Jerusalem Property Update: May 26, 2022

Jerusalem Property Update

New Projects That are Selling Fast +

You've Found THE Apartment...Now What?

You finally did it!

After going around Katamon, German Colony, Baka, etc… you finally found the apartment you are going to buy.

This is when we get the questions such as “Now what?” “What is the process?” “Do we make an offer today? Not Today?” “Do we offer something immediately and sign something immediately?”

To keep reading our blog titled "You've found THE apartment, now what?" click here.

Check out some fast-selling new Jerusalem projects:

Classy New Building in Mekor Haim- Beat the Rising Prices!

Located on Mekor Haim Street, is an amazing new project- not a TAMA 38 project, but rather a brand new building. The building is due to be ready by July 2024.

Being developed by very well-known developers in Jerusalem, there are two elevators (one will be a Shabbat elevator) and private parking. These beautiful apartments are approximately 1,000 sqft, with balconies, air conditioning, and underfloor heating.

There are different options with different views with some options having really beautiful outlooks. These apartments are really worth looking at as the prices are great for buying a brand-new project at less than a million dollars for a three-bedroom, two-bathroom.

It is approximately a five-minute walk to Hadar Mall, which is a great shopping center right next to Baka and it is a mere 18-minute walk to Nitzanim synagogue in Baka. It is approximately a 5 to 7-minute drive to Emek Refaim. 

The asking price for a 3 bedroom apartment start at 3,120,000 NIS (approximately $930,000 USD) on Floor 1 up to 3,250,000 NIS (approximately $970,000 USD) on Floor 6.

There is a special offer at the moment which fixes this price without index! This is very rare and could save buyers a lot of money. At this point, over half the project is sold.

The prices are about to rise, and the developer is going to take away the offer of no index. Get it while this lasts, it will protect your money!

Gorgeous Brand New Unit in Old Katamon

On a lovely, pastoral side street in the heart of Old Katamon, in a beautiful project that will see the complete refurbishment of an existing building with a beautiful lobby, brand new 6-person elevators, and luxury finishes.

This brand new unit is 1075 square feet with 3 bedrooms, 2 bathrooms, a 130 square foot sukkah balcony, and high technical specifications such as cooling and heating systems, upgraded kitchens, and luxury finishes. Construction is due to start this summer, with expected occupancy around Pesach 2024.

The asking price is 4,500,000 NIS (approximately $1,340,000 USD).

PRE-SALE Modern Apartment in Arnona

Ein Tzurim is a lovely area, surrounded by a lot of greenery, and is just over a 5-minute walk from a shopping center with supermarkets and kosher restaurants. It is the ideal place to locate as Hadar Mall is within a 15-minute walk, and Nitzanim Synagogue is a 20-minute walk.

There are a variety of different apartments available with different sizes ranging from 82 m² to 116 m² as well as penthouse options. At this point in the project, the internal walls of the unit can be changed excluding the mamad wall. Additionally, no windows can be moved from their current placement. Changes to the plan must be approved by the builders and engineers.

Currently, anyone buying before August 1st, 2022 will have 90 days from signing the contract to make these changes. Units sold by Ben in this project come with generous upgraded technical specifications including air conditioning and under-floor heating. The project will take approximately 3 years to complete.

The starting prices according to the size of the apartments is as follows:

82 m²-84 m² - 2,560,000 nis (approximately $763,000 USD).

94 m²- 96 m² - 2,950,000 nis (approximately $880,000 USD).

102 m² - 3,225,000 nis (approximately $960,000 USD).

116 m² - 3,860,000 nis (approximately $1,150,000 USD).

Penthouse - 4,800,000 nis (approximately $1,430,000 USD).

See our available Jerusalem real estate properties here and luxury Jerusalem apartments here.

Need Jerusalem Real Estate Advice? Get in touch!

Contact us on WhatsApp, telephone or email.