Syria Real Estate Market Brief for July 7, 2026

The Syrian real estate market has seen notable developments in recent weeks. In June 2026, the "Abyat Hills" project was launched in the Qudsaya suburb, aiming to build 2,000 housing units over 300,000 square meters within four years, in collaboration between a private developer and the General Housing Authority. On June 18, 2026, a government committee in Aleppo announced a $1.8 billion plan to repair 60,000 homes and close displacement camps across Syria, supported by a $1.5 billion Saudi pledge, set to begin in late 2026. On the other hand, rental prices in Damascus have risen sharply, with landlords increasingly demanding payment in US dollars and annual increases of up to 50%, pushing some prices above those in Dubai and Riyadh. Additionally, new projects in the energy sector have been launched, such as the joint gas project between the Syrian Petroleum Company and the Saudi firm ADES in Homs province, aiming to develop and operate several gas fields. Regarding foreign investments, Syria and Saudi Arabia signed multi-billion-dollar investment agreements in February 2026 covering energy, telecommunications, aviation, and real estate, aiming to boost the Syrian economy after years of war. For investors, major cities like Damascus, Aleppo, and Latakia offer promising opportunities, especially with the increasing demand for residential and commercial units. In terms of prices, the average cost per square meter in Damascus is $1,485 in the city center and $563 in the outskirts. The "Baytna" platform continues to serve investors and buyers, currently featuring 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. Overall, the Syrian real estate market shows signs of recovery driven by reconstruction projects and foreign investments, with challenges related to rising rental prices and increased housing demand. Investors and buyers are advised to stay updated on local developments and consult with local experts to make informed decisions.