Syria Real Estate Market Outlook July 2026
July 20, 2026
In Damascus, property prices in upscale neighborhoods like Mezzeh and Abu Rummaneh have surpassed $2,000 per square meter, reflecting a 15-25% recovery from 2024 lows.
Despite this rise, the number of real estate transactions remains limited, as sellers prefer to hold onto post-reconstruction expectations, leading to a disparity between prices and actual demand.
In coastal areas, foreign investments continue to bolster the real estate market. Emirati company Eagle Hills has announced plans for massive urban projects in Damascus and Tartus, valued at over $50 billion, indicating increased interest from foreign investors.
Additionally, the Syrian government has launched the "Abyat Hills" project in the Qudsaya suburb, aiming to build 2,000 housing units over 300,000 square meters, with commercial and service facilities, reflecting a commitment to reconstruction and housing needs.
However, challenges persist, with some areas facing a shortage of supply and rising construction costs, making homeownership out of reach for many.
For investors, it is advisable to focus on areas with active infrastructure investments, collaborate with trusted local agents, and rigorously verify legal documents before completing transactions.