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UAE investors 'most active' in Lebanon real estate
- Lebanon: Tuesday, August 11 - 2009 at 10:31
According to the latest Inter-Arab Investment Guarantee Corporation annual report, UAE real estate investors are the most active in Lebanon, where they have collectively invested $1.115bn, representing 41.9% of total Arab investments in the country in 2008. Real estate sales value and construction permits in Lebanon saw average growth rates of 17.6% and 12.6%, respectively, over the past five years. Sales transactions have now almost stabilised in the first five months of 2009, while construction permits have posted a 4.3% yearly increase, the report has said.
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StaffTuesday, August 11 - 2009 at 10:31 UAE local time (GMT+4)
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