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Additionally, the inflated home prices are leading to an increase in rental prices, further increasing inflation and decreasing the real income of the Lebanese living in Lebanon. Other Lebanese who are end-buyers (e.g. not thinking of reselling their home) are committing to long term and risky loans in order to repay their mortgage.
Beirut came in first place regionally and 10th place internationally in a 2010 study by "EuroCost International" about the rental markets for high quality housing. [179] [180] Beirut is an international hub of highly active and diverse nightlife with bars, dance bars and nightclubs staying open well past midnight.
Prostitution also occurs in 'bars', especially in the Hamra area of Beirut and in Maameltein. The bars are licensed, but not for prostitution. The bars are licensed, but not for prostitution. They usually have 'secret' rooms at the back and the women, mostly Egyptians, Syrians and Sudanese, are controlled by a "Mom".
A crater in Dahieh in 2008, two years after the 2006 Lebanon War. Hezbollah's television station, Al-Manar, was targeted in the area. [1] [9]Hours after the August 14, 2006, ceasefire, Hezbollah pledged to reconstruct houses for the residents of Dahieh, and offered rent money for the period in which they were being built.
Due to the numerous sidewalk cafes and theatres, Hamra Street was the centre of intellectual activity in Beirut during the 1960s and 1970s. [1] Hamra Street was known as Beirut's Champs Elysées, as it was frequented by tourists all year round. Before 1975, Hamra Street and the surrounding district was known as Beirut's trendiest.
The rent-gap theory was developed in 1979 by the geographer Neil Smith as an economic explanation for the process of gentrification.It describes the disparity between the current rental income of a property and the potentially achievable rental income.
Le Commodore Hotel Beirut, also known as the Beirut Commodore Hotel, Hotel Commodore, or simply the Commodore is a five-star luxury hotel located on Rue Baalbek in the Hamra district of Beirut in Lebanon.
Rue Monot in the morning, looking East towards Sodeco Square. Rue Monnot (Arabic: شارع مونو), is a street in Beirut, Lebanon.It is located east of Beirut Central District, in the Sodeco neighborhood of the Achrafieh district, and named after Father Ambroise Monnot, a French Jesuit who founded the Saint Joseph University of Beirut in 1875.
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