Syria Real Estate Market Outlook July 2026

Damascus has seen a rise in property prices, with prime districts like Malki, Abu Rummaneh, and Mezzeh exceeding $2,000 per square meter, while mid-income areas range between $600 and $1,000 per square meter. In July 2026, the United Arab Emirates announced plans to invest $20 billion in real estate projects in Damascus and Latakia, including the development of residential units, resorts, offices, schools, and hospitals, with implementation expected to begin within the next two months. Syria also experienced a 111% increase in arrivals during the first half of 2026 compared to the same period last year, reflecting growing interest from expatriates and foreign investors. Additionally, the Syrian government is focusing on rebuilding infrastructure and institutions, with an emphasis on the energy sector, including a deal with Iraq to revive the Kirkuk-Baniyas pipeline. Given these developments, buyers and investors are advised to exercise patience and discipline, focusing on areas with active infrastructure investments and rigorously verifying documentation before finalizing transactions.