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Eagle Hills signs framework deal for two property projects in Syria

Syria signed a framework agreement in Damascus with Abu Dhabi-based developer Eagle Hills for two residential and tourism projects, in Damascus and Latakia. The value was not disclosed.

2 outlets · 0L · 1C · 1R First reported Account updated
Image: The National
Image: Arab News

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The story, neutrally told

Mixed · 2Syria signed a framework agreement on Monday 5 October 2026 with the Emirati developer Eagle Hills for two property projects, one in or near Damascus and one around the coastal city of Latakia. Mixed · 2Eagle Hills chairman Mohamed Alabbar signed the deal in Damascus in the presence of Syrian President Ahmed Al-Sharaa (spelled Al Shara by The National). The National says the Syrian ministries of Public Works and Housing and of Tourism also signed, and places the ceremony at the People's Palace. AFP says it took place at the presidential palace. Mixed · 2The National names the projects as the Tadamun Towers development in Damascus and the Eco Life tourism project in Latakia. AFP, citing state media and videos from the event, says the Damascus-area project is to include apartments, villas, hotels and shops, and the Latakia one is a residential and tourism development with a marina.

Mixed · 2Authorities did not give the value of the projects or an expected completion date. Syrian officials say they will create more than 40,000 jobs: Tourism Minister Mazen Al-Salhani spoke of direct and indirect jobs, and The National attributes the figure to Syria's Arab News Agency. Mixed · 2Alabbar said the projects should become communities with homes, services and jobs, involving Syrian companies and skilled professionals. He urged Syrians at home and abroad to invest and join reconstruction, saying Syria "deserves the return of its people". Right · 1Public Works and Housing Minister Mustafa Abdul Razzaq warned that without an immediate response Syria's housing deficit could pass two million units by 2030.

Mixed · 2The deal follows earlier reports on Alabbar's plans. Bloomberg reported in July that he planned two housing and tourism projects worth at least $20 billion in the capital and Latakia, and The National says he has previously spoken of investing up to $18 billion in Syria. Mixed · 2The deal comes as Syria seeks foreign investment for reconstruction after more than 13 years of civil war. The World Bank estimates rebuilding will cost more than $216 billion. Syria aims to build or rehabilitate two million homes by 2035, and the UNHCR estimates more than 1.7 million people returned between December 2024 and April 2026. Mixed · 2Other Gulf-backed housing projects are under way. UAE-based Arada plans a $7 billion mixed-use development west of Damascus, and in June Syria announced a project with a Saudi company for about 20,000 housing units near Damascus.

Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.

Left0 outlets

No left outlet in our sources has covered this story yet.

Centre1 outlet

Framing
Business-property report led by the Eagle Hills deal and the projects' names. It sets the deal against Syria's housing targets, refugee returns and rival UAE developer Arada's plans.
Emphasis
Project names, Alabbar's earlier $18 billion investment ambitions, housing demand and the Arada project.
Leaves out or plays down
Does not mention the World Bank reconstruction estimate, the Bloomberg $20 billion report or the Saudi housing project.
Charged language
“overthrow of Bashar Al Assad's regime”
For example
“It covers two projects: the Tadamun Towers development in Damascus and the Eco Life tourism project in Latakia.” — The National

Right1 outlet

Framing
AFP wire copy run by Arab News. It presents the deal as part of Syria's drive to attract foreign investment to fund reconstruction after war, with ministers' quotes and the scale of reconstruction needs.
Emphasis
The World Bank's $216 billion estimate, the Bloomberg $20 billion report, the housing deficit warning and earlier foreign deals.
Leaves out or plays down
Does not give the project names (Tadamun Towers, Eco Life), Alabbar's $18 billion investment ambitions or the Arada project.
Charged language
“mega”“huge property development projects”“tycoon”
For example
“Syria is trying to recover after more than 13 years of civil war that fractured the country and ravaged its industry and infrastructure” — Arab News