The Future of Real Estate in Syria 2027–2035: How Reconstruction Will Reshape the Market
As the country enters a new phase of reconstruction, Syria’s real estate market is undergoing a profound transformation—one that extends beyond building new housing units to include broader projects aimed at reorganizing cities, developing infrastructure, and stimulating investment to accommodate the millions of residents expected to return in the coming years.
The Syrian real estate market is witnessing growing demand, opening wide opportunities for developers, investors, and the public sector. Housing projects are expected to redraw the urban map, especially around major cities and in areas with strong potential for expansion.
The State of the Real Estate Market (2025–2027)
Estimates indicate that the current housing stock stands at around 4.25 million units, while approximately 1.32 million units have been damaged to varying degrees—some requiring minor repairs, others needing complete reconstruction.
The current housing deficit is estimated at 1.9 million units, and this number may rise to 2.5 million units by 2030 if construction and rehabilitation efforts do not accelerate. This deficit could affect property prices in Damascus and surrounding areas and increase pressure on the rental market, especially in neighborhoods near city centers, universities, and public transportation.
The market is also experiencing strong demand for housing and investment. For example, the Abyat Hills and Sham View projects have seen high subscription rates and rapid registration for residential units.
The optimal solution is to build housing units that match different income levels. The market is divided into several segments: those seeking small units, others seeking mid-sized units, and buyers capable of purchasing luxury properties or investing in modern developments.
Government Plans Through 2035
Government plans aim to build around two million housing units by 2035, reducing Syria’s housing deficit by more than 70%. Achieving this goal relies on four main directions:
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Completing suspended housing projects that already have foundations or plans, as finishing them is faster and more resource-efficient than starting new projects.
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Rehabilitating repairable housing units, which is often less costly and faster than demolishing and rebuilding.
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Reconstructing severely damaged units, along with upgrading water, electricity, sewage, and road networks.
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Increasing new housing units based on each governorate’s needs, as Damascus’ requirements differ from those of Homs, Hama, Latakia, or Deir ez-Zor. This highlights the importance of accurate mapping of population demand, land prices, job opportunities, and infrastructure capacity before selecting new project locations.
Impact of Major Reconstruction Projects on the Market
Understanding future real estate trends requires examining major projects such as New Damascus.
New Damascus Project
Valued at around $7 billion, the project spans 4 million square meters and includes approximately 11,000 housing units, along with a hospital, schools, hotels, and commercial and service facilities. It is expected to create a new urban center capable of attracting residents, businesses, and services, generating new job opportunities, and increasing land values in surrounding areas.
The project applies the concept of the “15-minute city”, enabling residents to access daily needs within minutes—covering healthcare, services, and recreation—without leaving the city.
Abyat Hills and Sham View
Abyat Hills in Qudsaya includes around 2,000 housing units, while Sham View offers more than 8,000 units between Qudsaya and Dummar. These projects reflect the continued expansion of urban development beyond Damascus’ traditional boundaries due to rising prices and limited available land within the city.
Al-Baja’a Project
This project includes around 20,000 housing units across nearly 6 million square meters. Such large-scale developments require efficient transportation networks, educational and healthcare centers, and commercial and recreational spaces to avoid becoming isolated residential zones.
Shift Toward Integrated Urban Communities
Future projects increasingly combine housing with integrated services, allowing residents to access daily needs without long commutes. This includes schools, healthcare centers, markets, offices, green spaces, and social activity areas. Connecting new neighborhoods to road networks and public transportation is essential, as accessibility significantly increases property value and buyer interest.
Geographic Information Systems (GIS) play a key role in identifying expansion areas, reducing informal construction, and improving the accuracy of urban planning decisions.
Impact of Population Return on Rentals
The return of Syrian expatriates will directly increase demand for housing and rentals, especially in governorates with stronger economic and service opportunities. This will boost demand for small and mid-sized units.
Demand will not be limited to the initial return period. Continued population growth through 2035 and gradual economic improvement will sustain high demand for new housing. Investment in rental units may become more widespread than investment aimed at quick resale.
Expansion of Suburbs and Changing Urban Maps
With rising property prices inside cities and the availability of larger, more affordable land on their outskirts, demand for suburban areas is increasing. Urban expansion is expected to accelerate in areas around Rural Damascus such as Yaafour, Al-Sabboura, Al-Hama, Qudsaya Suburb, Jdeidet Al-Shaybani, Babbila, Aqraba, Beit Sahm, Ashrafiyat Sahnaya, Jdeidet Artouz, and Darousha, as well as in Homs, Hama, Latakia, and Deir ez-Zor.
However, the success of these areas depends not only on the number of units built but also on their ability to provide transportation, services, and job opportunities. If residents must commute daily to central Damascus, congestion and pressure on roads will worsen. But if suburbs are developed as integrated communities, they may become semi-independent economic and urban centers with more stable and sustainable property values.
Digital Transformation and Its Role in the Future of Real Estate
Digitizing the real estate registry is one of the most influential factors shaping Syria’s real estate future. It helps protect property rights, reduce disputes, speed up buying and selling processes, and improve investors’ ability to verify legal property status.
Digital platforms can also provide clearer data on prices, areas, permits, and project progress—critical in a market suffering from inconsistent and limited real estate information.
To Learn More
For more insights into real estate trends and pricing, contact Mumtalakat Real Estate for accurate consultations and reliable information to help you make the best decisions.
Frequently Asked Questions (FAQ)
What are the main challenges facing Syria’s real estate market through 2035? A major housing deficit, high construction costs, damage to nearly one-third of the housing stock, and the need to accommodate millions of returning residents.
How will the plan to build two million homes reshape the market? It will reduce the housing deficit by over 70%, increase supply, support population return, and restore balance between supply and demand.
What impact will reconstruction have on property prices? Urban expansion and increased supply may stabilize prices, but high construction costs may keep prices elevated in major cities.
What services and facilities are required in future housing projects? Schools, healthcare centers, markets, offices, green spaces, and social activity areas.
