Bella Casa suspension: real estate on the edge?

by Karim Makarem March 31, 2014

written by Karim Makarem March 31, 2014

The Bella Casa project was designed to appeal to Lebanese expats

According to a report in French-language magazine Le Commerce du Levant, prominent Lebanese developer MENA Capital recently decided to discontinue a major residential project. This is the first time in years that a well-known company with great experience in mega developments has officially pulled the plug on a flagship project. The official reason: the very low sales ratio. When it was announced in May 2012, the Bella Casa residential project in the Corniche el Nahr area stood out by combining a large project size with relatively small unit sizes. The project’s three towers (22, 24 and 28 floors) were to entail over 180 apartments and lofts, with apartment sizes of 120 to 264 square meters. Besides offering units that were described as affordable and convenient in size when compared with other projects in the capital, Bella Casa was to become “a gated community,” in easy reach of two of the

Karim Makarem

Karim Makarem is director of Ramco Real Estate Advisers

1 comment

Jad Hindy April 1, 2014 - 7:09 AM

This shouldn’t be a surprise. Nobody will invest in Lebanon while there is total lack of security and stability. The economy is falling apart, there is war in the North and the government is totally absent. I wonder if Lebanon will see any expats during this Summer… Being an expat, I know in my circle of expats nearly everyone didn’t make plans for Summer in Lebanon this year… The situation is bad, and we don’t need a crystal ball to figure that out.

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Bella Casa suspension: real estate on the edge?

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