A two -room apartment was sold on the seventh floor of the Madarin Oriental project on Hayarkon Street in Tel Aviv (opposite the previous dolphinary) in April for 9.79 million NIS, according to the Israel Tax Authority website. The deal, for an apartment of 79 square meters, operates at 123,924 NIS per square meter.
On 7 Hayarkon Street, according to Madlan, an apartment was sold in February for 6.67 million NIS. This deal, for an apartment of 53 square meters, gives a price per square meter of 125,759 NIS. In October 2024, another apartment was sold in the Mandarin Oriental project for 13.38 million New, or 132,475 NIS per square meter.
These are just three examples. While you ask the real estate industry, certainly in Tel Aviv, the prices of apartments in the new neighborhood next to the sea at the location of what SDE dov airport would have been attending in North Tel Aviv, there is an area also located on the first line of the sea where the numbers were absent in the non -far past.
“The average deals on Haraaron Street last year exceeded 130,000 Newton,” says real estate lawyer and lawyer Rannik, a former president of the Association of Real Estate Real Estate. “If you try to compare this area using Sde Dov, you realize that it is simply not the same product. Hayarkon is much more central than Sde Dov, the sea is close to the entire street, the Carmel market is close, the city center is soon. Hayarkon is 60 % dearest.”
“There are projects in 150,000 NIS”
“The East Mandarin Project, for example, where all apartments were sold by the way. Luxury towers in Herbert Samuel 6-8 bring these prices, but smaller projects can also offer additions that attract luxury buyers. Very developed projects can reach these prices in the prejudices, as they are in the square in the square of 70000 meters. “
Youhuda Avron, a real estate broker that also works in the luxury market, says these prices are distinctive for the entire coastal strip. “In Jafa Port as well, you can see prices of 100,000 NIS per square meter and more, and in Herzliya Pituah, of course. This depends on the project, property, and luxury. There are not many deals, so pricing reaches these levels.”
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“These prices reflect the market,” says Katz. “This is what happens when there are no backups from the ground, when everything is built, when there is not a lot of supply. When I sell apartments at such prices, I raise the eyebrow as well, but this is what the market decides. From anti -Semitism, but also because of heavy taxes there.
“British Jews who are not afraid of the situation in Israel, who find it difficult with the high anti -hostility and high taxes in the United Kingdom, decide to come here, and Hyerkon is one of their favorite sites. They are looking for the city of Tel Aviv. The population abroad changes the rules of the game, and this is what prices reach.”
“The population abroad and the families of diplomats are the main factors that generate the demand on Harakon Street,” Avron added. “There was a very intense activity by the foreign population recently. The situation in Israel may not be good, but when that is not good here, Jews abroad are more difficult. Entoilivity is high, and they are looking for a shelter.”
It was published by Globes, Israel Business News – En.globes.co.il – on July 22, 2025.
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