Lebanon: Gulf Arabs Sell Off Local Properties | Al Akhbar English

Major investors and real estate owners started to put up their properties for sale. (Photo: Bilal Jawich)

Starting a year ago, Gulf Arabs who own a substantial amount of real estate in Lebanon started selling off their property, ahead of what appears to be a full economic withdrawal driven by political motives.

Lebanese real estate agents have noted that beginning a year ago, Gulf Arabs – be they property investors, owners, or regular tourists in Lebanon – began to slowly withdraw from the country.

Even though the local real estate market has declined over the past few years, it has not prevented Gulf citizens from selling off their properties.
Lebanon: Gulf Arabs Sell Off Local Properties | Al Akhbar English