| Once known as the party and culture city of the | | | | terms, between 2007 and 2016. It added that tourism is |
| Middle East Lebanon's capital Beirut is now the place | | | | expected to rise from 10.9 percent of Lebanon's GDP, |
| overseas property investors are looking toward. The | | | | or $2.4 billion, in 2006 to 14.4 percent, or $5.5 billion, in |
| image etched in the minds of Europeans for example | | | | 2016 |
| is that of a war torn Beirut. Its now time to think again | | | | Beirut's education system is impressive. |
| as the region now offers great prospects for property | | | | Beirut has important universities targeted from major |
| investors. Beirut's low property prices combined with | | | | Arab countries seeking for certain level of education. |
| new inward investment make it to set to be a good | | | | The most notable is the American University of Beirut |
| place to invest. | | | | (AUB); others are the American Lebanese University |
| Beirut the capital. | | | | (ALU), Beirut-Arab University, and the Lebanese |
| Beirut is benefiting from investment from abroad and is | | | | Maronite University. Lebanon today is facing an |
| undergoing a major face lift. The new construction | | | | unprecedented property boom with property prices |
| boom is taking place and will help Beirut return to its | | | | soaring. |
| former glory. This property boom is being fuelled by | | | | Beirut's nightlife is electric. |
| expats and overseas buyers who have already seen | | | | Beirut is a party town with bars and nightclubs open to |
| the great potential in this region. | | | | the early hours. It has a social feel of Ibiza and New |
| Developers are heading Beiruts way. | | | | York City its people exhibit an overwhelming thirst for |
| Damac Properties is investing in the region with a | | | | life. Visitors are spoilt for choice and wealth is in the air |
| $150m real estate venture called La Residence a 27 | | | | with some exclusive places to dine and dance. |
| storey luxury tower designed by Ivana Trump. Other | | | | Beirut's stock exchange. |
| developers have also seen the potential and Beirut will | | | | After eleven years of absence, the Beirut Stock |
| be offering off plan investments to investors world | | | | Exchange returns with vigour. The stock exchange is |
| wide. | | | | set to play an important role in attracting investment to |
| Tourism is set to increase. | | | | Lebanon. The Beirut exchange has optimism in the |
| The World Travel and Tourism Council (WTTC) are | | | | future. Foreign interest in Lebanon was shown at |
| upbeat about the future of tourism in Lebanon. | | | | meetings with the International Monetary Fund in |
| Lebanon's travel and tourism industry is expected to | | | | Madrid. |
| generate $4.4 billion in revenues in 2006, rising to some | | | | Overseas investors. |
| $8.7 billion in 2016. The report expects the Lebanese | | | | All property investors know that part of your profits is |
| travel and tourism industry's activities to grow by 6.2 | | | | made on the purchase price. |
| percent in 2006 and 4.4 percent per annum, in real | | | | |