Browsing Tag

Saifi

Beirut Central District Special

Saifi village

One of the earliest residential neighborhoods to be completed at the reconstruction of Beirut Central District (BCD) at the end of the 1990s, Saifi Village was a quasi pilot project to test the potential of downtown Beirut. Located at the south-eastern end of BCD, in the old carpenters’ quarter of Said Akl Street, Saifi Village is a highly atypical residential  neighborhood of Beirut. Well restored and immaculately planned, Saifi Village is unique in Beirut. It was immensely popular and vacancies were extremely rare. However, despite its many advantages, Saifi  Village is not totally unaffected by the general slowdown in the real estate market of Beirut. Selling prices are stable (sometimes on a slight decrease), rental values are dropping, more and more retail units stand vacant, and two projects have been altered or put on hold.

Continue Reading

Beirut Central District Special, Ramco's Quarterly

Small Apartments

One of the earliest residential neighborhoods to be completed at the reconstruction of Beirut Central District (BCD) at the end of the 1990s, Saifi Village was a quasi pilot project to test the potential of downtown Beirut. Located at the south-eastern end of BCD, in the old carpenters’ quarter of Said Akl Street, Saifi Village is a highly atypical residential  neighborhood of Beirut. Well restored and immaculately planned, Saifi Village is unique in Beirut. It was immensely popular and vacancies were extremely rare. However, despite its many advantages, Saifi  Village is not totally unaffected by the general slowdown in the real estate market of Beirut. Selling prices are stable (sometimes on a slight decrease), rental values are dropping, more and more retail units stand vacant, and an altered or held up project.

Continue Reading

Beirut Central District Special

Southern Periphery

Some fifteen years after the development of Solidere, the southernmost strip of BCD counts 13 vacant plots near the Ring Road (Fouad Chehab Boulevard). The area’s sagging popularity is in clear contrast with the residential boom of Wadi Abou Jmil or Minet el Hosn, where several projects are currently taking place and many others have been completed. On the contrary, only six projects are under way in southern BCD, five of which are located in the area of Saifi Village and one in Zokak el Blatt. That it should be lagging behind other areas of BCD is not surprising, as Southern BCD sits across a very busy, noisy, polluted highway that seperates it from some of the poorest residential neighborhoods of Beirut, such as Bachoura and Zokak el Blatt. Once the rest of BCD is fully developed, the Southern strip will have its turn.

Continue Reading