Ashkelon trip house fetches unexpectedly excessive value

A 132 sq. meter, 5 room twentieth flooring residence 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 residence is within the Dimri Yama challenge comprising three 24-floor towers on the junction of Yafe Nof and Moshe Dayan Streets. The towers are reverse the Marina Mall and the flats are anticipated to be occupied in February 2026. There are 5 flats on every of the primary 19 flooring and 4 flats on the twentieth to twenty fourth flooring. The challenge has a health room, dry sauna, lounge for tenants with a small kitchen and furnishings and air-conditioned foyer.

Based on the Israel Tax Authority, flats within the challenge have been promoting for NIS 28,000 per sq. meter with costs reaching NIS 40,000 per sq. meter within the smaller flats. This newest deal on the twentieth flooring represents NIS 33,000 per sq. meter.

The best quantity paid within the challenge 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 flats that have been constructed over the seafront within the late Nineties and early 2000s. These tasks largely embrace small 2-3 room flats, and costs are about NIS 18,000 per sq. meter. Newer, bigger flats in close by tasks attain costs of about NIS 20,000 per sq. meter.

Y.H. Dimri (TASE: DIMRI) VP advertising Amir Cohen says that the residence 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 residence was purchased by a household of recent 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 can be a trip house for them. Inside a couple of years they’ll grow to be pensioners they usually plan to immigrate to Israel.”

The couple noticed the residence with an agent and inside every week they decided with the ocean view a high precedence for them.

Cohen says, “We see a transparent development of accelerating curiosity from North America, and particularly on this challenge. About 30% of the consumers are Individuals. Half of them intend to stay right here, and the remaining are buying trip flats to be used four-five months a 12 months.”

Actual property appraiser Erez Cohen says, “This can be a excessive value by Ashkelon phrases – about NIS 30,000 per sq. meter, in truth, one of many highest costs we’ve seen within the metropolis, particularly for an everyday residence (not a penthouse or backyard residence). Nonetheless, there are a number of causes for this. The residence is in one of the vital sought-after areas within the metropolis – Yaffe Nof Avenue, proper on the shoreline, in a prestigious challenge with high-quality technical specs and a full sea view will stay open.

“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 not too long ago, however luxurious flats in outstanding tasks like this nonetheless preserve demand from a powerful inhabitants, together with these shopping for an even bigger residence and overseas residents.

“To sum up, that is an uncommon deal by way of value, 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 stage of the challenge normally and the residence that was offered specifically 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.