Apartment prices in Beirut in 2026: what an apartment in Achrafieh costs now

Back in 2021 we published a piece on apartment prices in Achrafieh, based on reporting by L'Orient-Le Jour and Ramco Real Estate Advisers. The numbers were painful to read. A 470 square metre luxury apartment near ABC Mall sold for 1,850 dollars per square metre, in fresh dollars, roughly half of what it would have fetched in 2019. Owners who did not need to sell simply did not.

Five years on, the picture has changed more than most people abroad realise.

What changed

The ceasefire that took effect in November 2024, followed by the election of a president and the formation of a new government, did what years of waiting could not. Demand for apartments in Beirut picked up quickly at the start of 2025 and has kept going. Construction sites that sat frozen since 2019 are working again, and developers are marketing new projects for the first time in years.

Where prices stand in Achrafieh

• Renovated apartments in the preferred parts of Achrafieh and Ras Beirut trade between 2,500 and 3,500 dollars per square metre, depending on the street, the floor and the building.
• Apartments that need work, in buildings that were not maintained through the crisis, still go for 1,000 to 1,500 dollars per square metre.
• Exceptional properties clear 5,000 to 6,000 dollars per square metre and more.
• Developers are answering the cash-only market with smaller units: studios and one-bedrooms of 75 to 90 square metres priced around 300,000 to 315,000 dollars.

Prices are clearly off the floor of 2021, but in many streets they remain below the asking prices of 2019. The market still runs almost entirely on cash. There is no bank financing to speak of, which is exactly why smaller, complete units are what moves.

What this means if you live abroad

If you are Lebanese and working in the Gulf, the same 300,000 dollars now buys you a choice. A new one-bedroom in Beirut, in a market that is recovering but still runs without banks. Or, for a similar amount in euros, an apartment in Athens that comes with permanent European residency for your whole family through the Greek Golden Visa. Many of our clients end up doing both, at different points in their lives.

We work in both markets, with our own teams in Beirut and Athens. If you want to talk through what your budget gets you in each, book a consultation and we will show you real apartments, not brochures.

Price data: L'Orient-Le Jour and Ramco Real Estate Advisers reporting on the Beirut market, May 2025, and LPI's own transactions. Figures are indicative and move with the market.