Erbil · Prime urban high-rise zone · Shahan Company
Shahan Company’s branded high-rise in Erbil’s prime urban zone. Compact studios to three-bedroom flats starting from $78,000, built around furnished corporate and expat leasing.
Cavalli Tower occupies a distinct niche in Erbil’s apartment market: modern, branded high-rise living marketed by Shahan Company with smaller, easily furnished floorplates from $78,000 up to $220,000+. Its appeal to investors is straightforward—lower entry tickets than Gulan Street landmarks combined with strong demand from solo expats and consultants who pay a premium for furnished turnkey flats.
| City | Erbil |
|---|---|
| Corridor / ring road | Prime urban high-rise zone · Gulan Street (40m) & Golden Zone Guide |
| Developer | Shahan Company |
| Masterplan size / scale | Branded urban residential tower by Shahan Company with concierge-style lobby, modern lifts and tower plant infrastructure |
| Property types | Residential Tower |
| Unit types & sizes | Studio, 1BR, 2BR and 3BR branded luxury flats; high ratio of 1BR and studio units tailored to single-occupant leases |
| Price band (USD) | Branded flats: $78,000 – $220,000+Entry bands across current developer and resale stock |
| Estimated monthly rent (USD) | $550 – $1,250 / moStrong furnished expat yield |
| Gross yield | 6.8% – 8.5% grossEstimated: rent band ÷ price band |
| Title track | Developer ContractModern handover trading predominantly via Shahan Company developer contract assignments (Grêbestî Kompanya). Confirm exact handover and subdivision status for the floor in question. |
| Monthly service fee | $85 – $150 / mo |
| Power / Runaki infrastructure | Modern tower plant; confirm generator share inside the service charge |
| $50,000 residency | $50k Residency EligibleSubject to the developer’s confirmation letter and Residency Directorate clearance |
| Reference unit | 1BR furnished flat · $115,000 · 85m² · $1,353 / m²KRG Property reference unit used for $ / m² and the calculator preset; indicative, not a quoted price |
| Leasing angle | Strong furnished short- and annual-lease velocity among expat professionals and corporate contractors |
Benchmarks compiled November 2026 from developer price lists, partner brokerage listings and resale transactions. Methodology
Unlike legacy Erbil complexes built around 200 m²+ family apartments, Cavalli Tower leans toward sharper urban footprints. That keeps the entry price at $78,000 for studios and around $115,000 for a one-bedroom flat—allowing investors to furnish a unit for $6,000 – $10,000 and capture expat leases that rival larger, older unfurnished apartments.
| Unit type | Indicative size | Entry price band (USD) | Monthly rent band (USD) |
|---|---|---|---|
| Studio | 52m² – 68m² | $78,000 – $96,000 | $550 – $680 |
| 1-Bedroom (ref. tier) | 78m² – 98m² | $100,000 – $135,000 | $720 – $880 |
| 2-Bedroom | 115m² – 145m² | $140,000 – $180,000 | $880 – $1,080 |
| 3-Bedroom | 160m² – 195m² | $180,000 – $220,000+ | $1,050 – $1,250 |
Estimated gross yields derived from the entry price and rent bands span 6.8% – 8.5%. Smaller furnished flats sit near the top of that band, while three-bedroom units trade closer to 6.8% gross unless upgraded to executive corporate specifications.
