Beer Yaakov Apartment with Integrated Diyorit Sells for 4.05 Million Shekels

A large 6-room apartment spanning 154 square meters with a 32-square-meter balcony was recently sold for 4.05 million shekels in the MIA project located in the new western neighborhood of Beer Yaakov. The apartment, situated on the 15th floor out of 18, includes a two-room attached unit known as a 'diyorit', along with two parking spaces and a private storage room.

The Diyorit Concept and Market Value

A 'diyorit' is a planned residential unit featuring its own bathroom, shower, and kitchenette. Unlike a illegally partitioned apartment, a 'diyorit' is fully legal, complies with the local zoning plan (TABA), and is situated directly within the main apartment while maintaining a separate door. It can be rented out, used for elderly parents, a caregiver, or a home clinic.

Beer Yaakov is currently experiencing a surplus of new inventory, with over 1,500 unsold apartments in recent months. New apartment prices average around 26,000 shekels per square meter, reflecting a roughly 5% price drop compared to last year.

The MIA project, developed by Guy and Doron Levi, is planned to include 23 buildings ranging from 7 to 18 floors, totaling 781 housing units. Sales for phase A began three months ago, and the company reports that about two-thirds of the integrated diyorit units have already been sold.

Financial Analysis and Flexibility

Without factoring in the balcony, prices in the project reach approximately 26,000 shekels per square meter, aligning with the municipal average. A standard 6-room apartment of 154 square meters costs about 3.8 million shekels in the project, meaning the unit with the diyorit commands a 250,000 shekel premium.

'The diyorit introduces a flexibility into the apartment that we usually see in private homes, and the market indeed assigns value to this flexibility,' says appraiser Anat Bernir Sternberg.

Experts note that while a diyorit cannot be sold or registered separately, the 250,000 shekel addition is reasonable and attractive given the variety of options it creates, whether for home-based businesses, independent household rentals, or family members.

Changing Buyer Preferences

Rachel Kalimy, the company's marketing manager, noted that the trend reflects how families live today, accommodating growing children, aging parents, and remote work. Sales manager Avi Caston added that demand surprised developers, with many buyers using the separate space for home-based businesses such as design studios, law practices, and accounting offices rather than strictly for rental income.