After seeing some delays in expansion beyond the Gulf Cooperation Council countries, Dubai-based luxury developer Damac Properties is moving closer to completion of regional projects. These include a residential tower in Beirut where interiors from the lobby to the last apartment will bear the identity of fashion brand, Versace Home. Executive inquired with Damac General Manager Ziad el-Chaar on the company’s strategy. What can you tell us about the state of the Damac Beirut project? This project has reached an important construction milestone. We finished the last foundation [at the end of July] and reaching this in downtown Beirut took some time, because we had some challenging excavation [working] next to the tunnel connecting the InterContinental Hotel area to Ashrafieh. When are you planning final delivery of the project? We are hoping to finish the entire project within 30 months from January 2013. When the Damac Tower project was
