Solidere's A-share traded at $15.50 on Friday, a fall of 60 percent since its July 2008 peak of $40.
"There is no doubt that Solidere's share, in spite of the share drop... its value is secure," Mounir Douaidy, Solidere's general manager and chief financial officer said in a speech at an economic conference in Beirut.
"And it will definitely bounce back in the coming period to reflect the real value of assets."
Douaidy also said that Solidere's projects outside of Lebanon are continuing. Solidere International, partly owned by Solidere, and the UAE emirate of Ajman are jointly developing the $60 billion Al Zorah project.
"We have no liquidity problems, we have no debt problems, we have very sound portfolio of sound receivables. We have a solid balance sheet," Douaidy said on the sidelines of the conference.
The real estate sector in the Gulf, especially Dubai, has been hit by falling property prices, and developers have slowed or canceled projects. Thousands of redundancies have already been slashed in the once-booming sector in Dubai.
Douaidy, however, said Solidere had not been hit by falling demand in real estate in Lebanon. "The element of demand basically comes to a large extent from inside Lebanon, or from Lebanese expatriates... Therefore the demand is there and permanent."
Goldman Sachs said on Wednesday that the UAE real estate market is likely to remain under pressure in the near term due to weaker economic activity, slower population growth and tight liquidity.
Douaidy said he also expected property prices to rise: "The reason why prices have not fallen in Lebanon goes back to the nature of developers, who generally fund a large part of their projects' cost from downpayments of first buyers.
"Therefore they have the ability and readiness to wait and hold on to their prices until they get the desired price, especially in light of permanent demand."
Solidere reported 2008 first-half net profit of $83 million, a 37 percent rise, and has said it expected its full-year profit to surpass 2007's $156 million.
Asked about the company's outlook for 2009, Douaidy said:
"We will continue to build our profits and good results as we go forward and I think the potential is always there."