Korkmaz Group, founded by Chairman Charbel Korkmaz in 1985, (Cybele Real Estate at that time) thrived and succeeded in becoming one of the leading Real Estate & Consulting firms in the country. Cybele Real Estate was first established in Beirut as a Real Estate Consulting firm yet to quickly expand its range of activities to including Real Estate Development, Property Management and all other real estate services.

Later in 2012, Korkmaz Grp has been founded to include Cybele (Real Estate Consultancy, Appraisal and Property Management), Korkmaz Estates (Real Estate Development, Selling and & Purchase) and Korkmaz EC (Engineering and Contracting).