The Homs Awqaf Directorate has announced a second public auction for the investment of the first, second and third technical floors of waqf property No. 3941 in the First Real Estate Zone of Homs (Souq al-Naoura). The offering follows Central Awqaf Council Decision No. 1008 dated 18 August 2026.

Auction Subject

The investment will be awarded against an initial annual investment fee that serves as the auction's starting point, for a period of 15 years from the date of the commencement order. The offering is based on the special conditions booklet (technical, legal and financial) prepared by the Homs Awqaf Directorate.

Property and Fee Details

• Property number: 3941, First Real Estate Zone of Homs.
• Location: Souq al-Naoura.
• Area: 345 m2 per floor.
• Annual investment fee (auction starting point): USD 35,000.
• Investment period: 15 years from the commencement order.

The notice states that the floors require restoration, finishing and rehabilitation, and that this work is the investor's responsibility.

Deposits and Fees

• Initial deposit: USD 3,000.
• Final deposit: 10% of the awarded annual fee.
• Bid validity: 60 days.
• The investor bears the auction fee.
• The winning bidder bears the advertising costs and charges.
• The conditions booklet costs USD 100, plus a participation stamp of SYP 1,000 and the other required stamps.

Legal Basis

The auction is conducted under the contracts system issued by Law No. 51 of 2004, the general conditions booklet issued by Decree No. 450 of 2004, and the provisions of Law No. 31 of 2018 governing the work of the Ministry of Awqaf.

The auction session will be held at the Homs Awqaf Directorate headquarters on Monday, 14 December 2026, at 12:00 noon.