Emaar Plans $16 Billion to $17 Billion Investment in Syria, Holds $40.8 Billion Backlog
Emaar Chairman Mohamed Alabbar revealed plans to invest $16 billion to $17 billion in Syria and announced an existing project backlog worth $40.8 billion at the RISE Summit in Dubai.
Emaar Properties Chairman Mohamed Alabbar revealed plans to invest between $16 billion and $17 billion in Syria, and announced that the company holds an existing project backlog valued at $40.8 billion, speaking during the RISE Summit 2026 in Dubai.
Alabbar stated that discounts are off the table for Emaar projects, indicating a pricing strategy that does not rely on price cuts to attract buyers.
AGBI reported that the war is weighing on apartment resale prices in Burj Khalifa, reflecting a divergence in the performance of luxury real estate segments.
This regional expansion comes at a time when investors are closely monitoring the performance of Dubai's real estate market, which is considered one of the largest and most attractive property markets for foreign investment in the region.
What Do These Terms Mean?
Real Estate Backlog: The value of projects contracted for sale by the company but not yet delivered, serving as an indicator of its future business volume.
Resale: The sale of a property previously owned by another party rather than buying it directly from the developer.
RISE Summit: An event bringing together investors and entrepreneurs to present projects and investments in the Middle East region.
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