Masahaat expands in Africa

Third local office opening in Jbeil by year's end

Masahaat, a Beirut-based real estate brokerage firm, will expand its operations in Africa. The firm will open offices in Ghana and Congo by February 2014.

Naji Ghaddar, Director of Masahaat, said: “These offices will help us widen the scope of our operations in West Africa.” The firm already has offices in Senegal, Nigeria, and Côte d’Ivoire.

“More than half of our clients from Africa are located in Nigeria, another 30 percent come from Côte d’Ivoire and the rest are from Dakar,” he said. Ghaddar said that most of these expatriate clients buy their primary residence in the Lebanese market. They might as well purchase a secondary residence in their host country.

Ghaddar said Masahaat will open a third local office in Jbeil to cover the needs of the north. The firm has an office in Beirut and another one in Tyr. The firm has also signed partnership agreements in a number of countries such as Cyprus, France, and Holland.

Masahaat is operational in more than 30 countries worldwide through joint venture and partnership agreements with major realtors.