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by Executive Editors February 21, 2011

written by Executive Editors February 21, 2011

Large price tag, small apartment In a study comparing the 2010 prices of 120-square-meter apartments across 92 cities, Beirut came in highest in the Arab world, and 33rd overall. That’s a steep rise from 52nd place in 2009. As a study on property investment, the Global Property guide looked at high-end apartments in selected areas of the world’s cities that are available for resale. The study collected prices of apartments in Ashrafieh, Verdun, Ramlet El Baida and the downtown district, among others. The study placed Beirut and Tel Aviv at the top of the Middle East and North Africa region for their price-to-rent ratio, or the number of years required for rent paid to equal the property’s sales price. Up from 24 years in 2009, it now takes and average of 30 years. Squatters’ scuffle Albert Abela, a Lebanese man living in London and chairman of Abela Group, most famous

Executive Editors

Executive Editors are the collective voice of the magazine. Stories written by Executive Editors are the culmination of discussions, brainstorming, research and information-gathering by our editorial team. Over decades, our editorial team has applied a blend of seasoned expertise and a discerning eye to bring you insightful and engaging and substantive reads that eschew sensationalism.

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