Erbil · Gulan Street (40m, Golden Zone) · Gulan Park / WTC partners
Gulan Street’s premier vertical mixed-use landmark—pairing luxury Golden Zone apartments and duplexes with Grade-A World Trade Center offices beside Gulan Mall and Radisson.
Gulan Park & World Trade Center (WTC) Erbil sits at the commercial heart of 40m Gulan Street, commanding Erbil’s highest vertical price-per-m² outside off-plan lagoon launches. Delivered residences run from $235,000 to $1,280,000 and Grade-A WTC office floors span $185,000 to $2,700,000, achieving 7.0% to 9.0% gross USD yields from multinational tenants, banks, and senior expats who pay for a walkable Golden Zone address.
Compiled from November 2026 Golden Zone residential and commercial benchmarks. Verify title track (company contract vs. subdivided Tapu) and HVAC/fit-out inclusion per unit.
| City | Erbil |
|---|---|
| Corridor / ring road | Gulan Street (40m, Golden Zone) · Gulan Street (40m) & Golden Zone Guide |
| Developer | Gulan Park / WTC partners |
| Masterplan size / scale | Delivered Golden Zone mixed-use landmark on 40m Gulan Street integrating luxury residential towers, Grade-A WTC office floors, Gulan Mall retail, and adjacent Radisson hospitality |
| Property types | Residential Tower · Mixed-Use / Commercial |
| Unit types & sizes | Luxury apartments and duplexes ($235,000 – $1,280,000) · Grade-A WTC strata offices ($185,000 – $2,700,000) |
| Price band (USD) | Residences: $235,000 – $1,280,000 WTC offices: $185,000 – $2,700,000Entry bands across current developer and resale stock |
| Estimated monthly rent (USD) | Executive residential & corporate office leasing; 7.0% – 9.0% gross yield benchmarkExecutive residential and corporate office leasing |
| Gross yield | 7.0% – 9.0% gross |
| Title track | Title track: verify per unitDelivered mixed-use landmark—verify per unit whether closing occurs via developer office assignment or subdivided Tapu. |
| Monthly service fee | $140 – $320 / mo |
| Power / Runaki infrastructure | Landmark tower plant with 24h supply; service charge includes lobby, lifts and HVAC share |
| $50,000 residency | $50k Residency EligibleSubject to the developer’s confirmation letter and Residency Directorate clearance |
| Reference unit | 2BR residence · $310,000 · 165m² · $1,879 / m²KRG Property reference unit used for $ / m² and the calculator preset; indicative, not a quoted price |
| Residency caveat | Residential apartments above $50,000 qualify for KRG residency; commercial WTC offices do not grant personal residential permits |
Benchmarks compiled November 2026 from developer price lists, partner brokerage listings and resale transactions. Methodology
Gulan Park & WTC separates residential and corporate buyers into two distinct ticket brackets under one address, anchored by Gulan Mall footfall and Radisson business traffic:
| Asset class | Entry band (USD) | Tenant & fit-out realities |
|---|---|---|
| Luxury apartments & duplexes | $235k – $1.28M | Senior expat executives, diplomatic staff, high-income local families; high-floor views command premiums |
| WTC Grade-A offices | $185k – $2.7M | International oil-service firms, consulate annexes, consultancies; verify shell-and-core vs. fitted partitions |
Compared with nearby MRF Quattro & Star Towers ($115k – $275k+) on the same Gulan corridor, Gulan Park sits roughly 35%–50% higher per square metre for integrated mall/hotel amenities and WTC corporate prestige. On the commercial side, it competes with Empire Business Towers ($180k+) and off-plan Erbil Avenue ($120k – $380k+).
