Lebanon Businessnews News
 

Noor Gardens delivery expected in two months
Half of $50-million compound already sold
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Noor Gardens, a mixed-use development in Wadi Abou Jamil, is set for delivery by the end of 2012. The project is owned by UAE national Rached bin Darwish el-Ketbi through DBA developers.

“Investments of around $50 million were made in the development,” said Tania Naamani, sales and marketing manager.

Noor Gardens consists of three low-rise buildings, seven stories each. It includes apartments and penthouses, of average sizes between 380 square meters and 1,150 square meters respectively. The development also includes retail units on the ground floor and first level, of sizes ranging from 90 square meters to 500 square meters. “Around 60 percent of the project has already been sold,” Naamani said. She said the majority of buyers were Lebanese, most of which are currently residing in the country, while a few others are expatriates.

The project’s total build-up-area is 26,000 square meters, including 1,000 square meters of gardens. “The development is designed according to the architecture of Paris in the 1920s with French balconies overlooking the Grand Serail,” Naamani said.
Reported by Yassmine Alieh
Date Posted: Nov 16, 2012
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