The Syrian Investment Authority has listed an investment opportunity on its investment map for the development of the North Ashrafieh and Sheikh Maqsoud district project in Aleppo, under the real estate development sector.

Opportunity Overview

The project spans an area of 315 hectares and includes, according to the source, 18,900 housing units distributed across varied residential blocks. These include youth and savings housing, plots designated for housing associations, plots for owners of expropriated land, and investment plots belonging to the state institution.

Implementation Phases

According to the source, the first and second phases of the project have been completed and delivered to subscribers. The third phase includes 2,400 housing units with completion rates ranging between 30 and 95 percent, which have sustained damage and require restoration and rehabilitation. This phase also contains a number of unexecuted plots, along with infrastructure that has been designed but not yet built.

Building Models

• Model A: 20 apartments across two entrances, each with a ground floor, four residential floors and a basement, apartment area of 90 square meters.
• Model B: 20 apartments with the same layout, apartment area of 88 square meters.
• Model C: 30 apartments across two entrances with varying sizes.
• Model D (savings housing): 20 apartments through a single entrance with varying sizes.
• Towers of 14 floors (13 residential floors and a ground column floor), with 82 towers allocated to housing associations.
• Towers of 20 floors and towers of 25 floors.

Accompanying Facilities

The project also includes, per the source, a new branch of the institution, a hotel, investment zones, entertainment and cultural centers, private and public commercial activities, administrative and religious centers, health centers, private and public hospitals, private and public schools and kindergartens, and gardens.