Erbil · Gulan Street (Golden Square) · MRF Group
MRF Group’s 29-storey residential towers on Gulan Street in Erbil’s Golden Square. Walkable central business district address with 7.0% – 8.5% published gross USD yields.
MRF Quattro and Star Towers sit right on Erbil’s prime commercial spine: Gulan Street (40m) in the Golden Square, steps from major corporate offices, banks and Gulan Mall. Rising 29 storeys and priced from $115,000 to $275,000+, MRF Group’s portfolio delivers 7.0% – 8.5% gross yields backed by high occupancy from professionals who prefer walking or a five-minute cab ride to work over outer ring-road commutes.
| City | Erbil |
|---|---|
| Corridor / ring road | Gulan Street (Golden Square) · Gulan Street (40m) & Golden Zone Guide |
| Developer | MRF Group |
| Masterplan size / scale | MRF Group’s 29-storey Gulan Street vertical residential cluster (Quattro Towers and Star Towers) integrated into the Golden Square business district |
| Property types | Residential Tower |
| Unit types & sizes | 1BR, 2BR and 3BR high-rise apartments across 29 residential levels |
| Price band (USD) | Apartments: $115,000 – $275,000+Entry bands across current developer and resale stock |
| Estimated monthly rent (USD) | $650 – $1,400 / mo |
| Gross yield | 7.0% – 8.5% gross |
| Title track | Title track: verify per unitDelivered and phased MRF Group portfolio: verify per specific tower and unit whether transfer happens through MRF Group’s contract office or subdivided Form 25 Tapu. |
| Monthly service fee | $95 – $165 / mo |
| Power / Runaki infrastructure | Delivered towers on 24h supply; confirm per tower |
| $50,000 residency | $50k Residency EligibleSubject to the developer’s confirmation letter and Residency Directorate clearance |
| Reference unit | 2BR apartment · $170,000 · 140m² · $1,214 / m²KRG Property reference unit used for $ / m² and the calculator preset; indicative, not a quoted price |
| Occupancy driver | Walkable proximity to Gulan Street offices, WTC Erbil, consulates and banking headquarters |
Benchmarks compiled November 2026 from developer price lists, partner brokerage listings and resale transactions. Methodology
Across Quattro and Star Towers, MRF Group markets practical one- to three-bedroom layouts. Higher floors facing Sami Abdulrahman Park or the Golden Square skyline command a price and rent premium over lower podium levels, while one- and two-bedroom stacks see the quickest lease-up.
| Unit tier | Indicative size | Price band (USD) | Monthly rent band (USD) |
|---|---|---|---|
| 1-Bedroom | 85m² – 105m² | $115,000 – $145,000 | $650 – $850 |
| 2-Bedroom (ref. tier) | 130m² – 155m² | $155,000 – $205,000 | $900 – $1,150 |
| 3-Bedroom | 175m² – 220m² | $210,000 – $275,000+ | $1,150 – $1,400 |
Published gross yields span 7.0% – 8.5%, making MRF one of the strongest yield-adjusted plays directly inside the Gulan Street Golden Zone—substantially more accessible per unit than Gulan Park & WTC ($235,000 – $1,280,000 residences) just down the road.
At $170,000 for a 140m² two-bedroom reference apartment, MRF works out to $1,214 / m²—just 9% above Erbil’s apartment reference average ($1,112 / m²). Compared with Gulan Park & WTC ($1,879 / m²) and Cavalli Tower ($1,353 / m²), MRF gives buyers a central Gulan address at a mid-tier price per m².
