On The Ground
also checkout
Learning Center >

Can Lebanon be Entrepreneurial and Environmental

Lebanons Environment Burning
Lebanon is facing environmental catastrophes every year. Just a few days ago a shipping tanker carrying Kerosene leaked significant amounts of its cargo into the sea off the coast of Dora. As is always the case, the news outlets barely cover the story. The impotent reaction by a non existent government is predictable and the few environment conscious activists are horrified.

Thus passes another situation in which the true value of the Lebanese Nation is eroded. While everyone is concerned with what politician gets which ministry, Lebanon is slowly but surely losing its justification as a potential tourist attraction. Not only that, but the systematic destruction of our environment makes the country a less and less habitable place. Continue reading

Post to Twitter Post to Plurk Post to Bebo Post to Yahoo Buzz Post to Delicious Post to Digg Post to Diigo Post to FriendFeed Post to Google Buzz Send Gmail Post to LinkedIn Post to MySpace Post to Ping.fm Post to Reddit Post to Squidoo Post to StumbleUpon

Posted in Aradeek Supports, Lebanon RE News, On the Ground | Leave a comment

Lebanon’s Real Estate Revolution

Cedar Island
The real estate market in Lebanon has boomed over the past 5 years. Marketing and savvy new strategies resembling more mature real estate markets have become the norm. While developers used to build standard luxury apartments in the 300 meter range, more forward thinking developers have opted to make apartments smaller. These smaller units have allowed buyers to find more affordable apartments. Some properties in Beirut are even as small as 120 meters. This push to satisfy Lebanon’s real estate needs has some concerned that the days of large apartments with maids room and dining areas are a thing of the past.

The most interesting aspect of this booming market has been the rise of websites that advertise property. Continue reading

Post to Twitter Post to Plurk Post to Bebo Post to Yahoo Buzz Post to Delicious Post to Digg Post to Diigo Post to FriendFeed Post to Google Buzz Send Gmail Post to LinkedIn Post to MySpace Post to Ping.fm Post to Reddit Post to Squidoo Post to StumbleUpon

Posted in Lebanon RE News, On the Ground | 3 Comments

High rents drive office tenants out of Beirut

Beirut Downtown
BEIRUT: Central Beirut office rents held steady in 2010, but an increasing number of tenants are moving to areas with better rental deals, according to the 2011 survey of the world’s most expensive office locations by property consultants Cushman & Wakefield (CW).

The report, which was published by Bank Audi’s Lebanon Weekly Monitor, ranked central Beirut 28th most expensive among 68 cities around the world surveyed, with the Lebanese capital moving up three places since last year’s ranking of 31. It noted that rents in Beirut’s Central Business District, which are the highest in the country, stood at 427 euros ($587) per square meter per year in 2010, whereas the average net internal rent in the country stood at 368.3 euros per square meter per year. The study also indicated that rental values in Lebanon are expected to remain stable in 2011 due to Continue reading

Posted in Lebanon RE News, On the Ground | Leave a comment

Will Lebanon face Real Estate drawback consequences similar to the one in UAE?


In my opinion as a Real Estate professional & as noticed over the past 20 years, the Lebanese Real Estate sector is safe & promising. This is mainly due to the fact that since 2005 till now, 90% of estates were purchased by Lebanese whose main target is to own a house in their homelands; on the other h&, 10% were bought by investors or in other words speculators, whose main target is purely investment. This observed factor is promising since history shows that even when faced with a crisis, economic or political, if majority of estates are owned by Lebanese, the real estate sector tends to remain intact; versus the other scenario where if the majority of estates were owned by investors, this same sector will eventually crash due to the latter exiting the market to minimize their losses, leading to oversupply & thus prices reaching bottom. If we take a look at the past 20 years, history proves the above stated fact:

- In early 90′s Mr. Rafic Hariri was appointed Prime Minister, which encouraged all sorts of Arabs to invest in Lebanon. It was then noticed that more than 90% of estate owners were investors or speculators, in other words

- In mid 90s, after the stock market world crash, the Lebanese Real Estate market also crashed mainly because all investors who owned estates in Lebanon exited very fast Continue reading

Post to Twitter Post to Plurk Post to Bebo Post to Yahoo Buzz Post to Delicious Post to Digg Post to Diigo Post to FriendFeed Post to Google Buzz Send Gmail Post to LinkedIn Post to MySpace Post to Ping.fm Post to Reddit Post to Squidoo Post to StumbleUpon

Posted in Lebanon RE News | 1 Comment

Support The Cedars


Over the past few months, since the launch of Aradeek, we have been searching for an organization that plants trees in Lebanon- specifically the cedar tree. We felt this particular tree deserved our help more than any other plant life in the country. The cedars are in fact part of our national heritage, a source of pride and a tribute to our endurance. Not to mention that aesthetically, they are an unrivaled tree. We were confident that beginning our efforts with the cedar tree would allow us the most success.

At the outset, we found ourselves bullish and hopeful, naively assuming that there are countless ways to support our environment, especially the cedars. We scoured the web in hopes of locating a group, a team, an organization, any entity that would allow us to easily make a donation to plant these trees in our homeland.

Much to our dismay, we were left utterly disappointed.

Like many other fruitless searches for services we were sure to find in Lebanon, locating an organization that supports our environment, specifically our national icon, was ultimately a failure.

Although there are several Facebook causes, groups and Lebanese organizations that serve to offer great awareness for our environment, there lacks an entity that serves to actually make an impact. This discovery encouraged all of us at Aradeek to fill that void.

Aradeek is currently in the early stages of creating a nonprofit organization that will simplify the process of protecting and preserving our environment. This organization will allow any persons to make a simple donation and effectively plant a tree… beginning, of course, with our precious cedar.

If you’d like to join this organization or if you have any suggestions, please email us at support@aradeek.com

Post to Twitter Post to Plurk Post to Bebo Post to Yahoo Buzz Post to Delicious Post to Digg Post to Diigo Post to FriendFeed Post to Google Buzz Send Gmail Post to LinkedIn Post to MySpace Post to Ping.fm Post to Reddit Post to Squidoo Post to StumbleUpon

Posted in Aradeek Supports, Local Lebanon News, On the Ground | 1 Comment

Real Estate, Politics & Economic Cycles

While the world follows global trends and economic cycles, Lebanon is one of those anomalous countries that defies all attempts to coral it or define it according to sound economic principles.

If you ask the average conspiricist on the ground, and there are many of them, you will likely hear that the strength of the Lebanese economy is the mysterious and all so evident “mafia and money laundering”. What else can explain the millions spent on highway banner advertising the likes of Audemar Piguets, Chopard, Corum, Rolex and every possible other brand of luxury watches? Who buys all these watches? Or are they just fronts for an elaborate scheme to move money through the system in order to clean it?

I don’t pretend to know.

If you ask the ever more vocal political conspiricists about the recent boom in real estate, the answer is more sinister,  Continue reading

Post to Twitter Post to Plurk Post to Bebo Post to Yahoo Buzz Post to Delicious Post to Digg Post to Diigo Post to FriendFeed Post to Google Buzz Send Gmail Post to LinkedIn Post to MySpace Post to Ping.fm Post to Reddit Post to Squidoo Post to StumbleUpon

Posted in Lebanon RE News, On the Ground | 3 Comments