View of Zaytuna Bay. (Credit: Mohammad Yassine/L'Orient-Le Jour)
The security situation in recent months has not affected the dynamics of the real estate market in downtown Beirut. "The luxury sector thrives regardless of the crisis," says Antoine Abu Rizk, a real estate consultant. This trend has driven prices steadily higher since 2024, a pivotal year marked by the war between Hezbollah and Israel, with annual price increases of 10 to 20 %.“In the most sought-after buildings, some apartments with sea views are now listed at more than $10,000 per square meter. This symbolic threshold is no longer an exception,” says Ziad Maatouk, a real estate expert and founder of ZM Properties. Around Zaitunay Bay and the Saint-Georges Marina, a 675-square-meter apartment is listed at $10,370 per square meter. In just two years, the value of a 900-square-meter property has risen from $7 million to $9...
The security situation in recent months has not affected the dynamics of the real estate market in downtown Beirut. "The luxury sector thrives regardless of the crisis," says Antoine Abu Rizk, a real estate consultant. This trend has driven prices steadily higher since 2024, a pivotal year marked by the war between Hezbollah and Israel, with annual price increases of 10 to 20 %.“In the most sought-after buildings, some apartments with sea views are now listed at more than $10,000 per square meter. This symbolic threshold is no longer an exception,” says Ziad Maatouk, a real estate expert and founder of ZM Properties. Around Zaitunay Bay and the Saint-Georges Marina, a 675-square-meter apartment is listed at $10,370 per square meter. In just two years, the value of a 900-square-meter property has risen from $7 million to...
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