Inside the Housing Crisis in Damascus
Levant24 · Independent
- Arabic title
- داخل أزمة الإسكان في دمشق
- English title
- Inside the Housing Crisis in Damascus
- Published
- UTC
- Topic
- Reconstruction
- Governorate
- Damascus
From the text
Abyat Hills, a $1.2 billion residential development in Qudsaya, sold out within two days of subscriptions opening on August 5, according to The Syria Report. Yet the speed of sales raises a question: does this represent a housing recovery, or an asset market increasingly accessible to buyers with capital? It is one entry in a much larger wave of development. The New Damascus project, a $7 billion project in Mezzeh, a decade-old redevelopment at Marota City, and even more parallel projects, all launched within a country still absorbing the destruction of 14 years under the Assad regime. This re…source ↗