Property might still be going strong in Lebanon, but Solidere’s first venture into the ‘real world’ has hit a snag:

Al Zorah, a mixed-use coastal development planned by the Ajman Government and Solidere International, the overseas arm of Lebanon’s largest property developer, has been scaled back because of the economic downturn.
[…]
Only the components of the project closest to the seafront, such as the downtown area, the hotel district and a championship golf course, will now go ahead.

So the possibility of Solidere expanding to areas outside Beirut Central District may be true with their first overseas project faultering.

Photo from Overseas Property Mall

Photo from Overseas Property Mall