Syria Real Estate Market Brief for July 10, 2026

On July 7, 2026, Damascus experienced two explosions near the Four Seasons Hotel during French President Emmanuel Macron's visit, injuring 18 people. This incident highlights the ongoing security challenges facing the country. In reconstruction efforts, the Syrian Petroleum Company launched a project with Saudi firm ADES to develop and operate several gas fields in Homs province, reflecting increased Gulf interest in Syria's energy sector. Regarding property prices, the cost per square meter in Damascus varies based on location and amenities. Neighborhoods closer to the city center command higher prices, indicating increased demand for properties in these areas. For investors, opportunities are concentrated in major cities like Damascus, Aleppo, and Latakia, where demand for residential and commercial units continues to rise. These cities remain attractive to both local and foreign investors, contributing to the growth of the real estate market. Environmentally, the Civil Defense teams have responded to 10,791 fires across Syria since the beginning of 2026, with an increase in agricultural fires due to higher temperatures and the harvest season. Finally, on July 8, 2026, President Macron returned 23 artifacts to Syria during his historic visit, reflecting France's commitment to supporting the country's stability and reconstruction.