Israel Ultra-Luxury Real Estate Market Sets Records Amid Broader Slump
Israel's ultra-luxury real estate market set a record in 2025 with 635 transactions exceeding 10 million shekels, driven by high-end projects like Rothschild 10 and massive buying in Sde Dov.
The ultra-luxury real estate market in Israel is defying broader market trends, setting new records in 2025 for apartment purchases exceeding 10 million shekels. While overall transactions in 2025 dipped to around 90,000 compared to 103,000 in 2024, the high-end sector experienced an unprecedented boom, with 635 transactions crossing the 10 million shekel threshold—a 20% jump over the previous record set in 2021.
The Most Expensive Deals of the Year
Examining the peak transactions of the past year reveals that the project generating the highest deals in Israel is the Rothschild 10 tower, developed by Tidhar and Ziv Aviram, co-founder of Mobileye. A 35th-floor apartment spanning an entire 656-square-meter floor fetched a record 106.65 million shekels. Other notable luxury transactions include an apartment purchased by American billionaire Bill Ackman for 70 million shekels, and a 303-square-meter unit on the 39th floor selling for 65 million shekels.
In Neve Tzedek, high-end projects also dominated. A duplex in a project by Meshar on Elazar Street was acquired by high-tech entrepreneur Shlomo Kramer for 91.4 million shekels, spanning 530 square meters. Meanwhile, villas in Herzliya Pituach fetched up to 80 million shekels. In Jerusalem, the top transaction was recorded at the Hassid Brothers project on Chopin Street, where a 307-square-meter penthouse sold for 48 million shekels.
The Sde Dov Phenomenon and Foreign Buyers
A major driver of this luxury surge is the massive wave of acquisitions in Tel Aviv's Sde Dov district. To date, the Israel Tax Authority has registered 1,030 transactions in Sde Dov totaling 7.8 billion shekels, with the average apartment price reaching 7.6 million shekels. Despite controversies surrounding soil contamination issues at the site, buyers continue to pour billions into the district, anticipating long-term value.
Foreign buyers also play a distinct, albeit constrained, role. Data from the Ministry of Finance indicates that non-residents purchased approximately 1,300 apartments last year. While down significantly from the peak levels seen two decades ago, these buyers remain active in prime locations like Jerusalem and Tel Aviv's HaYarkon Street, navigating currency appreciation and ongoing geopolitical instability.
