Dubai Islamic Bank (DIB) launched an exclusive exhibition at the Fairmont hotel in Dubai to showcase its first real estate project in Lebanon.
"The tourism sector in Lebanon has seen significant growth over the last three years as the country leverages its moderate climate and scenic landscapes to position itself as one of the premium tourist destinations of the region," said United Arab Emirates (UAE) Minister of State for Finance and Industry and Chairman of DIB Mohammed Khalfan Bin Kharbash.
"People from the GCC countries form a significant percentage of the tourist inflow into Lebanon especially in the last couple of years," he added.
"The growth of intra-Arab tourism, especially from the GCC countries, has brought with it a significant change in the outlook of the Lebanese tourist industry and has opened up an entirely new and exciting range of opportunities in holiday residences and resort homes," said Kharbash.
"This maiden real estate investment by DIB in Lebanon seeks to cater to this growing intra-Arab tourist segment by providing them with the best infrastructure and tourist facilities in an ideal setting," he added.
The exhibition sales center for Matal Al-Qamar was opened to VIP investors and will remain open until September 13, 2003. The prices for residential units range from $216,000 to $685,000. DIB is also offering an Islamic mortgage up to 80 percent of the total value of the property to facilitate investors.
Matal Al-Qamar comprises freehold residential units, set in a strategic location in the Quernayel Falougha area in Lebanon. The location is just 36 kilometers from Beirut and connected to the city by three major highways. In addition, the complex offers a luxurious lifestyle with several common facilities including a mini golf course, tennis courts, health club, swimming pool, a pets zoo and a park. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
