There have been a number of Iranians among the injured, reports say.
The blast caused damage to several houses and cars in the area and sent a large plume of smoke billowing across the skyline.
The terrorist group Abdullah Azzam Brigades has claimed responsibility for the twin bomb attacks.
The Lebanese capital has been hit by several deadly bomb attacks over the past few months.
At least 25 people, including Iran’s cultural attaché to Beirut, were killed and more than 150 others injured in November last year after two explosions struck near the Iranian Embassy in southern Beirut.
Abdullah Azzam Brigades also has been behind the twin bomb attacks.