Beirut Real Estate comprises consultancy services, property dealings in apartments, land areas and many more.
Beirut real estate forms an integral part of the economy of Lebanon. The Lebanese capital is considered to be one of the most expensive cities among the countries in Africa and Middle East. It was therefore also referred to as the 'Pearl of Orient' in the ancient days.
Beirut Real Estate Scenario
The Beirut real estate business has attained a new dimension with research based property valuation, which is why many investors including small and big industrialists are attracted to the real estate deals in Beirut. Within easy reach from the Arab countries, Lebanon proves to be a haven for real estate investors who find it as a prospective economic hub. With construction business at its full bloom in Beirut, property prices in the city are sky high. Some of the best areas for commercial real estate business in Beirut include the Beirut Central District, which is an important financial hub of the country. This region in Beirut houses some of the most important offices and corporate buildings. Some of the other important areas include:
- Adlieh
- Ashrafieh
- Sioufi
- Furn El Hayek
- Chroniche El Nahr
- Ghabi
- Sodeco
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Evaluating Property in Beirut
With high demand for rental apartments in Beirut, the real estate deals in the city have gained a huge boost. About 70 % of the people in Beirut like to invest their money in private properties like homes and residential apartments. Some of the most opted areas in Beirut include Sin El Fil, Sofar and many more.
Apartments in places like Sin El Fil can cost up to $1000 per square meter. Apartments with a surface area of 175 square meters have prices that range up to $150,000. Two months seasonal rent of apartments in posh areas like the Bhamdoun can range from $5000 to $6000. Areas like Sofar have considerably low property prices. Land areas that are close to the main road can cost up to $100 to $150 per square meter. Land prices in the commercial district of Bhamdoun can range from $ 1000 per meter square to $1500 meter square.
Beirut real estate agents
Before endorsing into real estate dealings in Beirut, it is important to take the guidance of the real estate agents in the country who could guide you on various property deals, depending on their location and condition. Some of the important real estate agents in Beirut include:
- SODECO Gestion Sal
- Operators SalPROJECTS DEVELOPMENT
- Antoine N. Abou Rizk
- Honest Associate
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