A two-bedroom apartment on the seventh floor of Madarin Oriental project on the 2 Hayark road Tel Aviv (opposite former Dolphinarium) sold in NIS 9.79 million, according to the Israeliese website. The agreement, for a 79 square meter apartment, working in NIS 123,924 per square meter.
On 7 Hayarkon road, according to Madlan website, an apartment is sold in February for NIS 6.67 million. This deal, for a 53 square meter apartment, provides a price per square meter of NIS 125,759. On October 2024, another apartment in Mandarin Oriental project sold for NIS 13.38 million, or NIS 132,475 per square meter.
These only three examples. At a time when the real estate industry, certainly in Tel Aviv, is mainly asking itself what prices apartments in the new neighborhood by the sea on the site of what was sde dov airport in the north Tel Aviv from the sea where the numbers would have seemed absurd in the not TOO DISTANT PAST.
“The average for Hayarkon Street deals last year exceeded NIS 130,000,” said real estate expeiser and lawyer Wiernik, a former chairperson in real estate appraiser associations. “If you try to compare this place with SDE DOV, you know it’s not the same product in SDED DOT. Hayarkon is 60% expensive.”
“There are NIS 150,000 projects”
“There are also projects on this road where the average prices over 150,000 per square meter,” Oren Katz added a realtor specialist in the market, with emphasis on Tel Aviv. “The project of Mandarin Oriental, for example, all apartments are sold. The higher prices can also reach the prices of phrases. NIS 70,000 to 80,000 per square meter.”
Yehuda Avron, a realtor also works in the luxury market, says these prices are characterized across the beach. “In the Jaffa Port, you can see the prices of NIS 100,000 square miles and more than hayed hours, and high-level hayers with 15 million. Suit. There are no many bargains, and therefore the price can reach these levels.”
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“These prices reflect the market,” Katz said. “This will happen if no land reserves, if everyone is built, without the apartments of apartments in apartments in apartments in the apartments of apartments in the apartments of apartments, but also because of a more severe taxation there.
“The Jews in Britain who are not afraid of Israel’s condition, who rose increases the increase in the flow of antisemityism in the UK, and the residents of ovenetas are one of their preferred locations.
“Families overseas and diplomats and diplomats are the main reasons that produce Hayarkon Street needs,” Avron added. “There is very foreign residents activities recently. The condition of Israel would be bad, but if it wasn’t good here, for the Jews outside the rise of a refuge.”
Published in Globes, Israel News in News – en.globes.co.il – On July 22, 2025.
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