Jerusalem Property Update: December 23, 2021

Dear readers,

We hope everyone is having a great week!

Please have a look at the following beautiful projects available for sale in central areas of Jerusalem. The projects will see the complete refurbishment and modernization of existing buildings including the addition of elevators, parking spots, and brand new units added to the top floors. These are great opportunities which offer amazing value in the market!

HaShayarot: Brand New Apartments for Sale in Old Katamon

This new project is fabulously located on a lovely, pastoral side street in the heart of Old Katamon, close to supermarkets, stores, bakeries and coffee shops! Just a 3 minute walk to the Shtieblech Shul, 10 minute walk to Eretz Chemda Synagogue, and 15 minute walk to the heart of Emek Refaim Street.

The units can be designed to meet your needs! There are 2 and 3 bedroom apartments, from 990 to 1100 sqf, with great outdoor spaces, high technical specifications such as cooling and heating systems, Italian kitchens, and luxury finishes. Each apartment has 2 bathrooms and a sukkah balcony, and there is an option to purchase private parking. Prices start from 3,750,000 NIS.

There is currently a great option to purchase a combination of 2 penthouses with 4 bedrooms, 1800 sqf with 400 sqf balcony and 2 parking spots at the great price of 8,150,000 NIS (approximately $2,580,000 USD).

The building has been completely refurbished with an addition of 2 floors, with a beautiful lobby and 6-person elevators.

Expected occupancy around Pesach 2024. Great opportunity for group purchase!

There are 2 units left in this new luxury project located in the heart of Baka!

4 Bedroom Unit

Beautiful 1500 sqf apartment finished to a high standard with 4 bedrooms, 2 bathrooms, and a lovely sukkah balcony with beautiful views. The unit comes with private parking and a storage room.

The asking price is 7,250,000 NIS (approximately $2,300,000 USD).

Penthouse Unit

Lavish 2200 sqf duplex penthouse with 5 bedrooms including a master suite on the main level and a fabulous entertaining space. There are 2 wonderful terraces totaling 1200 sqf with incredible views! The unit comes with parking and storage as well as high-end finishes.

The asking price is 12,500,000 NIS (approximately $4,000,000 USD).

*Pictures are for illustration only*

Modern Project for Pre-Sale in Arnona

In the serene, green neighborhood of Arnona, this new project is seeing the complete modernization and refurbishment of an existing building, with the addition of about 15 apartments. The building will have a sleek, modern design with a lovely foyer and brand new elevators with a Shabbat clock program.

Each apartment will have a beautiful balcony with wonderful views to Arnona, a private parking spot, and high-end specifications including central air-conditioning and underfloor heating. There is an option to purchase a storage room with your unit. There is a generous budget and variety of designs and options for the finishes, such as porcelain tiles in a variety of colors. The floor plans and interior designs can be customized to meet your needs! 

This project is set to begin construction in about 1 year with an expected completion in approximately 3 years. There are great pre-sale prices! The first apartments can be sold with parking spots.

2 bedroom units start from 2,450,000 NIS (approximately $780,000 USD).
3 bedroom units start at 2,850,000 NIS (approximately $900,500 USD).