Tel Aviv's Ramat Aviv HaYerek Has Highest Average Price Per Square Meter

The average price per square meter in Tel Aviv's Ramat Aviv HaYerek neighborhood stands at NIS 59,800, according to data from Madlan based on recent transactions. Over the past year, 58 apartments have changed hands in the area. Notably, all recent sales recorded in the neighborhood have been in new, yet-to-be-completed projects, pushing the average transaction price to approximately NIS 5 million.

Ramat Aviv HaYerek, also known as Ramat Aviv Aleph, is one of Tel Aviv's earliest neighborhoods, established north of the Yarkon River. It is characterized by spacious, low-rise buildings from the 1950s and 60s, mature boulevards, gardens, and quiet streets. Its proximity to Tel Aviv University attracts students and faculty, while a long-standing, established population has held onto apartments for decades.

In recent years, new projects and TAMA 38 urban renewal initiatives have been introduced, particularly around Brodetsky and Reading streets, which are now influencing the neighborhood's real estate statistics. Tax authority records show that prominent recent deals exclusively involve new construction. For instance, in July, a 111 sqm, three-room apartment on Brodetsky North sold for NIS 5.98 million (NIS 53,873 per sqm), and a 109 sqm, four-room apartment in the same project sold for NIS 9.07 million (NIS 83,247 per sqm).

Other recent sales include a 79 sqm, three-room apartment on HaBaron street for approximately NIS 59,500 per sqm, with delivery planned for 2028. A record deal in June involved a 152 sqm, five-room apartment on Brodetsky 27 for NIS 14.96 million (NIS 98,421 per sqm). Deliveries for these new projects are scheduled between 2028 and 2031, meaning current statistics reflect prices for future apartments.

Comparing older apartments to new ones of similar size, a second-hand four-room apartment sells for around NIS 4.55 million, compared to NIS 5.75 million for a new build, a difference of about 26%. A second-hand five-room apartment sells for about NIS 4.87 million, less than what was paid in July for a new three-room apartment on Brodetsky North. The average transaction price in the neighborhood has fluctuated, dropping to NIS 3.85 million last year before rising to the current NIS 5 million, largely due to the shift towards new construction sales.