Erbil · Baharka Road (near Ankawa) · Hariri / master developer
Baharka Road near Ankawa. Erbil’s headline $50,000 KRG residency-entry benchmark: studios and 1–2BR flats from $50,000 to $95,000 delivering 7.5% – 9.0% published gross USD yields.
Lebanese Village—known locally as Gundi Lubnani—is the single most searched entry project in Erbil for two reasons: price and residency math. Sitting on Baharka Road right beside Ankawa’s dining and expat quarter, its studios and one-bedroom flats trade from $50,000 to $95,000—making it the natural benchmark for foreign buyers targeting the exact $50,000 KRG residency threshold while earning 7.5% – 9.0% gross USD rental yields.
| City | Erbil |
|---|---|
| Corridor / ring road | Baharka Road (near Ankawa) · Airport Road, Ankawa & Baharka Corridor Guide |
| Developer | Hariri / master developer |
| Masterplan size / scale | Delivered and multi-phase residential community on Baharka Road near Ankawa, combining apartment blocks and townhouse sections with neighbourhood retail |
| Property types | Residential Tower |
| Unit types & sizes | Studios, 1–3 BR apartments and townhouses (entry studios and 1BR flats drive the $50k–$95k investment band) |
| Price band (USD) | Studios & 1BR: $50,000 – $95,000Entry bands across current developer and resale stock |
| Estimated monthly rent (USD) | $350 – $750 / mo |
| Gross yield | 7.5% – 9.0% gross |
| Title track | Title track: verify per unitDelivered and multi-phase complex: verify per phase and unit whether title sits on subdivided Tapu or Hariri / developer company contract, and confirm the developer’s residency confirmation letter. |
| Monthly service fee | $45 – $90 / mo |
| Power / Runaki infrastructure | Delivered multi-phase complex; confirm supply per phase |
| $50,000 residency | $50k Residency EligibleSubject to the developer’s confirmation letter and Residency Directorate clearance |
| Reference unit | 1BR apartment · $62,000 · 75m² · $827 / m²KRG Property reference unit used for $ / m² and the calculator preset; indicative, not a quoted price |
| $50k residency rule | Must show a certified contract or deed value of at least $50,000 — never buy at $48,000 – $49,500 if residency is the goal |
Benchmarks compiled November 2026 from developer price lists, partner brokerage listings and resale transactions. Methodology
While Lebanese Village includes larger two- and three-bedroom apartments and townhouses trading above $95,000, the project’s liquidity engine is its compact studio and one-bedroom stock priced between $50,000 and $95,000. Near Ankawa’s offices, restaurants and schools, those units rent reliably at $350 to $750 a month.
| Unit tier | Indicative size | Price band (USD) | Monthly rent band (USD) |
|---|---|---|---|
| Entry Studio ($50k residency tier) | 50m² – 65m² | $50,000 – $62,000 | $350 – $440 |
| 1-Bedroom Apartment (ref. tier) | 68m² – 85m² | $60,000 – $82,000 | $420 – $560 |
| Large 1BR / Compact 2BR | 88m² – 115m² | $80,000 – $95,000 | $550 – $750 |
| Larger 2–3BR & Townhouses | 125m²+ | Above $95,000 | $600 – $750 |
Our one-bedroom reference flat (75m² at $62,000) prices at $827 / m²—about 26% below Erbil’s apartment reference average ($1,112 / m²). Compared with Lalav City ($713 / m² on the 150m outer ring) and Wavey Avenue ($1,042 / m²), Lebanese Village gives buyers close-in Ankawa/Baharka proximity at entry-level tickets.