Our reference unit is a two-bedroom residence of 165m² at $310,000, equating to $1,879 / m²—69% above the average across our Erbil apartment reference units ($1,112 / m²). Below we model the reference residence on both a company contract assignment and a subdivided Form 25 Tapu transfer:
| Line | Developer contract | Government Tapu |
|---|---|---|
| Purchase price | $310,000 | $310,000 |
| Tapu tax (~3% on 80% assessed) + stamps | $0 | $7,690 |
| Developer name-change fee | $1,500 | $0 |
| Buyer brokerage (1.5% secondary benchmark) | $4,650 | $4,650 |
| Independent legal, title & NOC checks | $750 | $750 |
| All-in acquisition cost | $316,900 | $323,090 |
| Gross annual rent at $2,000 / mo | $24,000 | $24,000 |
| Gross yield on purchase price | 7.7% gross | 7.7% gross |
| Less service ($220 / mo) & 5% vacancy | −$3,840 | −$3,840 |
| Net yield on all-in cost (pre-rental tax) | 6.4% net | 6.2% net |
At $220 per month ($2,640/year), service charges reflect a 24-hour landmark tower plant, concierge lobbies, high-speed lifts, and shared HVAC maintenance. Even after service fees and a 5% vacancy allowance, net yield stays healthy near 6.4% net—rising toward the top of the 7.0%–9.0% gross band on fitted WTC corporate office leases.
Before closing on either a Gulan Park apartment or a WTC strata office, clear four checkpoints in writing:
Ask whether the specific floor or apartment holds subdivided Form 25 Tapu or transfers inside the Gulan Park / WTC partner administration office, and pin down the exact name-change fee.
Confirm what share of central chiller/HVAC and generator power sits inside the $140–$320 monthly service fee versus separate metered consumption.
On WTC office units, glass partitioning, ceiling MEP, and raised floors can represent $200–$400/m² in extra capex. Price shell-and-core inventory accordingly.
Foreign buyers seeking the $50,000 KRG residency permit must purchase a residential apartment or duplex—commercial WTC offices do not qualify as residential property under residency rules.
Direct frontage on 40m Gulan Street places residents and corporate tenants in Erbil’s walkable financial spine:
Explore our Gulan Street & Golden Zone guide, our Commercial Office & Retail guide, and our Gulan Street vs. Airport Road Towers comparison, or compare Cavalli Tower and Empire World.
The calculator opens with our 165 m² reference residence at $310,000. Toggle the 10% statutory rental tax switch if you are modelling formal corporate leases, or test WTC office pricing up to $2.7M.
Pre-filled with the 2br residence: $310,000, 165 m², secondary resale via developer office contract assignment, $2,000 rent and $220 service a month. Every figure stays editable.
Calculate Closing Costs & Net Yield for Gulan Park & WTCResidential apartments and duplexes range from $235,000 to $1,280,000, while Grade-A World Trade Center office units span $185,000 to $2,700,000 depending on floor plate and fit-out.
No. The $50,000 KRG residency route requires a qualifying residential unit in an approved project. Residential apartments at Gulan Park qualify, whereas commercial offices do not.
Published commercial and executive residential yields sit between 7.0% and 9.0% gross USD. After $140–$320 monthly service charges and vacancy allowances, residential net yields typically settle around 6.0%–6.8% before any rental tax.
It is a delivered mixed-use landmark where title track varies by unit and floor. Confirm in writing whether a unit holds subdivided Form 25 Tapu or transfers through the developer/partner office with a Compound NOC.
Gulan Park commands higher prices per m² than MRF Quattro for its mall/Radisson integration and WTC address, and competes directly with Empire Business Towers for Grade-A corporate tenants.
Unit sourcing
We check available Gulan Park residences and Grade-A WTC office floors (both shell-and-core and fitted), confirm exact title tracks, HVAC/service fees, and current corporate lease comps before sending your shortlist.
Empire World / Hewa Group · 100m Road & Airport Road (Golden Zone)
MRF Group · Gulan Street (Golden Square)
Shahan Company · Prime urban high-rise zone
Alcove Co. / master partners · Bahrka Road (near Ankawa)
Your reference is KRG-0000-0000. Keep it for any follow-up.
