A 132 sq. meter, 5 room twentieth flooring condominium with a 28 sq. meter balcony overlooking the marina in Ashkelon with an open view of the ocean has been offered for NIS 4.37 million.
The condominium is within the Dimri Yama venture 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 venture has a health room, dry sauna, lounge for tenants with a small kitchen and furnishings and air-conditioned foyer.
In accordance with the Israel Tax Authority, residences within the venture 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 best quantity paid within the venture was in one other tower the place a 177 sq. meter penthouse on the twenty fourth flooring with a 35 sq. meter balcony was offered for NIS 6.09 million.
Above the marina, there are residences that had been constructed over the seafront within the late Nineteen Nineties and early 2000s. These tasks principally 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 condominium is very luxurious with a panoramic view of the ocean in three instructions, 150 meters from the seafront and that is what attracted the consumers.
He says, “The condominium was purchased by a household of latest immigrants from the US. Not a younger couple, he works in high-tech and he or she is an architect with household in Israel. Within the first stage this shall be a trip dwelling for them. Inside just a few years they are going to develop into pensioners they usually plan to immigrate to Israel.”
The couple noticed the condominium with an agent and inside every 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 venture. About 30% of the consumers are Individuals. Half of them intend to dwell right here, and the remaining are buying trip residences to be used four-five months a 12 months.”
Actual property appraiser Erez Cohen says, “It is a excessive worth by Ashkelon phrases – about NIS 30,000 per sq. meter, the truth is, one of many highest costs we’ve seen within the metropolis, particularly for a daily condominium (not a penthouse or backyard condominium). Nevertheless, there are a number of causes for this. The condominium is in one of the vital sought-after places within the metropolis – Yaffe Nof Avenue, proper on the shoreline, in a prestigious venture 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 by way of the view and by way of the sensation of privateness and luxurious. The Ashkelon market has undergone an upheaval just lately, however luxurious residences in outstanding tasks like this nonetheless preserve demand from a powerful inhabitants, together with these shopping for an even bigger condominium and overseas residents.
“To sum up, that is an uncommon deal by way of worth, however not disconnected from the native actuality of the luxurious section 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 degree of the venture usually and the condominium that was offered specifically are most likely the very best within the metropolis for prime density development tasks. Nevertheless, 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.
