Waterfront City Dbayeh appoints Lebanese contractor, A. R. Hourie, to commence the second phase of the project

16/05/2015

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Two Areas Full of Luxury Apartments for Sale in Lebanon

Waterfront City Dbayeh Lebanon, the 250,000 m² master-planned community located on the 700-berth La Marina Joseph Khoury, announced today the appointment of A. R. Hourie as a main contractor for the construction and delivery of the residential plots of “The Piazza and Boulevard” districts.

This marks an important milestone for the progress of Waterfront City project, endorsing the strong foundations of the project in all of its phases, and the continuous faith in Lebanon as a country resilient to all its challenges.

Investing in real estate in Lebanon led both Waterfront City and A.R. Hourie to mutually sign contracts to commence enabling works, on the anticipated “Piazza and Boulevard” Residences aiming to be delivered by 2018. These two new residence will offer more houses and apartments for sale in Lebanon for people to experience a new lifestyle.

Already 80% of this second phase is sold to buyers who are mainly Lebanese, a majority of which are living in Lebanon and some abroad. These unique districts will comprise of eight buildings with approximately 282 units and they will be adjacent to the main restaurants and the marina area with its vast array of retail and leisure choices, offering tenants and visitors an unravelled contemporary lifestyle within these living environments.

Mr. Samer Bissat, Senior Development Director at Waterfront City Majid Al Futtaim Properties- Communities commented on this occasion: “We have diligently studied several proposals from contractors who were interested to partner with us in building Waterfront City. The appointment of A. R. Hourie as our contractor for the “Piazza and Boulevard” Residences is a well- earned partnership, with a clear understanding of our vision and needs, as well as their track record of quality delivery. A. R. Hourie has proved its merit on a number of projects across the country and we are confident they will meet and exceed our standards that have been set for this project, including the LEED, BREEAM and ARZ building standards.”

Speaking on behalf of A. R. Hourie Enterprises, Mr. Ramzi Salman, CEO, stated: ‘’A. R. Hourie and Waterfront City share a belief in the positive development of Lebanon and have confidence in its resilience amidst the regional circumstances. We are committed to building the Piazza and Boulevard residences to the standard of excellence and aim to deliver with the high level of professionalism that A. R.Hourie has offered its clients for the past 50 years.’’

The second Phase of the project will comprise of 6 buildings in total, with residences ranging in size from 75 to 200 m².

A competitive offering of 1 to 4 bedroom apartments will be developed in The Piazza with 105 units, with a large green patio that adds a feel of serenity and tranquillity.
As for the Boulevard, 177 units will range from1 to 3 bedroom apartments, offering contemporary living spaces, including courtyards with secure play areas for children.

Waterfront City Dbayeh is a mixed-use community project, located on the Mediterranean Sea, 15 kilometres from the capital, Beirut. The growing city offers quality residential, retail, hospitality and business opportunities designed to reinforce Lebanon’s position as an economical hub and the regional beacon of progress.