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Ashrafieh reaching higher A study recently conducted by Al Iktisad Wal Aamal magazine on real estate projects in the Achrafieh area of Beirut showed that there are currently 91 projects under construction, of which 88 are residential buildings. These add up to 1,366 floors, and 1,988 apartments with an overall area of 804,452 square meters. The selling value of the projects amounted to more than $2.8 billion, said the study, with numbers being supplied by developers of the projects.  Some 47 percent of the developments are located in the areas of Sioufi, Hotel Dieu, Sodeco, and Nasrah. More than 25 percent are located in Sassine, Mar Mtr, and Fern el Hayek, while 16.5 percent are in Al Rmel, Modawar, Jeitawi, and Karm el Zaytoun. The remaining 11 percent are located in St. Nicolas, Al Saifi, Tabaris, and Sursock. Only six projects have been completed and handed over while most of