Real Estate Prices- March 2014

The prices, which many deem relatively high, maintained stable levels and forecasts differ on whether they will take on an upward trend or remain unchanged.

Tables 1 and 2 illustrate the prices of some estates and apartments sold in March 2014.

Prices of some estates sold in February 2014

Table 1

Region

Area m2

Price (USD)

USD/m2

Beirut

Adlieh

550

3,520,000

6,400

Ashrafieh (Azarieh)

240

2,184,000

9,100

Ain Mreisseh

300

3,900,000

13,000

Baabda

Hazmieh

620

1,240,000

2,000

Matn

Monteverde

850

1,062,500

1,250

Ain Saadeh

3,100

2,170,000

700

Qornat Chehwan

980

803,600

820

Broumana

1,000

750,000

750

Aley

Abadieh

1,500

375,000

250

Bshamoun

1,100

550,000

500

Aley

980

539,000

550

Kessrouan

Ballouneh

820

943,000

1,150

Ajaltoun

1,350

364,600

270

Faraya

1,650

660,000

400

Source: Compiled by Information International.

Prices of some apartments sold in March 2014

Table 2

Region

Area m2

Price (USD)

USD/m2

Beirut

Ramlet el-Bayda

350

1,540,000

4,400

Rmeil

120

288,000

2,400

Gemmayzeh

145

282,750

1,950

Zqaq el-Blat

150

255,000

1,700

Burj Abi Haidar

180

360,000

2,000

Verdun

270

810,000

3,000

Ras el-Nabee

200

400,000

2,000

Baabda

Yarzi

250

725,000

2,900

Hazmieh

150

292,500

1,950

Hazmieh

300

870,000

2,900

Baabda

220

462,000

2,100

Hadath

(Hay el-Amerkan)

160

296,000

1,850

Ain el-Roummaneh

130

184,600

1,420

Ghoubairy

120

168,000

1,400

Matn

Rabwi

250

275,000

1,100

Awkar

180

180,000

1,000

Mansourieh

170

323,000

1,900

Ain Saadeh

150

232,500

1,550

Dbayeh

165

288,200

1,750

Monteverde

210

382,200

1,820

Antelias

130

188,500

1,450

Aley

Choueifat

250

350,000

1,400

Aramoun

150

105,000

700

Bshamoun

120

120,000

1,000

Doha Hoss

200

320,000

1,600

Khaldeh

180

216,000

1,200

Kessrouan

Jounieh (Ghadeer)

200

300,000

1,500

Haret Sakhr

150

165,000

1,100

Adoniss

170

214,200

1,260

Source: Compiled by Information International.

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