| Line | $50k Residency Studio (58 m²) | Reference 1BR (75 m²) |
|---|---|---|
| Purchase price | $50,000 | $62,000 |
| Developer name-change fee (benchmark) | $1,500 | $1,500 |
| Buyer brokerage (1.5%) | $750 | $930 |
| Independent legal, title & NOC checks | $750 | $750 |
| All-in acquisition cost | $53,000 | $65,180 |
| Modelled monthly rent | $360 | $450 |
| Gross yield on purchase price | 8.6% | 8.7% |
| Annual service fee + 5% vacancy | $816 | $1,050 |
| Net yield on all-in cost (pre-tax) | 6.6% | 6.7% |
| KRG $50,000 residency threshold | Met (at floor) | Met (clean margin) |
Notice one important nuance in small-ticket math: fixed transaction fees ($1,500 developer name-change + $750 legal verification) represent roughly 5%–6% of a $50,000 purchase versus under 2% of a $150,000 apartment. Even after those fixed closing costs and $65/month service fees, the $62,000 one-bedroom reference flat yields 8.7% gross and 6.7% net—and if you compare that residency ticket against Dubai (AED 750k / ~$204k) or Turkey ($200k) in our regional comparison, Erbil’s capital efficiency stands out sharply.
Monthly compound service charges sit at $45 to $90 ($540 – $1,080 annually)—tied with Lalav City as the leanest service-fee band in Erbil. Because Lebanese Village spans delivered and newer multi-phase blocks, inspect the exact building’s electricity arrangement before closing: confirm whether the block runs on metered Runaki 24-hour grid supply or carries separate compound generator bills.
For foreign buyers using Lebanese Village for KRG residency, paperwork precision matters more than speed:
Verify per block whether the unit holds an individual Tapu or transfers via Hariri / developer company contract (Tapu vs. contract guide), and ensure the development’s KBI licence allows foreign ownership under Law No. 4 of 2006.
Ask upfront whether the management office issues the required confirmation letter for the KRG Residency Directorate upon transfer, alongside your certified contract/deed.
Residency approval requires security clearance and an in-country medical/blood test upon arrival in Erbil, while every resale requires a clean Compound NOC. Diaspora buyers signing remotely also need an exact-unit Embassy Special POA.
Sitting on Baharka Road right next to Ankawa places Lebanese Village minutes from international dining, schools, commercial hubs like Erbil Avenue & Avenue Square, and Airport Road. Compare it directly with Lalav City ($55k–$115k on the 150m Ring Road), Wavey Avenue and Cavalli Tower, or read our Airport Road, Ankawa & Baharka corridor guide.
Pre-filled with our $62,000 one-bedroom reference flat ($450/month rent, $65/month service fee). Switch the buyer profile to Foreign National to confirm the $50,000 residency indicator, or test a $50,000 studio.
Pre-filled with the 1br apartment: $62,000, 75 m², secondary resale via developer office contract assignment, $450 rent and $65 service a month. Every figure stays editable.
Calculate Closing Costs & Net Yield for Lebanese VillageYes, provided the unit is residential, the registered contract or Tapu value is strictly $50,000 USD or higher, the developer issues a confirmation letter, and you pass KRG security and medical clearances. Never close at $49,000 if residency is your goal.
It sits on Baharka Road immediately adjacent to Ankawa in Erbil, close to Erbil Avenue, international schools and Airport Road.
Published gross yields run from 7.5% to 9.0%. Our $62,000 one-bedroom reference flat at $450/month generates 8.7% gross and roughly 6.7% net after $65/month service fees and 5% vacancy.
Service charges typically run $45 to $90 per month depending on unit size and phase, making it one of Erbil’s lowest-overhead residential complexes.
Yes. Under KRG residency-by-property rules, a qualifying residential investment of $50,000+ can extend renewable residency status to the owner’s spouse and minor children, subject to standard documentation.
Unit sourcing
We check verified $50,000+ studio and 1BR units across Lebanese Village, confirm residency letter eligibility, phase title track and NOC balance in writing, and send a priced shortlist.
Lalav Group · 150m Ring Road
Wavey Development · Modern ring-road corridor
Alcove Co. / master partners · Bahrka Road (near Ankawa)
Shahan Company · Prime urban high-rise zone
Your reference is KRG-0000-0000. Keep it for any follow-up.
