Mazzeh district (27)

07-11-2017

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.

17-10-2017

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.

08-08-2017

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

21-03-2017

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.

10-01-2017

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

25-10-2016

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.

11-10-2016

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

06-09-2016

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.

26-04-2016

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

22-03-2016

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.

19-01-2016

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.

07-09-2015

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.

22-06-2015

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.

23-03-2015

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.

16-12-2014

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.

14-07-2014

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.

07-10-2013

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

17-12-2012

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.

23-07-2012

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.

10-04-2012

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

24-01-2011

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.

07-06-2010

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.

29-10-2007

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.

21-05-2007

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

27-11-2006

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.

02-11-2006

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.