Achrafieh is one of the oldest residential and commercial Beiruti districts, located in Eastern Beirut alongside the shore. This district has been known for its restaurants and cafes, narrow streets, art galleries, workshops, hospitals, hotels and shopping centers. Achrafieh has also been a prime touristic attraction and a prime location for investment in Lebanon.
Renting an apartment rather than buying one might be the best choice for you given your residential needs and financial situation. If you opt to reside in the apartment for no more than 3-5 years, then there’s a high chance that you may lose money upon re-selling the apartment. This is because the real estate market in Lebanon fluctuates often.
On the other hand, if you’re willing to settle in an apartment for long enough, yet don’t have the required amount of money, or would rather try living in an apartment for a while before making a big investment, renting might be the best choice for you.Experts recommend that you don’t allocate more than 34% of your monthly income on rent and housing, so do your calculations and set a clear budget for yourself to save yourself future financial trouble.
What to Expect
You can find an apartment for rent in Achrafieh for a minimum of a $1,000 per month and an area of around 90sqm. On the other hand, if you’re looking for a bigger apartment that would suit your big family, you can find an apartment as big as 600sqm for around $10,000 per month.Big apartments for rent in Achrafieh often come with built-in wardrobes, 24/24 concierge, high security, a private gym, more than two parking spots for you and your visitors, and sometimes a laundry room and a private garden. If you have a look at luxurious apartments for rent in Koraytem for example, you will notice that both areas offer very similar standards of apartment finishing.On the other hand, If you’re looking for something in between, you might find apartments for rent in Achrafieh of around 250sqm for $3000 per month.Furnished apartments for rent in Achrafieh are also available for a monthly rental fee between $1,000 and $5,500.
There’s no doubt that rental fees vary depending on the apartment’s location, area and amenities provided. If you’re looking a luxurious apartment for rent in Achrafieh, then you might want to look for apartments in Sursock, Tabaris and Saifi for example. The most expensive streets to find an apartment for rent in Achrafieh at are Sursock, Georges Haimari, Georges Haddad, Wadih Naim, Lebanon Street, Najib Trad and Ghandour Saad.
With your budget and list of criteria in hand, go online and search for “Achrafieh apartments for rent”. Narrowing down your search results will save you lots of time and will help you find the right apartment faster. Make sure to conduct a general inspection for the apartments that you are interested it, and don’t hesitate to ask the involved parties important questions that can play a major role in choosing the right apartment for rent.