Apartment prices in Beirut in 2021: How much is an apartment in Ras Beirut?

This is part II of a three-part series on property prices in Beirut. Part I focused on Achrafieh, and the final part will focus on Downtown Beirut. 

In Ras Beirut, two major trends prevail. Expats tend to be interested in apartments with a waterfront view, while investors seek smaller properties, such as studios in Hamra.

Most of the apartments listed in the northern part of Hamra can be found mainly along Makhoul, Souraty and Sadat streets. The apartment prices along Makhoul St., just meters from the American University of Beirut campus, range from $2,700 to $3,200* per square meter. In 2019, the same properties cost $3,500–$4,000 per square meter if paid for in banker’s checks, which following the economic crisis’ onset became one of the only ways for Lebanese to access their dollar deposits as commercial banks began implementing informal capital controls.

This d...
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