Interest in Syria’s property market is gaining momentum among investors from the Gulf and beyond, as the country tries to ease a shortage in residential and commercial accommodation.
Many Gulf developers, including Emaar Properties and Qatar’s Diar, moved into Syria in early 2008, just months before the global financial crisis hit the Gulf’s property sector.
Majid Al Futtaim Properties, the company behind Dubai’s Mall of the Emirates, is pushing ahead with its plans in Syria, which has emerged relatively unscathed from the economic downturn.
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