Syria Real Estate Market Outlook July 2026
July 23, 2026
On July 16, 2026, a Gulf real estate developer announced plans to invest $20 billion in Damascus and Latakia, including the construction of housing, resorts, and public facilities, with construction expected to begin in the coming months.
In Damascus, property prices in upscale areas such as Malki, Abu Rummaneh, and Mezzeh have risen to over $2,000 per square meter, while mid-income neighborhoods range between $600 and $1,000 per square meter.
The removal of international sanctions on Syria has led to cautious optimism among citizens and businesses, rekindling hopes for the national economy's revival.
Reconstruction projects continue to drive demand for real estate, particularly in Damascus, Aleppo, and the coastal region, as both the government and private investors work to rebuild affected areas.
For investors, it is advisable to focus on areas with active infrastructure investments, collaborate with trusted real estate agents, and rigorously verify property ownership documents before finalizing transactions.