| Line | Secondary contract resale | Direct phased plan (modelled) |
|---|---|---|
| Purchase price | $170,000 | $170,000 |
| Developer name-change fee (benchmark) | $1,500 | $0 |
| Buyer brokerage (1.5% secondary / 0% primary) | $2,550 | $0 |
| Independent legal, title & NOC checks | $750 | $750 |
| All-in acquisition cost | $174,800 | $170,750 |
| Cash needed at signing | $174,800full resale + costs | $43,25025% down + costs |
| Gross yield at $1,000 / month | 7.1% | 7.1% |
| Annual service fee ($130 / mo) + 5% vacancy | $2,160 | $2,160 |
| Net yield on all-in cost (pre-tax) | 5.6% | 5.8% |
On a $1,000 monthly rent, the reference unit achieves 7.1% gross and 5.6% net on secondary resale after $1,560 in annual service fees and 5% vacancy. Note that the direct phased column models our standard 25% down / 15% handover / 36-month assumption; confirm MRF Group’s live schedule on any remaining developer inventory before budgeting.
Service charges sit at $95 to $165 a month ($1,140 – $1,980 annually). In a 29-storey building, mechanical upkeep matters far more than in a low-rise compound: check elevator wait times during peak morning and evening hours, lobby access control and whether delivered towers are already billed on metered Runaki 24-hour grid supply or carry a fixed building generator charge.
Confirm per specific tower (Quattro vs. Star) how chilled water or split/VRV cooling is serviced and whether parking slots are allocated by floor or deeded per unit.
MRF Group’s portfolio includes both delivered blocks and phased releases, so title status is never assumed from the building name alone:
Ask MRF Group’s office whether the specific tower and apartment carry an individual Form 25 Tapu or remain on a developer sales contract under the Master Tapu.
If transferring a company contract, verify the percentage paid against MRF’s resale lock-up rule, agree who pays the office name-change fee, and obtain a clean Compound NOC.
Units from $115,000 up easily qualify foreign nationals for KRG residency. Diaspora buyers signing remotely should execute a unit-specific Iraqi Embassy Special POA naming the exact tower and apartment number.
Located in the heart of the Gulan Street & Golden Zone, MRF Quattro & Star Towers put residents within walking distance of Gulan Park & WTC and a short drive from Empire World and Erbil Boulevard. See how Gulan Street stacks up against Airport Road towers in our head-to-head tower comparison.
Pre-filled with our $170,000 two-bedroom reference flat at $1,000/month rent and $130/month service fees. Switch between Secondary Resale Contract Assignment, Ready Tapu, or Direct Off-Plan to compare upfront cash and net yield.
Pre-filled with the 2br apartment: $170,000, 140 m², secondary resale via developer office contract assignment, $1,000 rent and $130 service a month. Every figure stays editable.
Calculate Closing Costs & Net Yield for MRF Quattro & Star TowersMRF Group’s Quattro and Star Towers are 29-storey residential high-rises on Gulan Street in Erbil’s Golden Square.
Published gross yields run from 7.0% to 8.5%. Our $170,000 two-bedroom reference flat at $1,000/month rent delivers 7.1% gross and roughly 5.8% net after $130/month service fees and 5% vacancy.
Because MRF Group operates both delivered and phased towers, verify per specific tower and unit whether transfer takes place at the Tapu office (Form 25) or through MRF’s administration office (company contract assignment).
Expect $95 to $165 per month depending on floor area, covering 24/7 security, lift maintenance, common areas and building plant. Confirm power metering (Runaki vs. building backup) per tower.
Gulan Park WTC is a luxury mixed-use landmark with apartments starting around $235,000 and higher service fees ($140–$320/mo), whereas MRF Quattro & Star Towers offer a more accessible $115,000 entry point on the same Gulan Street corridor.
Unit sourcing
We compare live units across MRF Quattro and Star Towers, confirm per-tower Tapu or contract status, parking allocation and service-fee balances, and send a full USD shortlist.
Gulan Park / WTC partners · Gulan Street (40m, Golden Zone)
Shahan Company · Prime urban high-rise zone
Empire World / Hewa Group · 100m Road & Airport Road (Golden Zone)
Boulevard Development · Central / 100m–Airport link
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