Syria Real Estate Market Brief for July 12, 2026

The Syrian real estate market has shown a notable recovery in recent months, driven by reconstruction projects in Damascus, Aleppo, and Latakia. Data from Baytna indicates 12 active listings, including 10 for sale with an average price of $135,900, and 1 for rent at an average of $200 per month. These properties are primarily located in major cities such as Damascus, Aleppo, and Latakia. On July 8, 2026, French President Emmanuel Macron visited Damascus, expressing support for Syria's reconstruction and stabilization efforts. He announced cooperation agreements in health, aviation, finance, and infrastructure, with French companies showing interest in investing in Syria. Additionally, the Syrian government launched the "Abyat Hills" project in the Qudsaya suburb, aiming to build 2,000 housing units over 300,000 square meters within four years. This initiative is part of broader reconstruction efforts, combining residential, commercial, and service facilities in a single gated community. On the security front, Damascus experienced two explosions on July 7, 2026, during Macron's visit, injuring 18 people. This incident highlights the ongoing threats to the country's stability. Furthermore, Emaar Properties founder Mohamed Alabbar plans to invest up to $18 billion in Syria, focusing on the tourism sector and the rehabilitation of historic areas. Overall, the Syrian real estate market shows signs of recovery, driven by both local and foreign investments. However, ongoing security and economic challenges remain, necessitating caution and careful planning for investors and buyers.