Damascus is the capital of Syria and is located on a plateau and is bordered by Anti-Lebanon Mountains in the west and desert in the east. The city is one of the oldest inhabited cities in the world with a population of about 1,711,000 people. This city is also known as the “City of Jasmine” and it occupies a prominent position in the fields of science, culture, politics, art commerce, and industry from the earliest times in Syria. This city is situated in a picturesque setting in the Ghutah oasis and fed by the water of Barada River.

The city is a wonderful blend of scenic spots and historical ruins of tourist attractions. Some of the major tourist destinations in this city are the Umayyad Mosque, Al Azem Palace, Saladin’s Mausoleum, Medhat Pasha Souq, Sayyidah Ruqayya Mosque, House of Saint Ananias, Saldine Shrine and many other places of interest. Due to political development in the region as well as the development of modern trade, Damascus is one of the major industrial and trade center of Syria. The city is a home to a wide range of industrial activities such as Textile, food processing, Cement and various Chemical industries.

The buy real estate Damascus is marked by high property prices because of the limited access to credit – mortgages and there are not enough low- to mid-range housing options for the poor and the middle class. According to a survey, the Arab investors operating in this city’s domestic property projects normally generate substantial returns on investment while posing minimal risks and the real estate sector has seen annual growth of 8.8%. Damascus real estate sector has grown significantly and allowed private and foreign industry participation.

Since the city is in the Middle East and almost all private banks in the country offer housing loans at longer payment periods, lighter collateral requirements and smaller down payments, sell real estate Damascus is proving to be a popular. There is an increase in demands for new construction technologies and building material as the property industry is expected to attain higher growth as the recession slowly subsides.