PRO­FILE

Ekaruna - - Cover Story -

Dagher, who left the United States (US) some 10 years ago to launch a real es­tate de­vel­op­ment com­pany in Beirut, is like many of his peers, who are suf­fer­ing from a slow­down in sales over the past two years. How­ever, he has not lost hope. De­spite the slug­gish over­all eco­nomic ac­tiv­ity, Dagher states that the Le­banese real es­tate mar­ket is poised for a re­bound once the po­lit­i­cal and se­cu­rity sit­u­a­tion im­proves.

He draws par­al­lels be­tween the past two years, which wit­nessed a spillover of the Syr­ian cri­sis into Le­banon, and the 2005–2006 pe­riod, when the as­sas­si­na­tion of for­mer Prime Min­is­ter Rafiq Hariri and the sub­se­quent Is­raeli war on Le­banon rat­tled mar­kets. Much like the man­ner in which the mar­kets re­bounded in 2007, ac­tiv­ity in the real es­tate sec­tor should pick up once the Syr­ian con­flict set­tles down, Dagher says.

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