Beirut has second most expensive apartments in MENA, Dubai top
- Lebanon: Thursday, February 23 - 2012 at 10:39
According to the Global Property Guide, apartments in the Lebanese capital, Beirut, remain among the most expensive in the MENA region, and Lebanon's real estate trend is unlikely to remain sustainable, The Daily Star has reported. Beirut was ranked in 50th place in terms of the price of an average apartment. Regionally, Beirut ranked second only behind Dubai, according to the report. Beirut was ranked in 35th place globally and first place in the region in terms of the price-to-rent ratio. The city's average rent was $1,872 for a 150 sq m apartment, higher than the Arab average of $1,526 per month.
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