Real estate & developmentSyria

Integrated Residential Suburb Development — Near Damascus International Airport

An opportunity to participate in developing an integrated residential suburb on a fully privately-owned 282-dunum (28.2-hectare) contiguous parcel near Damascus City and Damascus International Airport. The project is an organized urban community of 169 buildings and 5,408 apartments, with an internal road network, services, amenities, green areas and full infrastructure. It is structured through a Special Purpose Vehicle (SPV) registered under the new Investment Law to capture customs and tax exemptions, with an estimated total cost of ~USD 145–196 million against projected revenue of ~USD 260–324 million over a phased 5–7 year build-out.

🏷️SectorReal estate & development
🌍CountrySyria

Why this opportunity?

The points that set this opportunity apart

Strategic location near the capital Damascus and its international airport, on major road corridors

Fully privately-owned, contiguous 282-dunum (28.2-ha) parcel — a rare asset around Damascus

Integrated suburb: 169 buildings, 5,408 apartments (120 m²) with full infrastructure, amenities and green space

New Investment Law incentives: customs exemption on imported inputs, tax exemptions, and capital/profit repatriation guarantees

Strong economics: ~USD 145–196M estimated total cost against ~USD 260–324M projected revenue

Projected gross profit of USD 64–180M across scenarios (realistic average ~USD 120M)

Phased delivery across four phases over 5–7 years, reducing financing and market-oversupply risk

Additional details

The project develops an integrated residential suburb — not merely a cluster of buildings — as an organized urban community comprising modern residential units of varied sizes, an internal road network with structured parking, green areas and public gardens, essential commercial, educational and healthcare facilities, and comprehensive infrastructure (water, electricity, sewage, telecommunications). The site spans 282 dunum with a 60% build ratio and 40% for roads, services and green areas, totaling 169 eight-floor buildings and 5,408 apartments of 120 m² each (net saleable area ~648,960 m²). A Special Purpose Vehicle (SPV) combining the landowner and the developer is registered under the new Investment Law to capture full customs exemption on imported inputs, tax exemptions, licensing facilitation, and guarantees for profit and capital repatriation. The proposed model grants the landowner a 20–25% share of net saleable area, delivered progressively in line with construction milestones. Execution is phased across four phases over 5–7 years, with no new phase launched before 50–60% of the previous one is sold, targeting Syrian expatriates, real-estate investors, corporate and NGO employees, airport-area workers, and families. Note: figures are preliminary and indicative, based on current market assumptions, and do not replace engineering, legal, regulatory and marketing due diligence; full details and the exact location are disclosed to approved investors per the platform's policy. The owner's identity, the exact location and any sensitive details have been intentionally omitted from this version.

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Important notes

  • The information on this page is preliminary and indicative, and may be updated after studies are completed.
  • This page is not a binding offer or a final invitation to invest; due diligence is required before any decision.
  • Sensitive details, exact locations and party data are disclosed to approved investors after a non-disclosure agreement.

Let's discuss how you can be part of this opportunity

The Baraka Partners team is ready to answer your questions and share details according to your approval and confidentiality level.

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