| Once known as the party and culture city of the | | | | 2006 and 4.4 percent per annum, in real terms, |
| Middle East Lebanon's capital Beirut is now the | | | | between 2007 and 2016. It added that tourism is |
| place overseas property investors are looking | | | | expected to rise from 10.9 percent of Lebanon's |
| toward. The image etched in the minds of | | | | GDP, or $2.4 billion, in 2006 to 14.4 percent, or |
| Europeans for example is that of a war torn | | | | $5.5 billion, in 2016 |
| Beirut. It's now time to think again as the region | | | | Beirut's education system is impressive. |
| now offers great prospects for property | | | | Beirut has important universities targeted from |
| investors. Beirut's low property prices combined | | | | major Arab countries seeking for certain level of |
| with new inward investment make it to set to be | | | | education. The most notable is the American |
| a good place to invest. | | | | University of Beirut (AUB); others are the |
| Beirut the capital. | | | | American Lebanese University (ALU), Beirut-Arab |
| Beirut is benefiting from investment from abroad | | | | University, and the Lebanese Maronite University. |
| and is undergoing a major face lift. The new | | | | Lebanon today is facing an unprecedented |
| construction boom is taking place and will help | | | | property boom with property prices soaring. |
| Beirut return to its former glory. This property | | | | Beirut's nightlife is electric. |
| boom is being fuelled by expats and overseas | | | | Beirut is a party town with bars and nightclubs |
| buyers who have already seen the great potential | | | | open to the early hours. It has a social feel of |
| in this region. | | | | Ibiza and New York City its people exhibit an |
| Developers are heading Beirut's way. | | | | overwhelming thirst for life. Visitors are spoilt for |
| Damac Properties is investing in the region with a | | | | choice and wealth is in the air with some exclusive |
| $150m real estate venture called La Residence a | | | | places to dine and dance. |
| 27 storey luxury tower designed by Ivana Trump. | | | | Beirut's stock exchange. |
| Other developers have also seen the potential and | | | | After eleven years of absence, the Beirut Stock |
| Beirut will be offering off plan investments to | | | | Exchange returns with vigour. The stock |
| investor's world wide. | | | | exchange is set to play an important role in |
| Tourism is set to increase. | | | | attracting investment to Lebanon. The Beirut |
| The World Travel and Tourism Council (WTTC) | | | | exchange has optimism in the future. Foreign |
| are upbeat about the future of tourism in | | | | interest in Lebanon was shown at meetings with |
| Lebanon. Lebanon's travel and tourism industry is | | | | the International Monetary Fund in Madrid. |
| expected to generate $4.4 billion in revenues in | | | | Overseas investors. |
| 2006, rising to some $8.7 billion in 2016. The | | | | All property investors know that part of your |
| report expects the Lebanese travel and tourism | | | | profits is made on the purchase price. |
| industry's activities to grow by 6.2 percent in | | | | |