For those of you who like the changing Beirut skyline, you maybe interested to know that there is another tower coming up (for those of you who don’t like the “down with the old, build the new” craze, you might want to turn away):

Dubai developer Damac Properties on Friday announced the launch of Damac Tower in Lebanon, a project in collaboration with Italian fashion giant Versace. The 28-storey luxury tower is slated for completion in 2013 and will be built in downtown Beirut. Apartments in the tower will start from $700,000.

ArabianBusiness.com: An artist's impression of the joint Damac/Versace project in Lebanon.

ArabianBusiness.com: An artist's impression of the joint Damac/Versace project in Lebanon.

Update – July 11, 2010: Zetas Apex Foundation Technologies has been appointed by Damac to handle the enabling works which will require 9 months to complete.