BUSINESS OPPORTUNITIES
IN LEBANON – YEAR XI
Real Estate In Greater Beirut
1
Outline
• Methodology
• General Indicators
• Supply/Demand
• Price Evolution
• Conclusion/Future Outlook
2
Methodology
Methodology
• InfoPro Databases
– Project Monitor
– Classified Ad Monitor
– Properties (bi-annual magazine)
• InfoPro Surveys
• Desk Research
4
Methodology
- Limitations • Street to street
• Floor levels
• Quality of amenities
• Construction stage
• View
5
General Indicators
General Indicators
•
Real Estate Transactions
CAGR: +3.5%
9% decrease
7
General Indicators
•
Real Estate Transactions
4% decrease
CAGR: +12.78%
8
General Indicators
•
9
Real Estate Transactions
General Indicators
•
10
Real Estate Transactions
General Indicators
•
Construction Permits
CAGR: +5.15%
11% decrease
11
Supply/Demand
Supply/Demand Overview
Administrative Beirut
Size
13
Supply
Demand
Ashrafieh
BCD
Ras
Beirut
Mazraa
Mousseitbeh
1
Mousseitbeh
2
Up to 99
4%
1%
3%
2%
1%
0%
100 – 149
14%
1%
4%
48%
17%
1%
150 - 199
24%
15%
11%
32%
39%
6%
200 - 249
18%
23%
28%
9%
39%
10%
250 - 299
14%
17%
10%
4%
4%
23%
300 - 349
11%
6%
12%
2%
0%
18%
350 - 399
5%
7%
7%
1%
0%
16%
400 - 449
4%
13%
5%
1%
0%
5%
450 +
6%
16%
20%
0%
0%
20%
Supply / Demand Overview
14
Area
Sales
Ashrafieh
48%
Beirut Central District
53%
Mousseitbeh 1
51%
Mousseitbeh 2
70%
Mazraa
69%
Ras Beirut
55%
Future Supply
Administrative Beirut – Number of units to be delivered
2741
15
2129
993
Price Evolution
Price Evolution
CAGR: +14%
CAGR: +12%
Y-o-Y: +8%
Y-o-Y: +0%
17
Select Areas Highlights
Gemmayzeh:
Average Price: $ 4,350
Sodeco:
Average Price: $ 4,100
Rmeil:
Average Price: $ 3,275
Sursock:
Average Price: $ 5,150
Furn El Hayek:
Average Price: $ 3,900
Sassine:
Ashrafieh:
Average
Price: $ 3,750
Nazareth:
Average Price: $ 3,600
Average Price: $ 3,200
Hotel Dieu:
Average Price: $ 3,200
Sioufi:
Average Price: $ 2,900
18 18
Price Evolution
CAGR: +11%
Y-o-Y:1%
19
Select Areas highlight
Marfaa:
Average Price: $ 5,500
Minet El Hosn:
Bab Idriss:
Average Price: $ 8,200 Average Price: $ 7,300
Beirut Central District:
Average Price: $ 6,750Nejmeh:
Average Price: $ 6,950
Wadi Abou Jmil:
Average Price: $ 6,300
20 20
Saifi:
Average Price: $ 5,000
Price Evolution
CAGR: +17%
CAGR: +12%
Y-o-Y: +3%
Y-o-Y: +1%
21
Select Areas highlight
Zarif:
Average Price: $ 2,950
Aisha Bakkar:
Average Price: $ 2,800
Karakol El Druz:
Average Price: $ 2,950
Mousseitbeh 1:
Average Price: $ 2,850
Mar Elias:
Average Price: $ 2,875
22 22
Price Evolution
CAGR: +15%
CAGR: +13%
Y-o-Y: +1%
Y-o-Y: +4%
23
Select Areas Highlights
Koraytem:
Average Price: $ 4,300
Verdun:
Average Price: $ 5,000
Ain El Tineh:
Average Price: $ 4,700
Tallet El Khayat:
Average Price: $ 3,900
Mousseitbeh 2:
Average Price: $ 4,900
Ramlet El Baida:
Average Price: $ 6,300
Unesco:
Average Price: $ 5000
24 24
Price Evolution
CAGR: +16%
CAGR: +13%
Y-o-Y: +4%
Y-o-Y: -4%
25
Select Areas highlight
Bourj Abi Haidar:
Average Price: $ 2,350
Noueiri:
Average Price:
$ 2,200
Barbir:
Average Price: $ 2,250
Barbour:
Mazraa:
Average Price:
$ 2,350
Average Price: $ 2,400
Tarik El Jdide/Malaab Al Baladi:
Average Price: $ 2,225
Horch Beirut:
Average Price: $ 3,500
26 26
Price Evolution
CAGR: +11%
CAGR: +13%
Y-o-Y: +2%
Y-o-Y: -5%
27
Select Areas highlight
Hamra:
Average Price: $ 4,700
Ain Mreisseh:
Average Price: $ 6,000
Clemenceau:
Average Price: $ 4,300
Manara:
Kantari:
Ras Beirut:
Average Price: $ 5,500
Average Price: $ 5,075Average Price: $ 4,150
Sanayeh:
Average Price: $ 4,275
Raouche:
Average Price: $ 6,100
28 28
Growth Rates
Area
29
2011 to 2012
2012 to 2013
Ashrafieh
0%
0%
Beirut Central District
0%
1%
Mousseitbeh 1
3%
1%
Mousseitbeh 2
-6%
4%
Mazraa
6%
-4%
Ras Beirut
4%
-5%
Beirut Suburbs
Area
Average Price per sqm
(old apartments)
Average Price per sqm
(New apartments)
Ain Saadeh
$1,600
$2,000
Antelias
$1,750
$1,950
Aramoun
N/A
$1,250
Baabda
$2,200
$2,600
Bchamoun
$1,250
$1,350
Daouhet Aramoun
$1,300
$1,400
Daouhet El Hoss
$1,750
$1,900
$,1800
$1,800
Dbayeh
30
Beirut Suburbs
Area
31
Average Price per sqm
(old apartments)
Average Price per sqm
(New apartments)
Hadath
$1,575
$,1600
Hazmieh
$1,800
$2,350
Jdeideh
N/A
$1,750
Khaldeh
$1,200
$1,400
Mansourieh
$1,650
$1,750
Monte Verde
N/A
$2,600
Naccache
N/A
$1,850
Rabieh
N/A
$1,850
Yarzeh
$3,200
$3,500
Conclusion
Conclusion
• Will there be future repercussions on supply and
demand due to the current political situation?
• How will shrinking supply of land in major cities affect
the real estate sector?
• What are the future booming areas?
33
THANK YOU