Apartment for Sale in Ramlet El Bayda – 375 SQM | Veraluxe
Description
Spacious Apartment for Sale in Ramlet El Bayda, Beirut – 375 SQM | Veraluxe
A spacious apartment requiring renovation is offered for sale in Ramlet El Bayda, Beirut. Located on the sixth floor, the residence provides 375 sqm of internal living space and approximately 450 sqm including common areas.
The apartment features four bedrooms, two reception salons, a dining room, balconies, two parking spaces, two elevators, and an artesian water supply. Its generous proportions offer buyers the opportunity to redesign and renovate a substantial family residence in one of Beirut’s established coastal neighborhoods.
Property Details
- Location: Ramlet El Bayda, Beirut
- Transaction: Sale
- Property type: Residential apartment
- Floor: Sixth
- Building age: Approximately 40 years
- Internal living area: 375 sqm
- Total stated area including common sections: 450 sqm
- Four bedrooms
- One master bedroom
- Two bathrooms
- Two formal salons
- Separate dining room
- Spacious kitchen
- Helper’s room
- Balconies
- Two parking spaces
- Artesian water well serving the building
- Two elevators
- Apartment requires maintenance and renovation
- View, electricity arrangements, heating, cooling, storage, generator availability and parking-title status: to be confirmed
Asking Price
USD 650,000
Price Analysis
| Calculation basis | Result |
| Price per internal living sqm | $1,733.33/m² |
| Price per sqm including common sections | $1,444.44/m² |
| Total asking price | $650,000 |
Calculation:
- $650,000 ÷ 375 living sqm = $1,733.33 per living sqm
- $650,000 ÷ 450 gross sqm = $1,444.44 per gross sqm
Current advertised comparables in Ramlet El Bayda include approximately:
- 400 sqm at $1,200,000
- 400 sqm at $1,500,000
- New 450 sqm apartment at $1,950,000
- Newer 450 sqm sea-view apartment at $1,400,000
These properties differ significantly in condition, age, finishes, bathrooms, views, parking, electricity, and building services. They are asking prices, not verified completed transactions. DoorEast
At $1,733 per internal square metre, the subject property appears positioned below many advertised Ramlet El Bayda listings. However, the discount partly reflects:
- The approximately 40-year building age
- The apartment’s need for renovation
- Only two stated bathrooms for four bedrooms
- Unconfirmed electricity and generator arrangements
- Unconfirmed view and exact position within Ramlet El Bayda
- Potential elevator, façade and common-area maintenance costs
The asking price should therefore be assessed together with a detailed renovation quotation and an engineering inspection.
Preliminary Renovation Scenarios
The following figures are hypothetical planning allowances, not contractor quotations:
| Renovation level | Assumed cost | Estimated renovation budget | Purchase plus renovation |
| Limited maintenance | $100/m² | $37,500 | $687,500 |
| Substantial renovation | $200/m² | $75,000 | $725,000 |
| High-specification renovation | $300/m² | $112,500 | $762,500 |
These allowances exclude acquisition expenses, structural repairs, major electrical or plumbing replacement, elevator contributions, façade works, permits, professional fees, furniture and unforeseen defects.
Indicative Rental ROI After Renovation
Current asking rents for approximately 400 sqm apartments in Ramlet El Bayda commonly appear around $3,000–$5,000 per month, generally for properties in good or premium condition with more bathrooms and stronger services. DoorEast
For this property, a more cautious post-renovation model is appropriate:
| Scenario | Assumed monthly rent | Annual gross rent | Yield on $650,000 purchase | Yield on $725,000 renovated cost* |
| Conservative | $2,500 | $30,000 | 4.62% | 4.14% |
| Moderate | $3,000 | $36,000 | 5.54% | 4.97% |
| Optimized | $3,500 | $42,000 | 6.46% | 5.79% |
*Assumes the substantial-renovation scenario of $75,000, excluding transaction costs.
Gross yield formula:
Annual gross rent ÷ total investment × 100.
These are marketing scenarios rather than guaranteed rental results. Net yield will be lower after vacancy, maintenance, building charges, insurance, management, taxes and capital replacement.
Who Might Be Interested?
- A family seeking a large residence in Beirut
- A buyer wishing to renovate according to personal preferences
- A Lebanese expatriate looking for a spacious Beirut home
- An investor targeting the premium family-rental market
- A designer or contractor able to manage a full renovation
- A buyer seeking large internal space at a lower entry price than newer Ramlet El Bayda properties
Target Audience and Marketing Approach
The campaign should target:
- Lebanese expatriates in the Gulf, Europe, Africa and North America
- Families upgrading from a smaller Beirut apartment
- Renovation-focused investors
- Architects, interior designers and developers
- Buyers familiar with Ramlet El Bayda and nearby Beirut neighborhoods
The strongest marketing angle is:
A 375 sqm renovation opportunity offering substantial family space, two parking spaces and a sixth-floor position in Ramlet El Bayda.
Marketing should include a measured floor plan, daylight photographs, balcony views, parking documentation and an indicative renovation concept. The advertisement should not imply a sea view unless verified through current photographs.
Due-Diligence Checklist
Before making a commitment, verify:
- Whether 375 sqm is the registered private area
- How the stated 450 sqm total was calculated
- The title deed and ownership shares
- Whether both parking spaces are registered or allocated
- Any mortgages, liens, seizures or legal restrictions
- Structural condition of the 40-year-old building
- Moisture, waterproofing, plumbing and electrical systems
- Elevator condition and maintenance records
- Building façade and common-area obligations
- Artesian-well legality, operation and water distribution
- Electricity, generator and subscription arrangements
- Municipal and building fees
- Exact renovation scope and contractor quotations
- Possibility of reconfiguring bathrooms, subject to technical approval
Whether balconies have been enclosed or modified legally
Overview
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ID 16008
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Type Apartment
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Bedrooms 4
-
Bathrooms 4
-
Garages 2
-
Size 375 m2
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Year Built 1980
Address
Open on Google Maps-
Country Lebanon
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Province/State Beirut
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City/Town Beirut
-
Neighborhood Ramlet El Bayda
Details
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