New immigrants purchase Tel Aviv seafront dwelling for NIS 70m
In an enormous actual state deal in Tel Aviv, a 400 sq. meter condominium within the Herbert Samuel 10 seafront challenge has been bought for NIS 70 million.
Webayit actual property company dealer Yehuda Marciano stated that the 400 sq. meter, nineteenth ground condominium additionally has a 60 sq. meter balcony. The deal displays a value of NIS 160,000 per sq. meter.
He provides that the patrons are overseas residents who immigrated to Israel not too long ago and see the condominium as their new dwelling.
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“It is a comparatively intimate constructing, with solely 27 residential residences,” says Marciano, “and it has a guard, a pool and a health club. The value per sq. meter is excessive however acceptable for the shoreline. Nevertheless, it takes braveness to purchase residences like this at a time like this. Sirens sounded thrice throughout the signing.”
The upkeep value of the tower is excessive, at simply over NIS 10,000 monthly in administration charges. This can be a distinctive deal by any normal: In keeping with the Israel Tax Authority, three of those residences had been bought in Tel Aviv final 12 months for greater than NIS 40 million every, though extra residences might have been bought that haven’t but been reported.
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 16, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
