Emaar to Independently Develop Damascus Project

May 18, 2026

44 min

May 18, 2026 12:31

Emaar exits joint venture structure for Damascus mixed-use project

## Emaar's Strategic Shift in Syria

Emaar Properties has announced its decision to exit the joint venture structure for The Eighth Gate, a mixed-use development in Yafour, Damascus. This move signifies a strategic shift for the Dubai-based developer, as it plans to oversee the project independently.

## Project Overview

The Eighth Gate, launched in 2005, is a $500 million development covering 300,000 square meters. Located approximately 22 kilometers from central Damascus, it includes residential, retail, hospitality, and commercial elements. The project is designed to reflect Emaar's global standards, similar to its developments in Dubai.

## Confidence in Syria's Future

Emaar's decision to manage the project independently highlights its confidence in Syria's economic recovery. Mohamed Alabbar, Emaar's founder, emphasized the company's long-term commitment to Syria and its people. The project aims to serve as a modern gateway, supporting growth and community development in the region.

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