AmeriLEB
August 20th, 2009, 05:28 AM
Rakeen commences Beit Merri Sunset sales amidst Lebanon's rising popularity as a leisure & lifestyle destination
19 August 2009
High-end residential development comprises ten villas and nine apartments of various types offering views of the Mediterranean Sea
Rakeen, one of the region's most dynamic property developers and master planners, has announced that it has commenced sales of its ultra high-end residential project in Beit Merri, a renowned upmarket area near Beirut. The new development marks RakeenRakeen's first venture into Lebanon's booming property market, the capital of which was recently named as one of the top places to visit in 2009 in a special New York Times travel recommendation list.
The Beit Merri Sunset development comprises ten villas and nine apartments of various types designed to accentuate the beauty and luxurious location of Beit Merri, which offers scenic views of the Mediterranean Sea amidst a tranquil landscape. Rakeen will incorporate stylish exterior designs and intricate interiors, while emphasising functionality in keeping with its unique and sustainable approach to development. The property developer recently opened a subsidiary in Beirut in March 2009 for on-site project management.
Jeremy Savory, Commercial Director, Rakeen, said: "We want Beit Merri to cement its rightful place as one of the best holiday retreats for Gulf residents. It has beautiful views overlooking Beirut and the Mediterranean Sea with its romantic sunsets, a pleasant climate, and a growing tourism business. This project is also a great opportunity for Rakeen to showcase the potential of its eco-conscious development concept."
Rakeen's development initiatives in Lebanon are in keeping with the impressive performance of the country's real estate and construction sectors, which have been among the key economic drivers of Lebanon's resurgent economy. The July 2009 edition of the Lebanon Real Estate Report has revealed that real estate sales over the past five years have posted an average growth of 17.6 per cent, while the number of construction permits issued has increased at an average of 12.6 per cent annually during the same period.
At the height of the global economic downturn, Lebanon's real estate sector has also been one of the most resilient in the region; a moderate decline in property prices of 10 to 15 per cent has actually made Lebanese properties even more attractive to regional and international investors, triggering an influx of new real estate investments into the country. Majority of real estate investment initiatives in Lebanon are stimulated mainly by foreign Arab investors, a growing number of expatriates and increasing interest of Lebanese residents in real estate development.
"As a person of Lebanese origin, I consider the Beit Merri Sunset a very special development since I am very familiar with the charm and natural beauty of the area. We wanted to add something different to the community, something that harmonises a modern lifestyle, peaceful living and indulgence. So far we are on track to deliver what I consider a dream come true for myself, for our company, and for this project's future residents," concluded Ghassan Youssef, Managing Director, Rakeen.
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Project Overview
Just 20 minutes away from Rafic Harriri International Airport in Beirut City is the quintessential Beit Merri – nestled between the mountain ranges and overlooking the turquoise waters of the Mediterranean Sea. Taking the elements of Roman history as its muse, Beit Merri is a place of unique charm and endless fascination. Aramaic for ‘house of the master’, this unique development offers picturesque views of the Beirut peninsula and the Mediterranean coast.
With as much attention given to the finer details as to the bigger picture, Beit Merri Sunset is unbridled living indulgence, emanating sanctity from every little space. Wrapped beneath the ideal climate of warmth without the heat, and fresh mountain air without the cold, Bet Merri’s exceptional design never trades its beauty for functionality, managing to enchant anyone who steps through its doors.
http://rakeen.com/en/our-projects/international/beit-merri.aspx
19 August 2009
High-end residential development comprises ten villas and nine apartments of various types offering views of the Mediterranean Sea
Rakeen, one of the region's most dynamic property developers and master planners, has announced that it has commenced sales of its ultra high-end residential project in Beit Merri, a renowned upmarket area near Beirut. The new development marks RakeenRakeen's first venture into Lebanon's booming property market, the capital of which was recently named as one of the top places to visit in 2009 in a special New York Times travel recommendation list.
The Beit Merri Sunset development comprises ten villas and nine apartments of various types designed to accentuate the beauty and luxurious location of Beit Merri, which offers scenic views of the Mediterranean Sea amidst a tranquil landscape. Rakeen will incorporate stylish exterior designs and intricate interiors, while emphasising functionality in keeping with its unique and sustainable approach to development. The property developer recently opened a subsidiary in Beirut in March 2009 for on-site project management.
Jeremy Savory, Commercial Director, Rakeen, said: "We want Beit Merri to cement its rightful place as one of the best holiday retreats for Gulf residents. It has beautiful views overlooking Beirut and the Mediterranean Sea with its romantic sunsets, a pleasant climate, and a growing tourism business. This project is also a great opportunity for Rakeen to showcase the potential of its eco-conscious development concept."
Rakeen's development initiatives in Lebanon are in keeping with the impressive performance of the country's real estate and construction sectors, which have been among the key economic drivers of Lebanon's resurgent economy. The July 2009 edition of the Lebanon Real Estate Report has revealed that real estate sales over the past five years have posted an average growth of 17.6 per cent, while the number of construction permits issued has increased at an average of 12.6 per cent annually during the same period.
At the height of the global economic downturn, Lebanon's real estate sector has also been one of the most resilient in the region; a moderate decline in property prices of 10 to 15 per cent has actually made Lebanese properties even more attractive to regional and international investors, triggering an influx of new real estate investments into the country. Majority of real estate investment initiatives in Lebanon are stimulated mainly by foreign Arab investors, a growing number of expatriates and increasing interest of Lebanese residents in real estate development.
"As a person of Lebanese origin, I consider the Beit Merri Sunset a very special development since I am very familiar with the charm and natural beauty of the area. We wanted to add something different to the community, something that harmonises a modern lifestyle, peaceful living and indulgence. So far we are on track to deliver what I consider a dream come true for myself, for our company, and for this project's future residents," concluded Ghassan Youssef, Managing Director, Rakeen.
-Ends-
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http://i209.photobucket.com/albums/bb2/Htlebmn/ScreenHunter_01Aug192320.gif
http://i209.photobucket.com/albums/bb2/Htlebmn/ScreenHunter_02Aug192321.gif
http://i209.photobucket.com/albums/bb2/Htlebmn/ScreenHunter_03Aug192321.gif
Project Overview
Just 20 minutes away from Rafic Harriri International Airport in Beirut City is the quintessential Beit Merri – nestled between the mountain ranges and overlooking the turquoise waters of the Mediterranean Sea. Taking the elements of Roman history as its muse, Beit Merri is a place of unique charm and endless fascination. Aramaic for ‘house of the master’, this unique development offers picturesque views of the Beirut peninsula and the Mediterranean coast.
With as much attention given to the finer details as to the bigger picture, Beit Merri Sunset is unbridled living indulgence, emanating sanctity from every little space. Wrapped beneath the ideal climate of warmth without the heat, and fresh mountain air without the cold, Bet Merri’s exceptional design never trades its beauty for functionality, managing to enchant anyone who steps through its doors.
http://rakeen.com/en/our-projects/international/beit-merri.aspx