DAMAC launches “La Residence” Tower in Downtown Beirut
                       

Text Box: DAMAC Properties unveiled its exquisite project in Lebanon, “la Residence by Ivana Trump”, a US $150 Million real estate venture in the world-renowned Beirut City Center at the prime intersection of Omar Daouk and Fakhreddine streets.   International celebrity, Ivana Trump, endorsed and contributed substantially to the project’s iconic design due the synergy between DAMAC Properties as a luxury lifestyle provider and the star’s image as a symbol of opulence and glamour.   La Residence by Ivana Trump is 27-storey, elegantly designed tower that exudes grace and style, including a plethora of one, two, and three bedroom apartments, along with duplexes and penthouses.  

 

Apartments on every level will provide stunning views on the Mediterranean Sea.

 

Damac officials admitted apartments in the La Residence tower will not be cheap, due to Beirut's surging land prices, and are targeted at high-income end users.

 

The project represents Damac Properties' first venture on Lebanese soil and follows the launch of its recent $3.5 billion mixed-use project in China and a $400 million 14-building real estate venture within Lusail's Fox Hills community in Doha.

 

Mr. Hussein Sejwani in an interview with Al-Aqariya TV said: “Lebanon is a promising market, and Residence is our first project and we are in the process to invest in many projects in this country”.

 

He added: “We believe in the real estate market in Lebanon and investments should not only be in Beirut Central District but in other areas as well”.

 

DAMAC properties have joined with the group of UAE and Gulf conglomerates to invest in prime real estate projects in Lebanon. This will add to the credibility of the local market and its competence with the regional markets.

 

 

                                                                       

                                                                                      Hayek Group

Beirut, Lebanon

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