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Erbil · Airport / Gulan link · Naz Development Group

Naz City (Zakaria Apartments) Erbil

Naz Development Group’s 14-tower tunnel-formwork complex linking Airport Road and Gulan. Spacious ~225 m² three- and four-bedroom family flats ($145,000 – $230,000) with standout price per m² value and long tenant retention.

$50k Residency Eligible
Calculate closing costs
Family flats (USD)
$145k – $230k
Gross yield (est.)
6.2% – 6.5%
From published rent and price bands
Service fee
$80 – $130 / mo
Reference $ / m²
$778 / m²
3BR family flat

Naz City—also known locally as Zakaria Apartments—solves a problem most modern Erbil towers ignore: real family floor space in a central location without a villa budget. Built with tunnel-formwork concrete construction across 14 established towers near the Airport Road and Gulan link, its ~225m² three- and four-bedroom flats trade between $145,000 and $230,000, working out to just $778 / m² on our reference unit—almost 30% below Erbil’s apartment average.

At a glance

Developer
Naz Development Group
Scale
14 delivered towers
Construction
Tunnel-formwork reinforced concrete
Typical family size
≈ 225m² (3–4 BR)
Entry band
$145,000 – $230,000
Service charge
$80 – $130 / mo

Fact sheet

Naz City (Zakaria Apartments) — structured fact sheet (USD)
CityErbil
Corridor / ring roadAirport / Gulan link · Airport Road, Ankawa & Baharka Corridor Guide
DeveloperNaz Development Group
Masterplan size / scale14-tower established residential complex built by Naz Development Group along the Airport Road / Gulan link with internal grounds and family amenities
Property typesResidential Tower
Unit types & sizesSpacious 3BR and 4BR family apartments (≈ 225m²)
Price band (USD)Family flats: $145,000 – $230,000Entry bands across current developer and resale stock
Estimated monthly rent (USD)$750 – $1,250 / mo
Gross yield6.2% – 6.5% grossEstimated: rent band ÷ price band
Title trackTitle track: verify per unitEstablished delivered towers: confirm per individual apartment whether transfer executes via Form 25 Tapu or Naz Development Group contract office.
Monthly service fee$80 – $130 / mo
Power / Runaki infrastructureTunnel-formwork towers on established supply
$50,000 residency$50k Residency EligibleSubject to the developer’s confirmation letter and Residency Directorate clearance
Reference unit3BR family flat · $175,000 · 225m² · $778 / m²KRG Property reference unit used for $ / m² and the calculator preset; indicative, not a quoted price
Tenant profileLong-term resident families and multi-year corporate/NGO family leases; lower annual turnover than studio towers

Benchmarks compiled November 2026 from developer price lists, partner brokerage listings and resale transactions. Methodology

Large 3–4BR family floorplates and rent bands

Unlike studio- and 1BR-heavy investment blocks such as Erbil Boulevard or Cavalli Tower, Naz City was engineered around full-scale Kurdish and expat family households. At roughly 225m², a three- or four-bedroom apartment delivers living rooms, separate dining space and storage comparable to a mid-sized townhouse, at a fraction of the purchase price.

Naz City indicative 3–4BR family apartment pricing and monthly rents (USD)
Unit configurationIndicative sizePrice band (USD)Monthly rent band (USD)
3-Bedroom family flat (standard / ref. tier)215m² – 225m²$145,000 – $185,000$750 – $1,050
4-Bedroom / renovated & upper-floor stack225m² – 250m²$185,000 – $230,000$1,000 – $1,250

Derived gross yields run between 6.2% – 6.5%. While headline yield percentages look slightly more conservative than compact studio towers, real-world net cashflow benefits from multi-year family stays that cut annual re-letting commissions and void months.

Why $778 / m² makes Naz City a value outlier

Our three-bedroom reference flat (225m² at $175,000) prices at $778 / m²—a remarkable 30% below Erbil’s apartment reference average ($1,112 / m²). Compare that directly with neighbouring Airport Road luxury stock at Park View ($1,258 / m²) or Empire World ($1,047 / m²), or mid-market Sky Towers ($1,036 / m²): buyers get roughly 50% more floor area for a similar ticket.

Naz City reference 3BR (225 m²) — contract transfer versus Government Tapu transfer (USD)
LineDeveloper contract trackGovernment Tapu track
Purchase price$175,000$175,000
Tapu registration (~3% on 80% assessed + stamps)$0$4,450
Developer name-change fee (benchmark)$1,500$0
Buyer brokerage (1.5%)$2,625$2,625
Independent legal, title & NOC checks$750$750
All-in acquisition cost$179,875$182,825
Gross yield at $1,000 / month6.9%6.9%
Annual service fee ($105 / mo) + 5% vacancy$1,860$1,860
Net yield on all-in cost (pre-tax)5.6%5.5%

At $1,000 a month, the reference unit delivers 6.9% gross and 5.6% net on the contract track (5.5% on a Tapu transfer). Because families frequently renew for three to five years, effective realized occupancy often beats the 5% vacancy buffer modelled above.

Tunnel-formwork structure, service fees and power

Naz City’s 14 towers were built using tunnel-formwork construction—monolithic poured concrete walls and slabs known in Erbil for structural rigidity and acoustic separation between flats, though buyers planning interior layout renovations must note that internal concrete shear walls cannot simply be knocked through. Monthly service charges stay reasonable at $80 to $130 ($960 – $1,560 a year) for a 225 m² apartment—roughly $0.45/m²/month, far below luxury towers.

Verify each specific building’s electricity billing (Runaki metered grid vs. compound backup Amperes), lift upkeep and hot-water/HVAC condition inside the flat before signing.