Our reference unit is a furnished one-bedroom flat of 85m² at $115,000, which translates to $1,353 / m²—about 22% above our Erbil apartment reference average of $1,112 / m². On a price-per-m² basis Cavalli Tower sits above Erbil Boulevard ($1,160 / m²) and MRF Quattro & Star Towers ($1,214 / m²), reflecting smaller unit footprints and branded finishing, yet well below Gulan Park & WTC ($1,879 / m²).
| Line | Furnished expat lease | Unfurnished lease |
|---|---|---|
| Purchase price | $115,000 | $115,000 |
| Developer transfer fee + brokerage (1.5%) + legal | $3,975 | $3,975 |
| All-in acquisition cost | $118,975 | $118,975 |
| Estimated monthly gross rent | $800 | $650 |
| Annual gross rent | $9,600 | $7,800 |
| Gross yield on purchase price | 8.3% | 6.8% |
| Annual service fee ($115 / mo) + 5% vacancy | $1,860 | $1,770 |
| Net yield on all-in cost (pre-tax) | 6.5% | 5.1% |
Note that our calculator models the unit purchase price without adding a separate furniture budget: spending $7,500 on modern furnishings lifts a 1BR from roughly $650 unfurnished to $800 furnished, adding $1,800 a year in gross rent (roughly a 4-year payback on the furniture outlay before wear-and-tear). Read our remote landlord guide for standard security deposits, Asayish tenant registration and management fees.
Monthly service charges run from $85 to $150 ($1,020 – $1,800 annually). For a modern branded tower, the critical question is how backup electricity is billed: confirm in writing whether your monthly service fee already includes fixed generator standby capacity or whether kWh/Ampere consumption is metered and billed on top alongside KRG Runaki grid supply.
Resales in Cavalli Tower typically proceed as a secondary assignment in Shahan Company’s administration office. Before paying a deposit:
Check the seller’s original Shahan contract, verify any remaining installment schedule, and obtain a written Compound NOC showing zero arrears on service charges or utility meters.
As with all developer-contract transfers in Erbil, private administrative fees vary ($500 – $3,500+ or 1% – 2%); agree in writing whether the buyer or seller pays the office fee.
Every Cavalli Tower unit from $78,000 upward exceeds the $50,000 threshold for KRG residency by investment. Overseas diaspora buyers signing via proxy must prepare a unit-specific Iraqi Embassy Special POA.
Cavalli Tower competes directly with Erbil Boulevard, MRF Quattro & Star Towers and Rami Towers for central high-rise investors. Buyers deciding between Gulan-axis liquidity and Airport Road compounds can review our Gulan Street & Golden Zone guide and the Gulan vs. Airport Road towers comparison.
The model loads with our $115,000 one-bedroom reference flat at $800/month furnished rent. Lower the rent input to $650/month to test an unfurnished baseline, or switch to a Diaspora or Foreign National profile.
Pre-filled with the 1br furnished flat: $115,000, 85 m², secondary resale via developer office contract assignment, $800 rent and $115 service a month. Every figure stays editable.
Calculate Closing Costs & Net Yield for Cavalli TowerCavalli Tower is developed by Shahan Company, offering studios through three-bedroom branded apartments in Erbil’s central high-rise zone.
Smaller studios and 1BR apartments carry higher kitchen, bathroom and mechanical fit-out costs per square metre than 200 m²+ family flats, while achieving higher monthly rent per m² on furnished corporate leases.
The fee covers 24/7 security, lobby staffing, lift servicing and common-area maintenance. Because generator billing varies by building contract, confirm in writing whether standby generator fees are bundled or billed per Ampere/kWh.
Yes. Licensed high-rise apartments in Erbil are open to non-Iraqi buyers under Investment Law No. 4 of 2006, and all Cavalli Tower units start well above the $50,000 residency minimum.
Modern handover resales predominantly transfer via Shahan Company’s sales office (developer contract assignment). Verify with the administration office whether your specific unit has completed individual Tapu subdivision.
Unit sourcing
We check available furnished and unfurnished resales in Cavalli Tower, verify Shahan Company’s current transfer fee and service-charge clearance, and prepare a side-by-side net yield breakdown.
Boulevard Development · Central / 100m–Airport link
MRF Group · Gulan Street (Golden Square)
Gulan Park / WTC partners · Gulan Street (40m, Golden Zone)
Rami Group · 40m Street / Sami Abdulrahman Park
Your reference is KRG-0000-0000. Keep it for any follow-up.
