Iran seventh largest shopping mall, Isfahan City Center. The fourth most populous city of Iran, Karaj, has a population of around 1.9 million (2016 census). It is the capital of the province of Alborz, and is situated 20 km west of Tehran, at the foot of the Alborz mountain range. It is a major industrial city in Iran, with large factories producing sugar, textiles, wire, and alcohol. With a population of around 1.7 million (2016 census), Tabriz is the fifth most populous city of Iran, and had been the second most populous until the late 1960s. It was the first capital
Construction industry of Iran housing expenses, and the housing sector contributes around 12 percent of employment to the economy. In terms of investment, the domestic rival markets of real estate market are gold, car and the Iranian bourse. Construction is one of the most important sectors in Iran accounting for 20–50% of the total private investment. One of the prime investment targets of well off Iranians as tangible. In Iran, only government employees pay their fair share of income taxes and no one pays a capital gains tax, which has allowed the rich to "squirrel away" their speculative real estate gains abroad. Prices for