The Arabic Al-Khaleej newspaper has reported on investments in real estate projects in the country as of the end of September 2005. The paper quoted data on the growth rate in the real estate market during 2005, which came to 37.5%, as published in a report by the Land Registry Office. About 111,000 apartments and building contracts were registered. Real estate purchases valued at $103 million were made by foreign investors, mainly Arabs and from Gulf states. About half of this sum, $58 million, came from Iraqi investors.
