Solidere International Unveils Al-Zorah Project to International Audience

11/6/2008- Solidere International, which was established by the Lebanese real-estate giant last year, has unveiled its EUR40 billion mixed use development project in the United Arab Emirates to an international audience during a property exhibition in Milan. (more…)

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$155.9 Million Net Profits for Solidere in 2007

5/6/2008- Real-estate giant Solidere, the Lebanese Company for the Development and Reconstruction of Beirut, has said it made a net profit of $155.9 million in 2007, up by 18 percent compared to the previous year. (more…)

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Property transactions up by 21.4% in 2007

Although Lebanon witnessed an economic slowdown in 2007, real estate activity during the year has proved to be quite resilient to the said trend prevailing in the country. The rise in real estate activity can be attributed to several reasons such as the increase in population, higher demand by expatriate Lebanese, the relatively low taxes in Lebanon, the improvement made in terms of property transfer operations, and the facilitation of foreign ownership. (more…)

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