Real Estate Prices- May 2014

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

Prices of some estates sold in May 2014

Table 1

Region

Area (m2)

Price (USD)

USD/m2

Beirut

Hamra

800

14,400,000

18,000

Ashrafieh (Monot)

610

7,930,000

13,000

Ashrafieh (Gemayzeh)

520

9,100,000

17,500

Sodeco

1,020

14,280,000

14,000

Badaro

725

3,915,000

5,400

Baabda

Furn el-Chebbak

850

4,165,000

4,900

Hadath

900

1,125,000

1,250

Hazmieh

750

2,025,000

2,700

Matn

Mazraat Yashouh

1500

1,200,000

800

Monteverde

1000

1,200,000

1,200

Beit Mery

2,000

2,000,000

1,000

Broumana

1,420

1,207,000

850

Aley

Choueifat

1,700

850,000

500

Aley

1,300

390,000

300

Kessrouan

Kfardebian

500

250,000

500

Adma

1,250

1,500,000

1,200

Qoulayaat

1,000

350,000

350

Source: Compiled by Information International

Prices of some apartments sold in May 2014

Table 2

Region

Area (m2)

Price (USD)

USD/m2

Beirut

Ashrafieh

185

462,500

2,500

Ashrafieh (Rizk)

160

464,000

2,900

Saifi

100

280,000

2,800

Sioufi

220

616,000

2,800

Mar Elias

175

455,000

2,600

Basta Tahta

100

180,000

1,800

Sanayeh

180

459,000

2,550

Baabda

Hazmieh (Mar Taqla)

200

400,000

2,000

Hazmieh (Mar Taqla)

160

368,000

2,300

Hadath (Al-Amerkan)

170

272,000

1,600

Yarzi

280

728,000

2,600

Jomhour

210

294,000

1,400

Furn el-Chebbak

120

216,000

1,800

Ain Roummaneh

150

315,000

2,100

Matn

Ain Saadeh

110

209,000

1,900

Roumieh

230

287,500

1,250

Antelias

170

272,000

1,600

Beit Mery

180

288,000

1,600

Monteverde

240

540,000

2,250

Mansourieh

180

255,600

1,420

Aley

Bshamoun

210

304,500

1,450

Aramoun

100

100,000

1,600

Khaldeh

200

220,000

1,100

Aley

120

120,000

1,000

Doha Aramoun

140

168,000

1,200

Kessrouan

Adonis

140

189,000

1,350

Adma

160

336,000

2,100

Zouq Mosbeh

150

210,000

1,400

Jounieh

200

300,000

1,500

Source: Compiled by Information International

Real estate movement in the first quarter of 2014

The number of real estate transactions in the first quarter of 2014 reached 15,834, worth USD 2.1 billion, compared to 13,619 transactions at USD 1.5 billion during the same period last year.

The total transactions in 2013 amounted to 69,198, worth USD 8.7 billion.

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