A 185 sq. meter duplex penthouse with an 80 sq. meter balcony on Abba Eban Road within the Mishkanot Ha’uma neighborhood close to the western entrance to Jerusalem has bought for NIS 12.25 million.
Mishkenot Ha’Uma is close to the federal government precinct, Binyanei Ha’Uma, the central bus station, Yitzhak Navon railway station, Jaffa Street and the sunshine rail.
The neighborhood has a wonderful location close to the Western entrance to town however just isn’t near the Previous Metropolis or in sight of it – an essential attribute that impacts the value in Jerusalem.
Many of the residences constructed within the undertaking land initially gained in a young by B. Yair’s land could also be of top of the range, however they aren’t distinctive. The builders sought to attraction to a broad cross-section of the inhabitants, in contrast to mega-prestigious initiatives within the metropolis, which had been explicitly designed for international residents.
The undertaking’s plans known as for the development of a quota of small residences, it’s comparatively removed from the Previous Metropolis, and was additionally constructed with a comparatively excessive density of residences in massive buildings, which might deter high-end consumers.
The undertaking consists of all kinds of residences of assorted sizes, and the costs of residences within the undertaking have risen in worth 35% from a median of NIS 31,000 per sq. meter in 2019 to a median of NIS 42,000 per sq. meter at the moment. That is near the will increase recorded within the nation as a complete.
Two-room residences are promoting for round NIS 2.6 million, 3-room residences for round NIS 3.5 million and 4-room residences for NIS 4 million and above.
The penthouse deal is the best recorded thus far within the undertaking. A duplex residence subsequent to this residence was bought on the finish of final yr for NIS 12.07 million. This residence was bigger than the residence within the newest deal, however general the quantities paid are shut sufficient to find out that the deal worth is inside the market vary.
The costs per sq. meter in each offers are considerably greater than the costs per sq. meter elsewhere within the undertaking, however a lot of the undertaking doesn’t embody luxurious options like these two residences, and subsequently, even within the calculation per sq. meter, the duplex residences needs to be priced greater.
Haim Medici of T.Ok.M. Actual Property Advertising and Administration, who brokered the deal, says that the value ranges within the undertaking vary round NIS 39-43,000 per sq. meter. In keeping with him, the residence was deliberate to be bought to Yair Biton, the previous controlling shareholder of the event firm B. Yair that constructed the undertaking, however the flip of occasions led to the residence being bought on the free market.
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“Initially, the house owners wished NIS 14 million for the residence, however I estimated its worth at a most of NIS 11.5 million, in order that they agreed to compromise, however made a superb deal. “The customer, a international resident from Los Angeles, additionally made a superb deal, as a result of the residence is exclusive within the undertaking,” Medici concludes.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 2, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
