Syria launches plan to construct or refurbish two million homes by 2035

Syria’s assistant minister of public works and housing, Imad Al-Masri, said the country will tackle its housing deficit by building or rehabilitating two million units by 2035, financed through government spending, private capital, partnerships and foreign investors. Land will be supplied by the General Housing Establishment, with private developers handling construction and infrastructure. The shortage, estimated at 1.9 million homes in 2025, may expand to 2.5 million by 2030 without increased supply.

Projects are slated for the Damascus countryside and major cities such as Homs, Hama, Latakia, Tartous, Aleppo and Deir Ezzor. UAE developer Arada unveiled a $7 billion, ten-year mixed-use scheme in western Damascus that will include 11,000 residences, hotels, schools and a hospital. Mohamed Alabbar of Emaar is considering investments up to $18 billion for coastal developments and projects around Damascus.