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The Lebanese housing bubble refers to an economic bubble affecting almost all of the Lebanese real estate sector, whereby property prices have risen exponentially since 2005 (an average 5-fold increase as of February 2010), while the GDP has risen only around 52% during that same period. [1]
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
In 2007, the Mikati brothers founded M1 Group, which now comprises: M1 Real Estate which owns real estate in Europe, the United States and the Middle East [2]; M1 Fashion which owns several clothing brands including Façonnable, Pepe jeans and Hackett London [3] [4]
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Marina Towers project is a residential complex in Beirut Central District, Lebanon. It is located near the Beirut Marina and consists of a high-rise apartment building, Marina Tower, and two mid-rise apartment buildings, Marina Court and Marina Garden. The Marina Towers project is built on over 7,000 square metres of land with the main tower ...
During the civil war, when Beirut was separated into eastern and western halves by the Green Line, Achrafieh changed from a mostly Christian residential area (compared to bustling, cosmopolitan Hamra, in Ras Beirut) to a commercial hub in its own right. In the early 2000s, the area became a focal point of the city's real estate boom. [3]
Based in Beirut, the family owned many properties along the Mediterranean region, and, for over one hundred years, the Sursocks owned a significant amount of real estate in the heart of Mersin, Turkey, including many shops and properties in the eponymous Sursock Quarter of the city.
Rue Madame Curie is a street in Beirut, Lebanon.The street, which is named in honor of Marie Curie, the Polish–French physicist–chemist, begins at Rue Badr Demachkieh in the Raouché neighborhood of the Ras Beirut district, running west–east through the Qoreitem-Snoubra neighborhood then, intersecting Rue Alfred Nobel and Rue Dunant before turning into Rue Marie Edde.