Lebanon aims to attract more real estate consumers from member countries of the Gulf Cooperation Council (GCC), The Daily Star reported on Thursday.

"A lot of Gulf Cooperation Council nationals have taken Lebanon as a second home, some of our clients spend at least nine months here," Ramy al-Zein, a marketing representative for Dubai Islamic Bank subsidiary Deyaar Properties said at an exposition on investment and real estate.

The annual Dream Development and Real Estate meeting along with the Banks and Insurance exposition were inaugurated Wednesday by Lebanese Tourism Minister Joseph Sarkis in the Lebanese capital Beirut.

Zein said that the UAE-based Deyaar Properties has been investing in high-end residential properties in Lebanon to meet the high demand among Gulf nationals, adding that two exclusive villa compounds and another upscale apartment complex were under construction.

"Because of prices and the way the facilities and buildings were designed, we hope to attract mostly GCC nationals," Zein said.

More than 40 banks, insurance and real estate firms as well as media outlets from across the Middle East region attended the exposition.

Source: Xinhua