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View of Zaytuna Bay. (Credit: Mohammad Yassine/L'Orient-Le Jour) Add as preferred on Google 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... You have reached your article limitStay informed about a Middle East in crisis.Subscribe for $0.5/month for the first 3 months. Subscribe now Log in This article is only available to L’Orient Today subscribers. Subscribe now Log in Create a free account to continue reading this article. You’ll also receive The Morning Brief, our must-read daily digest of Middle East news. Opt out anytime Email Address Password Email Address Password I would like to receive special offers from L'Orient Today as well as selections of the best articles. Register By creating an account, you agree to the terms and conditions of use and our privacy policy. Register Or register with: Facebook
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