A 132 sq. meter, 5 room twentieth flooring condo with a 28 sq. meter balcony overlooking the marina in Ashkelon with an open view of the ocean has been bought for NIS 4.37 million.
The condo is within the Dimri Yama mission comprising three 24-floor towers on the junction of Yafe Nof and Moshe Dayan Streets. The towers are reverse the Marina Mall and the residences are anticipated to be occupied in February 2026. There are 5 residences on every of the primary 19 flooring and 4 residences on the twentieth to twenty fourth flooring. The mission has a health room, dry sauna, lounge for tenants with a small kitchen and furnishings and air-conditioned foyer.
In keeping with the Israel Tax Authority, residences within the mission have been promoting for NIS 28,000 per sq. meter with costs reaching NIS 40,000 per sq. meter within the smaller residences. This newest deal on the twentieth flooring represents NIS 33,000 per sq. meter.
The very best quantity paid within the mission was in one other tower the place a 177 sq. meter penthouse on the twenty fourth flooring with a 35 sq. meter balcony was bought for NIS 6.09 million.
Above the marina, there are residences that have been constructed over the seafront within the late Nineties and early 2000s. These tasks largely embody small 2-3 room residences, and costs are about NIS 18,000 per sq. meter. Newer, bigger residences in close by tasks attain costs of about NIS 20,000 per sq. meter.
Y.H. Dimri (TASE: DIMRI) VP advertising and marketing Amir Cohen says that the condo is very luxurious with a panoramic view of the ocean in three instructions, 150 meters from the seafront and that is what attracted the patrons.
He says, “The condo was purchased by a household of recent immigrants from the US. Not a younger couple, he works in high-tech and she or he is an architect with household in Israel. Within the first stage this will likely be a trip residence for them. Inside a couple of years they are going to turn into pensioners they usually plan to immigrate to Israel.”
The couple noticed the condo with an agent and inside per week they decided with the ocean view a prime precedence for them.
Cohen says, “We see a transparent pattern of accelerating curiosity from North America, and particularly on this mission. About 30% of the patrons are Individuals. Half of them intend to stay right here, and the remaining are buying trip residences to be used four-five months a yr.”
Actual property appraiser Erez Cohen says, “It is a excessive value by Ashkelon phrases – about NIS 30,000 per sq. meter, in truth, one of many highest costs we have now seen within the metropolis, particularly for an everyday condo (not a penthouse or backyard condo). Nonetheless, there are a number of causes for this. The condo is in one of the sought-after areas within the metropolis – Yaffe Nof Road, proper on the shoreline, in a prestigious mission with high-quality technical specs and a full sea view will stay open.
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“As well as, it’s a excessive flooring, which provides important worth, each when it comes to the view and when it comes to the sensation of privateness and luxurious. The Ashkelon market has undergone an upheaval not too long ago, however luxurious residences in distinguished tasks like this nonetheless keep demand from a powerful inhabitants, together with these shopping for an even bigger condo and overseas residents.
“To sum up, that is an uncommon deal when it comes to value, however not disconnected from the native actuality of the posh phase within the metropolis. It displays the potential of sure areas in Ashkelon, and particularly the demand for high quality properties with open sea views – even in a fancy interval.”
The value stage of the mission on the whole and the condo that was bought particularly are in all probability the best within the metropolis for prime density development tasks. Nonetheless, the extent of the specs is sort of non-existent in competing properties within the space.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 20, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
