Syria Real Estate Market Outlook: Recent Developments and Future Prospects
July 28, 2026
On July 16, 2026, a Gulf real estate developer announced a $20 billion investment plan to build housing, resorts, and public facilities in Damascus and Latakia, with construction expected to begin in the coming months.
On July 25, 2026, UN Secretary-General António Guterres visited Syria, marking the first official visit by a UN chief in 17 years, where he met with President Ahmed al-Sharaa, reflecting increased international interest in the country's reconstruction.
On July 24, 2026, Syria signed an agreement with U.S. company ConocoPhillips to develop gas fields, signaling the return of major Western companies to invest in Syria's energy sector.
Damascus has seen a rise in property prices, with prime districts like Mezzeh and Abu Rummaneh exceeding $2,000 per square meter, while mid-income areas range between $600 and $1,000, indicating a recovery in the real estate market.
On July 27, 2026, two tankers carrying nearly 70,000 tons of diesel and liquefied gas arrived at the Baniyas refinery, aiming to stabilize local fuel supplies.
Efforts continue to rebuild infrastructure and institutions, focusing on energy sector development and rehabilitation of essential facilities, contributing to economic stability and attracting foreign investments.
For investors, these developments present promising opportunities, especially in the real estate sectors of Damascus and Latakia. However, it is advisable to conduct thorough feasibility studies and monitor political and economic developments to make informed investment decisions.