Syria Real Estate Market Overview for September 2026

In September 2026, the Syrian real estate market continued its recovery, driven by increased foreign investments and rising demand for residential projects. On August 31, the Syrian Sovereign Fund and UAE-based Arada signed a $7 billion agreement for the "New Damascus" project, which will include 11,000 residential units and commercial and recreational facilities over 4 million square meters. Local residential projects also attracted significant interest, with the "Abyat Hills" development in Qudsaya, Rural Damascus, selling out within two days of opening subscriptions in August, reflecting strong demand for new housing units. However, infrastructure challenges persist. For instance, more than half of the country's water infrastructure remains damaged, and daily electricity supply in many areas is limited to two to four hours. In the tourism sector, foreign arrivals increased by 111% in the first half of 2026 compared to the same period in 2025, placing additional pressure on the hospitality sector. The government is actively seeking foreign investments in this area, with 113 tourism projects open to foreign capital. In terms of transitional justice, Syria witnessed a historic trial in August 2026, with former security chief Atef Najib sentenced to death for crimes against humanity. This ruling, along with in absentia death sentences for Bashar al-Assad and his brother Maher, represents a significant step toward justice and reconciliation in the country. For investors, it is crucial to consider factors such as exit strategy and legal protection before purchasing property. These aspects are more complex in the Syrian market compared to others. Finally, an International Monetary Fund report from August 2026 indicated that the Syrian economy is experiencing double-digit growth, driven by improvements in agriculture, hydrocarbon production, and services. However, poverty remains widespread, and growth is uneven across regions.