Another report on Emaar plans in Damascus

Dubai-based Emaar Properties has plans for mega projects worth $4.8 billion in Damascus, its first large-scale investment in Syria, a newspaper reported Monday.

Emaar's $4 billion real estate project, dubbed "Damascus Hills," includes residential units, commercial spaces and a technology park, said Al Bayan.

The project, covering an area of 50 million square feet, is due to be completed within eight years, it added.

Earlier this month, another report said Emaar would unveil its Syria plans in a special press conference.