Thinkstock(ERBIL, Iraq) -- Imagine marble courtyards, lush palm trees, and exclusive gated communities a drive away from ISIS aggression.
A robust real estate market has made Erbil, the Kurdish capital in northern Iraq, home to the country's wealthy elite and the site of their palatial mansions.
Iraqi and Kurdish millionaires, politicians, oil tycoons and wealthy Iraqi refugees have flocked to Kurdistan, according to Shwan Zulal, managing director of Carduchi Consulting, a firm based in London and Erbil.
"These are people who are getting richer and have all this cash," Zulal said. "In Iraq and Kurdistan, properties are used as banks."
Read On ABC News Radio:
Malibu Meets Iraq in Erbil Mansions - World News - ABC News Radio
Malibu Meets Iraq in Erbil Mansions
A robust real estate market has made Erbil, the Kurdish capital in northern Iraq, home to the country's wealthy elite and the site of their palatial mansions.
Iraqi and Kurdish millionaires, politicians, oil tycoons and wealthy Iraqi refugees have flocked to Kurdistan, according to Shwan Zulal, managing director of Carduchi Consulting, a firm based in London and Erbil.
"These are people who are getting richer and have all this cash," Zulal said. "In Iraq and Kurdistan, properties are used as banks."
Read On ABC News Radio:
Malibu Meets Iraq in Erbil Mansions - World News - ABC News Radio