Title checks, NOC and diaspora purchases

As an established 14-tower complex, Naz City transactions require checking the exact unit file:

  1. Confirm Tapu vs. Naz Group contract

    Ask for the unit’s Form 25 Tapu deed or Naz Development Group sales agreement and check our Tapu vs. developer contract guide for transfer cost differences.

  2. Verify Compound NOC & utility clearance

    Ensure all monthly service charges, generator/Runaki accounts and municipal dues are cleared via a written Compound NOC.

  3. Residency & Embassy POA

    At $145,000 to $230,000, all Naz City units easily pass the $50,000 KRG residency floor. Diaspora families buying remotely should execute a unit-specific Embassy Special POA.

Airport / Gulan link and competing complexes

Positioned on the Airport Road & Ankawa corridor with rapid access into Gulan Street, Naz City offers the most space per dollar in its bracket. Families comparing delivered apartments in this belt should weigh Naz City against Park View, Empire World and Sky Towers, and review our Gulan vs. Airport Road towers comparison.

Modern residential towers in Erbil seen from street level
Multi-tower residential districts along Erbil’s Airport Road and central link.Photo: Mohammed Barzinjee / Pexels
Bright apartment living room with marble floor and floor-to-ceiling glass
Typology reference — illustrative image, not a photograph of Naz City.Photo: Zak Chapman / Pexels

Candid buyer analysis

Who should buy Naz City

  • Families and diaspora returnees who need ~225 m² 3–4BR living space near Airport Road without paying $275k+ for a villa.
  • Space-per-dollar investors targeting ~$778 / m² in an established 14-tower community with multi-year tenant retention.
  • Buyers seeking modest $80–$130/month service fees relative to unit floor area.

Who should look elsewhere

  • Investors seeking compact $50k–$95k studios or 8.5%+ short-term expat yields.
  • Buyers planning heavy open-plan wall removals—tunnel-formwork concrete walls are load-bearing.
  • Anyone prioritising brand-new hotel-style tower lobbies over sheer floor area and established community stability.

Closing costs and net yield for Naz City

Pre-filled with our $175,000 three-bedroom reference flat (225 m², $1,000/month rent, $105/month service fee). Switch the pathway to Ready Government Tapu if the specific apartment holds an issued Form 25 deed.

Model this purchase

Pre-filled with the 3br family flat: $175,000, 225 m², secondary resale via developer office contract assignment, $1,000 rent and $105 service a month. Every figure stays editable.

Calculate Closing Costs & Net Yield for Naz City

Compare and go deeper

ComparisonGulan Street Towers vs. Airport Road TowersCorridor guideAirport Road, Ankawa & Baharka Corridor GuideLegal guideGovernment Tapu vs developer contract

Frequently asked questions

How big are apartments in Naz City (Zakaria Apartments)?

Naz City’s 14 towers are famous for spacious 3- and 4-bedroom family apartments measuring approximately 225 m², significantly larger than standard Erbil high-rise layouts.

What does tunnel-formwork construction mean for buyers?

Tunnel-formwork pours reinforced concrete walls and slabs monolithically, giving strong structural integrity and sound insulation, though internal structural walls cannot be freely demolished during renovations.

Why is the price per m² at Naz City lower than Park View or Empire World?

At roughly $778 / m² ($175,000 for 225 m²), Naz City trades on generous older-generation floorplates and established massing rather than boutique luxury lobbies or underground podium amenities.

What are the monthly service fees and rental yields at Naz City?

Monthly service charges run $80 to $130. Based on $145,000–$230,000 prices and $750–$1,250 monthly rents, derived gross yields sit around 6.2%–6.5%, with low tenant turnover helping real-world net cashflow.

Does Naz City qualify for KRG residency?

Yes. Every 3–4BR flat is priced well above the $50,000 statutory threshold for KRG residency by property investment, subject to licensed-project documentation and security clearance.

Unit sourcing

Request Available Resale & Developer Units in Naz City

We inspect available 3–4BR units across Naz City’s 14 towers, confirm Tapu or contract transfer status, NOC balance and interior renovation condition, and send a priced shortlist.

Verify a title first
City context Erbil

Salahaddin Holding · Airport Road (opposite Dream City)

Park View

Entry (USD)
$135k – $320k+
Gross yield est.
6.0% – 7.1%
Service fee
$110 – $185 / mo
Unit types
Luxury apartments
ref. $1,258 / m² $50k Residency
Independent TapuDeveloper Contract
Illustrative typology Erbil

Empire World / Hewa Group · 100m Road & Airport Road (Golden Zone)

Empire World (Empire Square & Empire Royal)

Entry (USD)
$130k – $2.2M+
Gross yield
6.5% – 8.5%
Service fee
$100 – $250 / mo
Unit types
1–4 BR · Royal Villas · Offices
ref. $1,047 / m² $50k Residency
Illustrative typology Erbil

Sky Towers Partnership · Qadi Muhammad Street

Sky Towers

Entry (USD)
$79k – $175k+
Gross yield est.
6.5% – 6.8%
Service fee
$70 – $120 / mo
Unit types
1–3 BR (100–178 m²) · Retail podium
ref. $1,036 / m² $50k Residency
Developer Contract
Illustrative typology Erbil

Boulevard Development · Central / 100m–Airport link

Erbil Boulevard

Entry (USD)
$85k – $240k+
Gross yield
7.2% – 8.8%
Service fee
$90 – $160 / mo
Unit types
Studio – 3BR apartments
ref. $1,160 / m² $50k Residency
Calculate costs

City & corridor guides

Buyer & legal guides