Mortgage Finance (11)


In this 2,700-word factsheet we provide a profile of Damascus Cham Holding, one of the largest Syrian companies that is at the heart of the controversial Marota project.


In this 2,200-word factsheet we provide a profile of Marota City, the most controversial investment project in Syria.


Since it was established in 2016 to develop the Marota City development, Damascus Cham has established various joint ventures with private investors. Here is their list.


Damascus Cham Holding has announced the signing of a new joint-venture with private investors to invest in Marota City as well as having received a license to establish the country’s first mortgage finance company.


Syrian President Bashar Al-Assad enacted this week a law enabling the establishment of mortgage finance and refinance companies, which aims to ease the financing of real estate projects but that caps foreigners' share in these companies at 49 percent.


Akar Development has signed two deals with local banks for the supply of mortgage finance for future home owners in its Cordoba Hills development near Aleppo.


The Syrian President has issued a decree allowing the establishment of financial leasing companies in Syria.



A Presidential decree has established a Mortgage Finance Supervisory Authority (MFSA), a step that should help ease access to finance and increase demand in the real estate sector.

Private Banks held over a third of all private sector deposits at the end of 2007, according to Adib Mayaleh, Governor of the Central Bank of Syria.

The Syrian Government has approved the draft Real Estate Development and Investment Law

The text of the intervention of Abdul Kader Husrieh, Partner at Ernst & Young Syria LLP, during a banking conference held in Damascus between November 3-5