Dolmen Real Estate Development, a privately-owned Lebanese real estate company said there was  an overwhelming response for its projects at the 'Qatar International Real Estate & Investment Exhibition (Q-REX) 2009 held recently.

A subsidiary of The Phoenician Holding, Dolmen said about 50 per cent of its Jannat Falougha and Falougha Homes projects were sold out and was almost going to clinch a deal for Cedars Hills villas in Ain Zhalta.

Mohamad Ayash, CEO of Dolmen, said: "At Dolmen we are confident that the real estate industry will achieve remarkable growth rates in the coming period."

"From investors’ and visitors’ response at Q-REX 2009, it is clear that Lebanon’s position as the ideal destination for real estate investments is now stronger than ever, with a reputation for safeguarding the assets of any investor and offering high ROI," he quipped.

"We were looking into the requirements of end users as well as those who wish to live in Lebanon or have sustained tourism interests."

"On display at the exhibition was Jannat Falougha in Falougha, which is designed as a Lebanese village offering scenic views, rich heritage and spectacular climate," he observed.

Falougha Homes, sprawled over 26,650 sq m of land, comprises villas for middle-segment buyers, while Jannat Falougha encompasses luxurious villas over a 30,000 sq m area.”

The 114,000 sq m Cedars Hills villas in Ain Zhalta offer investors a range of choice villas and premium plots.

"Dolmen’s successful participation at (Q-REX) 2009 is a huge boost to the Lebanese property industry and its unique features on the regional and global front. This participation comes on the heels of successful participation at Cityscape Abu Dhabi last April," Ayash stated.

"The success we achieved in Qatar and Abu Dhabi shows that the investors in the Gulf are very aware of the value of the Lebanese real estate market."

"It also shows their appreciation of the industry trends in Lebanon which differentiate itself from any other industry and its robustness and contribution in the national economy of Lebanon”.

The Dolmen stand was visited by huge number of visitors who underscored the instrumental role played by the real estate development companies in Lebanon in enhancing the national economy and attracting investors and tourists to Lebanon.

In addition to developing Falougha and the Ain Zhalta projects, Dolmen is currently working on other key developments, including mixed-use projects featuring two towers of 27 floors each near downtown Beirut.-TradeArabia News Service