It isn’t surprising anymore to read about Beirut being ranked among the most expensive cities in the world.
The 2012 survey of the world’s most expensive retail rental locations by property consultants Cushman & Wakefield ranked Beirut as the 36th most expensive city among 62 cities worldwide, the second most expensive city among seven cities in the Middle East & Africa region, and the most expensive among five Arab cities. Source
It’s interesting though that the report lists the retail rent per location in Beirut compared to other places in the region.
The ABC Achrafieh ranked as the third most expensive location in the region at $2,000/month, followed by Kaslik Street in 10th place at $1,500/month, Verdun Street in 12th place at $1,400/month, the Beirut Central District in13th place at $1,200/month, and Hamra Street in 19th place at $850/month. (All figures are as at June 2012)