Q&A Bassim Halaby

    This year saw the launching of Beirut Terraces in Minet el Hosn — developer Benchmark’s second high-end project in the capital, with one of the highest prices per square meter in Beirut starting at $7,200. With more than $1.4 billion invested in residential projects, both in Lebanon and the region, the four-year-old firm is one of the key players in Beirut’s luxury property market. Executive sat down with Chairman and Chief Executive Officer Bassim Halaby to chat about the current and future state of Beirut’s property market, with a special focus on the Beirut Central District (BCD). E Were the rises in the price of property in Beirut over the last two years expected or even healthy? Since the 2006 to 2008 period, the spike in prices made Lebanon seem brighter than it was. It’s the gap between the retraction in the world economy with the growth of