| A wonderful opportunity in Lebanon |
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Lebanon Real Estate |
| The real estate sector in Lebanon, an open and liberal market, has persistently shown resilience to adverse political and security conditions on the local scene as well as adverse external factors at the regional and global levels. Over the past five years, real estate sales value and construction permits posted average growth per annum of 17.6% and 12.6%, respectively. |
| Real estate prices consequently witnessed a steady and gradual appreciation (three-year average estimated at 25%-30% per annum and shot up all throughout last year (average of 50%-60%) especially post-Doha agreement. |
| Property sales in Lebanon reached impressive figures in 2007 despite the world-wide economic slowdown and continuing political strife. Property sales in 2007 reached $4.219 billion compared to $3.151 billion in 2006. |
| Building permits also increased last year. Figures released by the Order of Engineers of Beirut and Tripoli reveal that construction permits totaled 9,037,609 sqm during 2007 - up by 4.0% from 8,692,834 sqm in 2006. |
| The regional breakdown of real estate sales transaction value by region shows that Beirut and surroundings account for more than half of total real estate sales activity in Lebanon (52.4%), followed by the Metn area (19.2%), Kesrouan (12.3%), North Lebanon (6.8%), South Lebanon (5.8%), the Bekaa (2.9%), and other areas (0.6%), as per official Real Estate Registry statistics. |
| On the supply side, construction permits increased by 12.6% per annum on average over the past five years (78.9% year-on-year in 2008), and cement deliveries, a coincident indicator of construction activity, rose by an average of 9.2% per annum between 2003 and 2008 (7.7% year-on-year in 2008). All throughout the covered period, property developers have been trying to catch up with demand while taking advantage of new opportunities in this lucrative sector by acquiring land plots and launching new projects in trendy areas. Over the first five months of 2009, permits posted a positive 4.3% yearly rise (in square meters), which underlines a slowdown -but evidently not a halt- in activity, while cement deliveries have pulled out a healthy 18.4% growth. |
At present, with the new government’s focus on the “365 days Tourism Program”, Investing in Lebanon appears promising
Hotels are reportedly nearly fully booked, and airlines are increasing their flights to Beirut in order to match buoyant demand.
The future should be an excellent occasion to gauge the market and its appetite for realty
The Lebanese real estate market benefits today from healthy fundamentals and overall good perspectives, which could bolster the sector’s contribution to developing economic activity at large in the country
All the factors above would raise Lebanon’s visibility on the regional real estate map, and reestablish progressively the country and its central district’s status as a major realty hotspot in the Middle East and North Africa region in the years ahead.
Real estate prices consequently witnessed a steady and gradual appreciation (three-year average estimated at 25%-30% per annum
The comparative resilience of the local realty market to the crisis is mostly owed to the persistence of demand drivers post-crisis showing genuine needs for realty.
Demand could progressively resume an upward trajectory and increase the attractiveness and visibility of Lebanese real estate in the period ahead. |
| Land Description |
The subject has great land value as it is one of the largest and tempting available land in the area, a126, 000 square meter located in one of the best desired area in Lebanon, adjacent on its border, the most famous College Mont La Salle one of the valued colleges in Lebanon, and presages the Private Spring Hills Country club is within walking distance.
The subject land is centered on the mid of small mountain centralized with beautiful large green pine trees with a slope for best and easy development, overlooking Beirut city , and surrounding by green mountains of Ain Saade in which to be considered one of the most growing area in Lebanon
Other than its educational hob strengths Ain Saade known for its green hills, summer and winter living because of its well balanced weather and easy drive from and to Beirut City as many professionals commuting dally to their work. |
| Land Value |
| The Land is in a highly visible section located in Dbayeh, vibrant upper scale mix retail, commercial and residential city well known for its shopping, Hotels resorts and professional offices. Particular zoning class will allow the potential investor assorted opportunities for residential and/or commercial development |
| Price |
The price is well structured at $ 215 per square meter total asking price $ 27,090,000 the owner has carefully calculated his asking price considering the size, timing to build and magnitude of the project, and most important the need for the investor/develop r profit. As smaller land price in the area $ 500- 1500 / Sqm.
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