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Lebanon: House Prices, Rents, and Rental Yields

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Last Updated: Oct 01, 2007

Yields are moderate at 6.2% in central Beirut

Last Updated: Oct. 1, 2007
BEIRUT 1- Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
150 sq. m. 185,550 1,154 7.46% 1,237 7.69
200 sq. m. 294,400 1,550 6.32% 1,472 7.75
250 sq. m. 384,000 2,038 6.37% 1,536 8.15
300 sq. m. 462,600 2,460 6.38% 1,542 8.20
350 sq. m. 602,000 3,164 6.31% 1,720 9.04
400 sq. m. 756,400 3,728 5.91% 1,891 9.32
450 sq. m. 878,850 4,226 5.77% 1,953 9.39
500+ sq. m. 1,087,000 4,715 5.21% 2,174 9.43
1 Ashrafieh, Centre Ville, Hamra, Jnah, Ramlet El Baida, Ras Beirut & Verdun
Source: Global Property Guide

Recent figures show that Beirut yields have dropped to 6.2% on the average from 10.2% by the end of 2004. Smaller apartments can get higher yields up to 7.46% for 150 sq. m. Yields can go as low as 5.21% for apartments of 500 sq. m. and bigger.

Apartments are priced at an average of US$1,690 per sq. m. Price increases as apartment size gets larger. A 500-sq. m. apartment can sell for around US$2,174 per sq. m.

 

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