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Home Prices in China’s major cities fell at a slightly faster pace in September from the previous month, highlighting persistent weakness in the nation’s real estate market.

Average home prices across China’s 70 biggest cities declined 0.41% in September, widening from the 0.3% drop in the previous month, according to calculations by The Wall Street Journal based on data released by the National Bureau of Statistics on Monday.

Of the 70 cities, 63 reported month-on-month price declines, up from 57 in August.

On a yearly basis, home prices fell 2.7% in September, compared with a 3.0% drop in August, with 61 cities posting year-over-year declines versus 65 a month earlier.

For the first nine months of the year, average home prices in the 70 major cities were down 4.1% from a year earlier.

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  (END) Dow Jones Newswires

  October 19, 2025 22:04 ET (02:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.

At this year’s GITEX Global, the region’s largest technology exhibition, the spotlight quietly shifted to two pavilions that told a different kind of story. At Expand North Star, the startup-focused arm of GITEX held at Dubai Harbour, Syria made its first-ever appearance, and Palestinian founders drew a surge of investor interest.

The event, which ran for four days and brought together thousands of startups and more than a thousand investors, has become the region’s ultimate deal-making arena, a space where “let’s meet” often turns into “let’s sign.” Amid the bustle of global pitches and product launches, Syria’s debut and Palestine’s growing presence stood out as signals of resilience, recovery, and quiet ambition.

Syria is back on centre stage

Conversations were lively inside the Syrian pavilion. Entrepreneurs who had spent years abroad were meeting international investors face to face, many for the first time. The pavilion was hosted by SYNC, a California-based, volunteer-led non-profit founded by members of the Syrian tech diaspora to help rebuild the country’s innovation ecosystem.

“Our goal is to mobilise Syrian tech talent in the diaspora and connect them with opportunities back home,” said Firas Khalifeh, SYNC’s co-founder, speaking to Wamda. “We want to create 25,000 tech jobs in Syria within five years and start reversing the brain drain that has hollowed out our workforce.”

Two Syrian founders—Rahaf Aldruby and Seem Alkabbani—offered a glimpse of that ambition when their edtech startup TarKeys won an $8,000 grant from TiE Dubai after pitching at Expand North Star. Their success symbolised a new chapter for Syrian entrepreneurship: talent that had survived years of turmoil now competing on the global stage.

A country rebuilding from zero

Following the fall of Bashar al-Assad’s regime in December 2024, Syria has entered an uncertain but potentially transformative phase. Almost every sector—infrastructure, finance, education, and healthcare— requires rebuilding. With roughly 40 percent of sanctions lifted and the rest expected to ease by year’s end, the government and private sector see a window to re-enter global markets.

“It’s a big risk, I know, for investors to deploy their funds in Syria,” Khalifeh said. “But first movers will benefit from the potential of a hungry market like ours. The time is now to use this opportunity.”

At GITEX, Syria’s Minister of Communications and Information Technology, Abdulsalam Haykal, met with entrepreneurs and outlined a plan to restore digital infrastructure. “Connectivity and electricity come first,” he said, emphasising that his ministry is working with the Ministry of Finance on new legislation to govern venture capital activity and launch incubators and accelerators for early-stage startups. His presence was more than symbolic; it underscored that Syria’s tech revival now has political backing.

Why Syria’s comeback matters to MENA

When Syria was cut off from the region’s tech revolution a decade ago, the MENA ecosystem lost scale, talent, and balance.

Before the war, Syrian universities produced a steady stream of engineers, developers, and designers. Many ended up in GCC economies or Europe, and when the conflict began, the flow became one-way. The region lost a mid-cost, high-skilled labour corridor that could have bridged the gap between North Africa’s affordability and the Gulf’s capital intensity.

Syria’s exit also fractured digital supply chains across the Levant. Companies were forced to reroute their logistics and connectivity around the missing link between Iraq, Jordan, Lebanon, and Turkey. A domestic market of 22 million consumers, once a potential testing ground for fintech and e-commerce, effectively vanished. And while Syrian professionals thrived abroad, their experience rarely flowed back into the regional pipeline.

Now, with sanctions easing and the economy reopening, MENA stands to regain that lost piece. Syria’s reintegration could create a new reservoir of affordable, skilled talent, particularly in software, AI, and remote engineering, fields that Gulf and Levant firms struggle to fill.

Its electronics base and low operating costs could make it a new node for light manufacturing and deep-tech assembly—what Khalifeh calls “China of the Levant”. Projects like SilkLink, a proposed high-speed internet corridor linking Asia to Europe through Syria, could strengthen regional connectivity and reduce data costs.

For investors, Syria’s re-entry expands the region’s consumer and entrepreneurial map, adding a digitally literate market with strong remittance inflows and diaspora purchasing power. Jordanian, Lebanese, and Saudi VCs are already eyeing early-stage opportunities, betting on high risk but potentially high reward.

Palestine: building through adversity

Across the exhibition hall, the Palestinian delegation delivered one of the event’s most emotional and determined performances. It was the third consecutive year for Palestinian entrepreneurs at GITEX, this time supported by European partners, Bank of Palestine, and private firms such as Profarco.

Rateb Rabie, CEO of Intersect, has attended several editions of the event. “I don’t know how to tell you what the benefit of joining GITEX this year is,” he said with a laugh. “Many investors passed today — Lebanese, international, and several UAE funds. We ran an extensive outreach campaign on social media, and our startups joined panels to introduce themselves. The feedback has been positive, maybe still lip service, but it’s a start.”

By the third day, activity had surged. Seven to eight startups were continuously giving interviews, and several were featured in Expand North Star’s publicity. Foot traffic increased as visitors moved between three Palestinian pavilions. In total, 33 Palestinian startups showcased products spanning agritech, AI, SaaS, and creative industries.

“These are thirty-three stars,” Rabie said proudly. “Thirty-three Palestinians, in a circle.”

The symbolism is profound. These founders are pitching for capital and visibility while their homeland faces one of the deadliest conflicts in modern history. By early October 2025, independent monitors estimated that more than 67,000 Palestinians had been killed and nearly 169,000 injured in Gaza. Infrastructure is devastated, yet Palestinian entrepreneurs continue to show up, not out of denial, but defiance.

Dubai’s role as a regional bridge

For both delegations, Dubai offered more than visibility. The city’s regulatory clarity, investor depth, and geographic neutrality make it a natural meeting point for governments, diaspora leaders, and global corporates. Expand North Star was designed for exactly this—dense investor traffic, fast deal cycles, and a platform to integrate newcomers into the regional startup circuit.

The presence of Syria and Palestine this year added substance to what can often feel like a marketplace of trends. Syria brought the optimism of reconstruction and reintegration; Palestine brought courage under fire. Both reminded investors that innovation often comes from the margins, where necessity breeds the strongest ideas.

The bottom line

MENA’s startup story has often been told through the Gulf’s capital and North Africa’s scale. The return of Syria and the persistence of Palestine add missing dimensions: engineering depth, creative grit, and human resilience.

If investors are serious about long-term regional diversification, this is where the next wave begins, in countries rebuilding their foundations and rewriting their narratives through technology. The opportunity is clear. The challenge, as always, is who dares to move first.