Issue No 306 - 27 April 2009
Dolmen Falougha 50pc villas sold out

Dolmen, a privately-owned Lebanese company specializing in real estate development and a subsidiary of The Phoenician Holding, put up a good show at the Cityscape Abu Dhabi with a sale of nearly 50 per cent Villas at its Jannat Falougha Project.

Beirut-based Dolmen had showcased its three landmark projects Jannat Falougha, Falougha Homes and Cedars Hills villas in Ain Zhalta at the expo which ended yesterday.

The company expressed delight at the sale of five villas in the Jannat Falougha project that encompasses a total of 11 luxurious villas over a 30,000 sq m area.

Mohamad Ayash, chief executive officer of Dolmen, said: "Our successful sale at a key industry forum such as Cityscape Abu Dhabi 2009 strongly indicates the wide appeal of our developments."

"The event offered a valuable networking opportunity with potential buyers and serious investors who showed keen interest in our projects. Having accomplished our strategic objectives, we are fully motivated to mark a presence in future engagements at local events to further strengthen Dolmen’s presence in the region, he added.

Dolmen’s projects showcased at Cityscape Abu Dhabi 2009 include Falougha Homes and Jannat Falougha in Falougha, a Lebanese village offering scenic views, rich heritage and a spectacular weather.

Falougha Homes will sprawl over 26,650 sq m of land and comprise 19 three-floor villas for middle end-users, while Jannat Falougha will encompass 11 luxurious villas over a 30,000 sq m area.

The 114,000 sq m Cedars Hills villas in Ain Zhalta that was also featured at Cityscape will offer investors a range of choice villas and premium plots.

In addition to developing Falougha and the Ain Zhalta projects, Dolmen is currently working on other key developments, including mixed-use projects featuring two towers of 27 floors each near Downtown Beirut.

The Dolmen stand also received the president of the Palestinian Authority Mahmoud Abbas who was greeted and briefed on the company’s projects by Ayash.

Dolmen’s participation at the high visibility event in Cityscape Abu Dhabi follows its earlier success at this year’s edition of Arabian World Construction Summit and the Abu Dhabi Economic Forum.

Source: Trade Arabia News

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