Lebanon Businessnews News

Jbeil apartments selling
at $7,500 per square meter
Pricing attributed to location and specs
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Apartments at Byblos Beach Village are being offered as high as $7,500 per square meter, making it the most expensive location in the country on par with similar projects in Solidere.

The prices of other Jbeil projects do not exceed $1,500 per square meter.

According to Karl Zouein, the project’s architect, the prices were set because of the unique location. “It is rare to find such a location on the seashore,” he said. The apartments’ specifications are also luxurious.

The project size is 15,000 square meters and will be located near the port area of Jbeil. “There will not be more than 30 apartments,” said Zouein.

It will include a resort, a seaside restaurant with the capacity to host 250 people indoors, and 350 outdoors, as well as a bar, gym, and three swimming pools. There will be direct access for the public.

Apartment sizes start at 200 square meters. Zouein said that there is interest in the apartments, with around 20 percent sold.

Construction will be completed in May 2017.

BBV, a company owned by Sami Raad, owns the project and is in charge of managing and constructing the project.

Construction cost of the entire project is $25 million, excluding the cost of the land.
Reported by Rania Ghanem
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Date Posted: Jun 22, 2016