Real Estate articles

Walking towards the light

Walking towards the light

Reading Time: 2 minutes Instead of hoping for good political news in Lebanon today, property hunters should just trust their fortunes. The country is much more stable than it looks, and smart money has every chance to find good real estate buys. At the same time, there are few bright spots for sellers. The uncertainty in the upper end

Sporting design

Reading Time: 3 minutes Stadiums, like other large public meeting areas, do not exist separate from their surroundings. They form an integral part of the landscape, influencing not just the look and feel of an area, but also how individuals interact with it. Executive looks at two stadiums — both past their prime — that display contrasting approaches to the use

Seashore, Inc.

Reading Time: 8 minutes There is a map of Beirut’s private coast from Dalieh to the southern city limits accompanying this article. You can find it here. *** On February 10, 1966, Inmaa Tourism and Hotels bought two plots of land on the sandy shores of Ramlet al-Baida. Eight years later, the company bought seven more plots, bringing its total

(De)sign of the times

Reading Time: 8 minutes “We gradually noticed a few abandoned commercial venues being renovated and then new tenants moving in. They were mainly little boutiques owned by young adults and at first we felt a sense of pride that people were recognizing our neighborhood as a place for creative business activities but now, with all the bars and the

The coast of progress

Reading Time: 3 minutes As activists push ahead with a lawsuit to prevent the development of nearly 110,000 square meters of coastal land to the south of Beirut’s iconic Pigeon Rocks, Fahd Hariri — the son of late Prime Minister Rafic Hariri who has a stake in an investment company which indirectly owns some of the land — is

Achour-ed success

Reading Time: 5 minutes [pullquote]“The land, I think, [is worth] less than this amount, but the amount was [acceptable] like this because we’re not paying immediately”[/pullquote] Even with the smell of untreated wastewater wafting into the air and urban waste effluents annoying bathers in the sea, the property shown on the Beirut cadastral map only as land parcel 3689

The house of culture

Reading Time: 6 minutes As in all historic cities across the globe, there are certain architectural structures in Beirut, such as the Egg in downtown or the old Manara in Ain El Mraisseh, that have become landmarks and a major part of the Lebanese collective memory. Even as the city progresses and develops, these buildings should be preserved, in

Impending calamity

Reading Time: 3 minutes After over a decade of debate — and severe hiccups in 2014 — a law annulling the “old rent” system, whereby tenants who signed leases before 1992 never faced rent increases, gained parliamentary approval and in June was published in the Official Gazette. The Constitutional Council, however, struck down two and a half articles in

Building for demand

Reading Time: 4 minutes With the Lebanese real estate market remaining stagnant again in 2014, Executive sat down with Jihad Ibrahim, general manager of Jamil Ibrahim Establishment, to discuss ways to better regulate the sector and how to improve statistics related to real estate transactions, which he says today are misleading.    We’re seeing a lot of newly built

A work in progress

Reading Time: 6 minutes Bilal Hamad, president of the Beirut Municipality, talks with Executive about parks, sidewalk renovations, the city budget and the increasing number of revenue-generating towers within the city limits.    Back in 2012, you launched the “Beirut is Amazing” project aimed at adding and improving green spaces in the city. How much are park renovations going