Homs Awqaf Directorate has announced the first-round public auction of endowment properties no. 3769 and 3772 in the Fifth Real Estate Zone of Homs (Cairo Street) for investment. The notice is issued under Central Awqaf Council decision no. 1062 dated 31 August 2026.

Auction Scope and Term

The auction covers fit-out, equipping and investment of both properties for 20 years, which includes a 12-month equipping period counted from the start-of-work order.

The process follows the special conditions booklet (technical, legal and financial) prepared by Homs Awqaf Directorate, and the following legal framework:

• The contracts system issued under Law no. 51 of 2004.
• The general conditions booklet issued under Decree no. 450 of 2004.
• The provisions of Law no. 31 of 2018 governing the work of the Ministry of Awqaf.

Property Details

The two properties share the same area and financial terms, as set out in the table in the notice:

• Plot area of each property: 479 sqm, with a floor area of 2,000 sqm.
• Annual investment fee as the auction starting point: USD 6,000 per property.
• Initial deposit: USD 1,000 per property.
• Final deposit: USD 2,000 per property.

Auction Session Schedule

The session takes place at the Homs Awqaf Directorate premises on Wednesday 2 December 2026, as follows:

• Property 3769: 12:00 noon.
• Property 3772: 1:00 pm.

Investor Obligations

The notice states that interior and exterior fit-out and equipping costs are borne by the investor, as is the auction fee. The winning bidder also bears advertising costs and fees. A bidder remains bound by its offer for 60 days.