Mazzeh district (32)


Damascus Cham Holding is establishing a new joint venture with private investors to develop several properties in Marota City, the controversial large real estate project in the Syrian capital.


The Syrian regime is planning to extend to all of Syria a law that enables the displacement of populations from informal housing areas under the pretext of building modern real estate development projects.


Updated on February 02, 2018 (see bottom for details on updates): A new Syrian investor has signed an agreement to invest in the Basatin Al-Razi real estate area near Damascus.


A Syrian businessman, little heard of until recently, has signed two contracts worth hundreds of millions of dollars to participate in the development of the controversial Basatin Al-Razi project.


Despite its large portfolio of non-performing loans, the Commercial Bank of Syria has disbursed a significant amount of money to help fund infrastructure work in the controversial Basatin Al-Razi development.


A government media has admitted that residents of the controversial Basatin Al-Razi area that were expelled have not been offered any alternative accommodation despite a legal obligation and formal commitments by officials to do so.


One of Syria’s most powerful cronies has taken a key business interest in the most lucrative real estate developments in the Syrian capital.


An official from the Damascus Governorate has said that dozens of companies are interested in contributing to the Mazzeh District development, although the funding for the project is still not guaranteed.


The Syrian government is reportedly planning to impose across the country a law that effectively dispossessed many Damascus residents of their properties.


Only weeks after it took back control of the Damascus suburb of Darayya, the government is already planning to implement there a large real estate development project.


The Damascus governorate is set to launch a new holding company to develop real estate projects in the capital.


The Syrian Government is disbursing a large loan to help kick-off a controversial real estate development in Damascus after lacklustre interest from potential buyers.


A fire that devastated dozens of shops in the Old City of Damascus has raised suspicions of a regime implication.


On Thursday 17 March, Syrian President Bashar Al-Assad laid the foundation stone of a controversial real estate project in the Mazzeh district of Damascus.


The launch of a new phase in the development of the Mazzeh district is raising new fears in the Syrian capital that the regime is intent on imposing demographic change to Damascus, including by granting citizenship to Christian Palestinians living in the country.


The municipality of Homs has approved the master plan for the reconstruction of the Baba Amro neighbourhood, a symbolic centre of Syria’s uprising until it was crushed by regime forces in 2012.


The Syrian government is accelerating the destruction and expropriation of two large districts of Damascus known for their support of the opposition and expelling the inhabitants still living there.


A Syrian state media has reported that the Ministry of Tourism has awarded a license for the construction of a small 4-star hotel located in the Mazzeh district of Damascus.


The Real Estate Bank, a state-owned institution, is expected to provide all the funding for the infrastructure works in a controversial real estate project in Damascus.


The Damascus Governorate is establishing a holding company to redevelop two informal areas located on the outskirts of the Syrian capital that were largely supportive of the uprising.


Banque Bemo Saudi Fransi has announced that an armoured car transporting cash from one of its branches had been attacked.


The Damascus Governorate has announced that it was moving ahead with plans to rebuild two large informal areas in the suburbs of Damascus, a symbolic decision that sheds light on a controversial decree.


The death of four high ranking Syrian security officials and the increasingly daring assaults by the rebellion have brought the conflict to the heart of Damascus for the first time since the beginning of the popular uprising last year.


Rotan Hotels has decided to put on hold three hotel management projects in Syria, according to press reports.


Renaissance Construction, a Russian-Turkish company, has bought a stake of 30 percent in the USD 180 million Taj Halab real estate development in Aleppo.


Bardan & Hafi, two Syrian trading families have won a BOT contact from the General Housing Establishment to build a SYP 2.3 billion tourist resort in the Mazzeh district of Damascus.


Kempinski Hotels will manage three hotels in the city of Damascus between 2008 and 2010, following an agreement with the NESCO Group of Saudi Arabia.


Construction works at the Hijaz Station estate are now expected to start in June after they were initially scheduled to begin in February


A number of Syrian investors have won together the contracts to develop several key real estate and transport projects including the Hijaz Station estate in central Damascus.


The Ministry of Tourism has finalized discussions and formally awarded development and management contracts for five of the projects it had offered during the two investment forums it held in April 2005 and 2006.