Damac Properties, a Dubai- based property developer has launched its first real estate venture outside UAE in Lebanon's Beirut City Centre. This real estate residential project with an investment of USD 120 milliion will be located at the prime intersection of Fakhreddine and Omar Daouk Streets at the heart of Lebanon's capital.
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The Palm, Jebel Ali |
The property development will have 27 storeys, including 70 two and three bedroom apartments with state of the art marble and ceramic finishing, ample parking space, a swimming pool, gym, valet parking, as well as 24 hours maintenance and security. All the apartments will have fascinating views of the Mediterranean Sea.
Damac Properties had earlier purchased land from Solidere, the company entrusted with the city centre's post-war rejuvenation. Damac Properties was the first to introduce residential projects on every master planned development introduced by the Dubai Government, including the Palm Islands in Jumeirah and Jebel Ali, Dubai Marina, Dubai International Financial Centre (DIFC), Jumeirah Lake Towers, Discovery Gardens, and the International Media Production Zone.
Being the first private developer to make a commitment to Dubai's real estate market, DAMAC properties the total value of its projects amount over USD 2.8 billion.
